Twydale Business Centre
Skerne Road
Driffield
East Riding of Yorkshire
YO25 6JX

Freehold Industrial Investment

  • Substantial multi let business estate in established industrial location
  • Low vacancy rate (over 98% area let)
  • Approximately 5,374.24 sq m (57,848 sq ft) accommodation
  • Lot
    27
  • Auction
    28/Mar/2018
  • Rent
    £167,104 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,600,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • Twydale Business Centre<br>Skerne Road<br>Driffield<br>East Riding of Yorkshire<br>YO25 6JX
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Property Information

Location
Miles
22 miles north of Hull
30 miles east of York
Roads
A614, A166
Rail
Driffield Rail (direct services to Hull and Sheffield)
Air
Humberside Airport
Leeds Bradford Airport
Situation

Driffield is a market town located some 22 miles north of Hull and 30 miles east of York.
Twydale Business Centre is located in an established industrial location to the south of the
town centre and within 0.5 miles of Driffield railway station, which offers direct services to Hull and Sheffield. Nearby occupiers include Driffield Business Centre and a number of other businesses.

Tenure

Freehold.

Description

The property comprises a business centre comprising industrial units varying from approximately 200 sq ft to 5,500 sq ft and open storage. The site extends to approximately 3.155 acres (1.277 hectares).

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

UnitFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
1
179.02 sq m
(1,927 sq ft)
COUNTRY MACHINERY
LIMITED
6 years from
1/09/2017 (1)
£6,000(31/08/2023)
2
306.02 sq m
(3,294 sq ft)
CAPE CUTTER MARINE LTD3 years from
01/01/2018 (2)
£8,000(31/12/2020)
2b, 3, 4
and 6
1,355.45 sq m
(14,590 sq ft)
HEARTLAND INTERIORS LTD6 years from
01/02/2016 (1)
£33,00001/02/2019
(30/01/2022)
4b
207.92 sq m
(2,238 sq ft)
7 VISION LIMITED4 years from
01/05/2017 (2)
£9,633(30/04/2021)
5
161.00 sq m
(1,733 sq ft)
INDIVIDUAL6 years from 02/09/2017£6,08601/09/2018 (3)
(01/09/2023)
7a
277.41 sq m
(2,986 sq ft)
INDIVIDUAL3 years from 01/07/2016£9,257(30/06/2019)
7b
142.42 sq m
(1,533 sq ft)
INDIVIDUAL
t/a Flexi Systems
6 years from
01/08/2016 (1)
£4,80701/08/2019 (4)
(31/07/2022)
8
501.68 sq m
(5,400 sq ft)
WOOD ART STUDIO LTD3 years from 01/02/2017£14,950(31/01/2020)
8a
123.93 sq m
(1,334 sq ft)
THE CAVE GYM & PERSONAL
TRAINING LIMITED
3 years from
01/10/2015 (2)
£4,560(30/09/2018)
8b
42.27 sq m
(455 sq ft)
WATFORD SHIPPING
SOLUTIONS LTD
3 years from 15/12/2017£3,422(14/12/2020)
8c
42.27 sq m
(455 sq ft)
SEDMAN SHOES LIMITED3 years from 01/12/2015£2,297(30/11/2018)
9
291.34 sq m
(3,136 sq ft)
INDIVIDUAL6 years from 01/04/2017
(1)
£11,00001/04/2020 (5)
(31/03/2023)
10b
106.56 sq m
(1,147 sq ft)
ATS INNOVATIONS LTD2 years from 01/01/2018
(2)
£3,674(31/12/2020)
10c
106.65 sq m
(1,148 sq ft)
NURTURE LANDSCAPES LTD3 years from 01/02/2016£3,934(31/01/2019)
10d
95.23 sq m
(1,025 sq ft)
THE BEER WORKS LTD3 years from 01/02/2017£3,800(29/02/2020)
10e
167.23 sq m
(1,800 sq ft)
H&A BELL LTD10 years from
01/03/2016 (2)
£4,89301/03/2019 and
01/03/2022 (6)
(28/02/2026)
15
41.81 sq m
(450 sq ft)
COLEMANS CIDER
COMPANY LTD
6 years from
01/05/2017 (1)
£2,62801/04/2020 (7)
(30/04/2023)
Container 2
14.86 sq m
(160 sq ft)
INDIVIDUALLicence from
10/05/2017
£9603 month rolling
break option
Container 3
14.86 sq m
(160 sq ft)
THE BEER WORKS LTD6 months from 01/01/2018£1,152(30/06/2018)
2a, 3b, 10a and
Container 1
283.54 sq m
(3,052 sq ft)
VARIOUS INDIVIDUALS4 separate leases£11,489(August -
November
2018) (2)
3a, 3c, 4b
(Compound), 7c
and 9a
787.45 sq m
(8,476 sq ft)
VARIOUS INDIVIDUALS5 separate leases£19,642(March -
August 2020)
1a, 1b and 16
95.60 sq m
(1,029 sq ft)
VACANT POSSESSION   
Container 4
14.86 sq m
(160 sq ft)
COLEMANS CIDER
COMPANY LTD
3 months from 01/02/2018£960 
Container 5
14.86 sq m
(160 sq ft)
CAPE CUTTER MARINE LTD3 months from 01/02/2018£960 
Total
5,374.24 sq m
(57,848 sq ft)
  £167,104 

(1) The leases for units 1, 2b, 3, 4, 6, 7b, 9 and 15 provide an option to determine on the third anniversary of the term.
(2) The leases for units 2, 4b, 8a, 10b and 10e provide options to determine. Please refer to the legal pack for further information.
(3) The lease of Unit 5 provides a fixed increase to £6,886 p.a. on 01/09/2018.
(4) The lease of Unit 7b provides a fixed increase to £5,572 p.a. on 01/08/2019.
(5) The lease of Unit 9 provides a fixed increase to £12,250 p.a. on 01/04/2020.
(6) The lease of Unit 10e provides a fixed increase to £5,592 p.a. on 01/03/2019 and to £6,000 p.a. on 01/03/2022.
(7) The lease of Unit 15 provides a fixed increase to £2,968 p.a. on 01/04/2020.

Property Documents

  • Catalogue Page
    Updated Date
    07.03.18
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    07.03.18
    File Size
    925 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Lupton Fawcett Yorkshire House, East Parade
Leeds
West Yorkshire
LS1 5BD
David Whitaker 0113 280 2118david.whitaker@luptonfawcett.law

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