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.
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.
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
Floor
Use
Gross Internal Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
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
25 years from 01/12/2006 until 30/11/2031 on a full repairing and insuring lease (2)
£69,212
01/12/2022 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.