Travis Perkins
3 Station Road
Williton
Taunton
TA4 4RL

Well Located Trade Counter Investment

  • Let to Travis Perkins (Properties) Limited until November 2031 (no breaks)
  • 5 yearly upward only rent reviews linked to a minimum of 3% per annum compounded
  • Rent rising to a minimum of £80,235.68 in 2022 and £93,015.14 in 2027
  • Approximate site area of 0.95 acres (0.38 hectares)
  • Future option to purchase freehold for £1 (see legal pack)
  • Lot
    32
  • Auction
    11/Jul/2019
  • Rent
    £69,212 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    Trade Counter
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of a Major Investment Manager
  • Travis Perkins<br>3 Station Road<br>Williton<br>Taunton<br>TA4 4RL
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
14 miles north-west of Taunton
18 miles west of Bridgwater
38 miles north-east of Exeter
Roads
A39, A358, M5 (junction 25)
Rail
Air
Exeter Airport, Bristol Airport
Situation

Williton is a West Somerset town located approximately 14 miles north-west of Taunton at the junction of the A39, A358 and B1391. The property is located on Station Road, adjacent to Williton Railway Station (a heritage railway). The property forms part of the established Williton Industrial Estate with nearby occupiers including Deso Engineering, Williton Auto Services and Agritrac.

Tenure

Long Leasehold. Held for a term of 200 years from 01/12/2006 at a peppercorn rent. The lease provides an option to purchase the Freehold for £1 + VAT, subject to conditions being satisfied. Please refer to the legal pack for further information.

Description

The property comprises two standalone units, one currently arranged to provide a ground floor trade counter unit with ancillary office accommodation on part ground and first floor and the other providing a ground floor warehouse unit with mezzanine storage. The warehouse benefits from roller shutter doors and a large storage yard with customer parking. The property has an approximate site area of 0.95 acres (0.38 hectares) and a low site cover of approximately 29%.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseGross Internal Floor Areas
(Approx)
TenantTermRent p.a.xReview
Ground
Ground
First
Ground
Mezzanine
Trade Counter
Office
Offices
Warehouse
Storage
477.90 sq m
45.40 sq m
220.00 sq m
590.60 sq m
80.10 sq m
(5,144 sq ft)
(489 sq ft)
(2,368 sq ft)
(6,357 sq ft)
(862 sq ft)
TRAVIS PERKINS
(PROPERTIES)
LIMITED (1)
25 years from
01/12/2006 until
30/11/2031 on a full
repairing and insuring
lease (2)
£69,21201/12/2022
and five
yearly (3)
Total
1,414.00 sq m
(15,220 sq ft)
  £69,212 rising to a
minimum of £80,235.68
in 2022 and £93,015.14
in 2027

(1) For the year ending 31st December 2018, Travis Perkins (Properties) Limited reported a turnover of £92,200,000, pre-tax profits of £52,200,000 and a total net worth of £277,100,000 (Source: beta.companieshouse.gov.uk 31/05/2019). Travis Perkins is the UK's largest distributor of building materials and has been helping build Britain for over 200 years. With 20+ businesses in the Group, they have grown to approximately 29,000+ employees across more than 2,000 branches, stores and sites around the UK
(Source: www.travisperkinsplc.co.uk 05/06/2019).
(2) The lease is subject to a schedule of condition.
(3) The rent reviews are upwards only to the higher of two thirds of Market Rent (as defined in the lease) or the annual rent payable increased by 3% per annum compounded annually. For further information please refer to the lease available in the legal pack.

Property Documents

  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    19.06.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120904charlie.powter@acuitus.co.uk
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP Cannon Place, 78 Cannon Street
78 Cannon Street
EC4N 6AF
Donald Shaw 0207 367 2323donald.shaw@cms-cmno.com

Useful Links

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