Units 1 - 11 Leyland Close Fisons Way Thetford Norfolk IP24 1XA

Units 1 - 11 Leyland Close
Fisons Way
Thetford
Norfolk
IP24 1XA

Multi-Let Industrial Estate Investment

Established Fison Way Industrial Estate within 1 mile of the A11
11 units totalling 1,244.07 sq m (13,390 sq ft)
Site area of approximately 0.35 hectares (0.86 acres) and site coverage 36%
Nearby occupiers include Hughes Service Centre, Boniface Engineering, TNT, CCF Insulation, Centurion Safety Products, Nissan, Kia, Ford and Volvo Truck & Bus

Lot
1
Auction
21st May 2020
Rent
£39,200 per Annum Exclusive
Status
Sold
Price
£350,000
Auction Venue
Live Streamed Auction
On Behalf of Receivers

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Multi-Let Industrial Estate Investment

Established Fison Way Industrial Estate within 1 mile of the A11
11 units totalling 1,244.07 sq m (13,390 sq ft)
Site area of approximately 0.35 hectares (0.86 acres) and site coverage 36%
Nearby occupiers include Hughes Service Centre, Boniface Engineering, TNT, CCF Insulation, Centurion Safety Products, Nissan, Kia, Ford and Volvo Truck & Bus

Lot 1
Auction 21st May 2020
Rent £39,200 per Annum Exclusive
Status Sold
Price £350,000
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction
On Behalf of Receivers

Property Information

Location

Miles: 13 miles north of Bury St Edmunds; 32 miles north-east of Cambridge; 30 miles south-east of Norwich
Roads: A1066, A134, A11
Rail: Thetford Railway Station
Air: Norwich International Airport

Situation

The property is located within the well established Fison Way Industrial Estate some 1.5 miles north of the town centre and within 1 mile of the A11 trunk road which leads to the M11 Motorway. Nearby occupiers include Hughes Service Centre, Boniface Engineering, TNT, CCF Insulation, Centurion Safety Products, Nissan, Kia, Ford and Volvo Truck & Bus.

Tenure

Long Leasehold. Held from Individuals (who hold an intermediate co-terminous lease from the freeholder being the local authority) for a term of 99 years less 7 days from 1st April 1983 at a current ground rent reserved of £14,500 per annum exclusive. The rent is reviewed every 7 years with the next review in 2025.

Location

Miles: 13 miles north of Bury St Edmunds; 32 miles north-east of Cambridge; 30 miles south-east of Norwich
Roads: A1066, A134, A11
Rail: Thetford Railway Station
Air: Norwich International Airport

Situation

Tenure

Description

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

VAT

VAT is applicable to this lot.

Note

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
1 & 2	Ground Floor	Industrial	217.40 sq m	(2,340 sq ft)	VACANT POSSESSION
3	Ground Floor	Industrial	108.70 sq m	(1,170 sq ft)	CARBON ME LTD	3 years from 01/07/2014	£4,500	Holding Over
4	Ground Floor	Industrial	108.70 sq m	(1,170 sq ft)	EAST ANGLIA SWIFT TRANSPORT LTD	5 years from 06/09/2017 (1)	£5,200	(05/09/2022)
5	Ground Floor	Industrial	108.81 sq m	(1,171 sq ft)	INDIVIDUAL t/a DKM Services	3 years from 01/07/2013 (2)	£4,500	Holding Over
6	Ground Floor	Industrial	108.64 sq m	(1,169 sq ft)	VACANT POSSESSION
7	Ground Floor	Industrial	108.70 sq m	(1,170 sq ft)	ONLINE LUBRICANTS LIMITED	5 years from and including 07/11/2016	£5,000	(06/11/2021)
8 & 9	Ground Floor	Industrial	216.92 sq m	(2,335 sq ft)	MANPOWER ELECTRICAL SERVICES LTD	6 years from 14/05/2018	£10,000	14/05/2021 (13/05/2024)
10 & 11	Ground Floor	Industrial	218.23 sq m 47.97 sq m	(2,349 sq ft) (516 sq ft)	ABLE CRANES LTD	5 years from 25/03/2019	£10,000	(24/03/2024)
Total			1,244.07 sq m	(13,390 sq ft)			£39,200

(1) As to unit 4, the tenant has not exercised their option to determine in June 2020.
(2) As to unit 5, the lease provides for an annual option to determine.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.