The property is situated in a prominent position within Knowsley Industrial Park, at the corner of Bradman Road and Acornfield Road. Knowsley Industrial Park is one of Liverpool’s prime industrial locations approximately 8 miles north-east of Liverpool city centre benefitting from being less than 1 mile from junctions 4 and 5 of the M57 and within close proximity to Potter Rail Terminal and the region's airports.
Tenure
Virtual Freehold. Held from Knowsley Metropolitan Borough Council on two separate leases for a term
of 999 years from 01/04/1946 until 31/03/2945 at a peppercorn rent with no reviews.
The property is situated in a prominent position within Knowsley Industrial Park, at the corner of Bradman Road and Acornfield Road. Knowsley Industrial Park is one of Liverpool’s prime industrial locations approximately 8 miles north-east of Liverpool city centre benefitting from being less than 1 mile from junctions 4 and 5 of the M57 and within close proximity to Potter Rail Terminal and the region's airports.
Tenure
Virtual Freehold. Held from Knowsley Metropolitan Borough Council on two separate leases for a term
of 999 years from 01/04/1946 until 31/03/2945 at a peppercorn rent with no reviews.
Description
The property comprises two industrial units providing warehouse and office accommodation and a large yard with a total approximate site area of 3.357 acres (1.359 hectares).
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two industrial units providing warehouse and office accommodation and a large yard with a total approximate site area of 3.357 acres (1.359 hectares).
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
1
Ground
Industrial
4,589.69 sq m
(49,403 sq ft)
SRCL LIMITED (1)
15 years from 13/01/2014 (2)(3)
£95,714
(12/01/2029)
2
Ground
First
Industrial/ Office Ancillary
1,659.44 sq m
1,663.15 sq m
(17,862 sq ft)
(17,902 sq ft)
SRCL LIMITED (1)
Approx 12 years 9 months from 30/03/2016 (2) (3)
£25,000
Fixed increases on 25/12/2019 and 25/12/2023 (4) (12/01/2029)
Total
7,912.28 sq m
(85,167 sq ft)
£120,714
(1) SRCL Limited (t/a Stericycle) are the UK’s leading healthcare waste specialists with 20 sites across the UK and Ireland, providing more waste collection, treatment and disposal services to more NHS and private sector hospitals in the UK than anyone else. They are part of Stericycle Inc. which provides healthcare services to over half a million customers worldwide (Source: www.srcl.com 23/02/2018). (2) The leases are full repairing and insuring, subject to a schedule of condition. (3) The lease of Unit 1 is subject to a tenant only option to determine on 13/01/2024 subject to 12 months’ written notice. The lease of Unit 2 is subject to a tenant only option to determine on 13/01/2023 subject to 12 months’ written notice. (4) The lease of Unit 2 benefits from fixed rental increases to £30,000 p.a. in 2019 and £35,000 p.a. in 2023.