Let to WPD Property Investments Limited formerly SWEB Property Investments Limited until 2081 (no breaks)
5 yearly Open Market Rent Reviews
Approximately 0.51 hectares (1.26 acres)
Nearby occupiers include Jewson, Yeo Valley, Dulux and Snapfish
Lot 63
Auction 11th July 2018
Rent £24,000 per Annum Exclusive
Status Sold
Price £500,000
Sector Ground Rent
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
7 miles north of Torquay, 15 miles south of Exeter
Roads
A381, A38
Rail
Newton Abbot Railway Station
Air
Bristol International Airport, Exeter Airport
Situation
The property is prominently located on the well established Brunel Industrial Estate, less than a mile from Newton Abbot town centre and approximately 350 metres from the railway station. Nearby occupiers include Jewson, Yeo Valley, Dulux and Snapfish.
Tenure
Freehold.
Location
Miles
7 miles north of Torquay, 15 miles south of Exeter
Roads
A381, A38
Rail
Newton Abbot Railway Station
Air
Bristol International Airport, Exeter Airport
Situation
The property is prominently located on the well established Brunel Industrial Estate, less than a mile from Newton Abbot town centre and approximately 350 metres from the railway station. Nearby occupiers include Jewson, Yeo Valley, Dulux and Snapfish.
Tenure
Freehold.
Description
The property comprises a site area of approximately 0.51 hectares (1.26 acres), upon which is an electricity substation.
VAT
VAT is not 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 a site area of approximately 0.51 hectares (1.26 acres), upon which is an electricity substation.
VAT
VAT is not 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
Use
Site Area (2)
Tenant
Term
Rent p.a.x
Reviews
Electricity Substation
0.51 hectares
(1.26 acres)
WPD PROPERTY INVESTMENTS LIMITED (1)
100 years from 29/09/1981 until 28/09/2081 on a full repairing and insuring lease (2)
£24,000
28/09/2021 and 5 yearly
Total
0.51 hectares
(1.26 acres)
£24,000
(1) For the year ending 31st December 2016, WPD Investments Limited formerly SWEB Property Investments Limited reported a turnover of £4,506,000, a pre-tax profit of £4,372,000 and a total net worth of £27,387,000 (Source: Experian Group 07/06/2018). (2) The site area stated above is stated in the lease.
