Toolspec Manufacturing Company 4 Sedgwick Road Luton LU4 9DT

Toolspec Manufacturing Company
4 Sedgwick Road
Luton
LU4 9DT

Freehold Index-Linked Industrial Investment

  • Entirely let to Toolspec Manufacturing Company Limited
  • Annual RPI linked rent increases (minimum 2% pa and maximum 5% pa)
  • Approximately 2,704.80 sq m (29,105 sq ft) on 0.4 hectare (1 acre) site
  • Established industrial estate approximately 1.5 miles to Junction 11A of the M1 motorway
  • Nearby occupiers include Vauxhall, Novoferm, Kensington Traders and Booker Wholesale
  • Lot
    26
  • Auction
    11th July 2019
  • Rent
    £126,494 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,100,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Index-Linked Industrial Investment

  • Entirely let to Toolspec Manufacturing Company Limited
  • Annual RPI linked rent increases (minimum 2% pa and maximum 5% pa)
  • Approximately 2,704.80 sq m (29,105 sq ft) on 0.4 hectare (1 acre) site
  • Established industrial estate approximately 1.5 miles to Junction 11A of the M1 motorway
  • Nearby occupiers include Vauxhall, Novoferm, Kensington Traders and Booker Wholesale
  • Lot 26
  • Auction 11th July 2019
  • Rent
  • Status Sold
  • Price £2,100,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN

Property Information

Location
Miles
4 miles north-west of Luton town centre
19 miles south of Bedford
38 miles north-west of Central London
Roads
M1 (J11A), A5, A6, A1(M), M25
Rail
Luton Station (London St Pancras 28 mins)
Air
London Luton, London Heathrow
Situation

Luton is one of the most populous towns without city status in the UK. The property is situated in the northern edge of the town, on the North Luton Industrial Estate. The industrial estate benefits from excellent connections to London and the North being located close to the M1 motorway. The property is located on the southern side of Sedgwick Road, close to its junction with Toddington Road, in a predominantly industrial location. Other nearby occupiers include Vauxhall, Novoferm, Kensington Traders and Booker Wholesale.

Tenure

Freehold.

Location
Miles
4 miles north-west of Luton town centre
19 miles south of Bedford
38 miles north-west of Central London
Roads
M1 (J11A), A5, A6, A1(M), M25
Rail
Luton Station (London St Pancras 28 mins)
Air
London Luton, London Heathrow
Situation

Luton is one of the most populous towns without city status in the UK. The property is situated in the northern edge of the town, on the North Luton Industrial Estate. The industrial estate benefits from excellent connections to London and the North being located close to the M1 motorway. The property is located on the southern side of Sedgwick Road, close to its junction with Toddington Road, in a predominantly industrial location. Other nearby occupiers include Vauxhall, Novoferm, Kensington Traders and Booker Wholesale.

Tenure

Freehold.

Description

The property comprises a three bay single storey industrial unit with an attached two storey office and storage building on the front elevation. The property benefits from car parking for 23 cars and a goods loading area at the front of the building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B. See legal pack at acuitus.co.uk

Description

The property comprises a three bay single storey industrial unit with an attached two storey office and storage building on the front elevation. The property benefits from car parking for 23 cars and a goods loading area at the front of the building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Unit Floor Use Gross Internal Floor Areas
(Approx)
Tenant Term Rent p.a.x Reviews
Industrial

Office
Ground

Ground
First
Industrial/
Manufacturing
Office/Ancillary
Office Ancillary
2,293.20 sq m

205.80 sq m
205.80 sq m
(24,675 sq ft) (1)

(2,215 sq ft)
(2,215 sq ft)
TOOLSPEC
MANUFACTURING
COMPANY
LIMITED (2)
15 years from
23/12/2010
until
22/12/2025
on a full
repairing and
insuring lease
£126,494
(£4.35
per sq ft)
RPI linked rent
increases on
23/12/2019 and
annually
thereafter
(collared at 2%
pa and capped
at 5% pa)
Total
   
2,704.80 sq m
(29,105 sq ft) (1)
    £126,494  

(1) The property benefits from a mezzanine area of about 907.10 sq m (9,760 sq ft), not included in the floor areas above, which was erected to provide for additional storage and manufacturing space.
(2) Toolspec Manufacturing Company was founded in 1961 as a tool making business. Over 50 years later and Toolspec has evolved with customer requirements to become an industry leading specialist in tubular manipulation and complex welded assemblies (Source: www.toolspec.co.uk/about/ 06/06/2019).

Property Documents

  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    19.06.19
    File Size
    538 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Shepherd and Wedderburn LLP Condor House, 10 St. Paul's Churchyard
London
EC4M 8AL
Lauren McLeod 0207 429 4959lauren.mcleod@shepwedd.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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