Unit 36, Normanton Industrial Estate
Mildred Sylvester Way
Normanton
West Yorkshire
WF6 1TA

Detached Freehold Industrial/Warehouse Investment

  • Let to Woods Corporate Services Limited with personal guarantee (t/a Chariots Express/Hexagon International Freight)
  • New 10 year lease from March 2019 (no breaks)
  • Approximately 2,084.38 sq m (22,437 sq ft) with large secured yard, loading area and separate parking
  • Site area 1.38 acres (0.55 hectares)
  • Established industrial estate, half a mile from J31 of M62 motorway
  • Lot
    15
  • Auction
    26/Mar/2020
  • Rent
    £150,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • Unit 36, Normanton Industrial Estate<br>Mildred Sylvester Way<br>Normanton<br>West Yorkshire<br>WF6 1TA
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* More information on the term "price" can be found here

Property Information

Location
Miles
11 miles south-east of Leeds
26 miles south-west of York
Roads
M62 (J31)
Rail
Normanton
Air
Leeds Bradford Airport
Situation

The property is situated on the established and well located Normanton Industrial Estate, approximately 11 miles south-east of Leeds. The estate is strategically situated adjacent to the M62 Motorway, about half a mile from Junction 31, providing excellent road connectivity via Pontefract Road (A655). The property is located on the corner of Mildred Sylvester Way and Don Pedro Avenue. Nearby occupiers on the estate include Sheridan Fabrications, CMS Tools, Ashleigh Signs and Morrison Utility Services.

Tenure

Freehold.

Description

The property comprises a large detached ground floor warehouse, with offices arranged on ground and first floor, along with a permanent mezzanine floor. The property, which underwent a refurbishment programme, benefits from a large secure yard and loading area, and separate parking with capacity for up to 70 cars.

VAT

VAT is applicable to this lot.

EPC

Band D. Please see legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUseGross Internal Floor Areas (Approx)TenantTermRent p.a.xReviews
Ground
Ground
First
Mezzanine
Warehouse
Offices
Offices
Ancillary
1,518.78 sq m
173.21 sq m
199.39 sq m
193.00 sq m
(16,348 sq ft)
(1,864 sq ft)
(2,146 sq ft)
(2,078 sq ft)
WOODS
CORPORATE
SERVICES LIMITED
(1) with personal
guarantee t/a
Chariots Express/
Hexagon
International Freight
10 years from
29/03/2019 until
28/03/2029 on a full
repairing and
insuring lease
£150,000 (2)(3) 29/03/2022
29/03/2025
29/03/2028
Total
2,084.38 sq m
(22,437 sq ft)
  £150,000 

(1) Woods Corporate Services, which owns Chariots Express/Hexagon International Freight has been in business since 1990 and operates throughout the UK, East and West Europe. Chariots Express is a 24 hour courier company (www.chariotsexpress.co.uk).
(2) The current passing rent under the terms of the lease is £125,000 pa, rising to a minimum of £150,000 pa in March 2022. The vendor has agreed to adjust the completion monies so that the property effectively produces £150,000 pa from completion of the sale until the minimum fixed rental uplift in March 2022.
3) The rent is reviewed to the higher of OMV or RPI, subject to a minimum rental uplift of £150,000 pa in March 2022.

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    18.03.20
    File Size
    35 MB
    Login to View
  • Catalogue Page
    Updated Date
    04.03.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    04.03.20
    File Size
    486 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Dwyers Solicitors 176 Stamford Street Central
Ashton-under-Lyne
OL6 7LR
Michael Rose 0161 308 3928Michaelrose@dwyers.net

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