Prominent Roadside Freehold Builders Merchant Investment Opportunity on 3.9 Acres
Prominent Roadside Location on A4036
Let to SIG trading Limited
Site area 3.9 Acres with 30% site coverage
Comprises 50,436 sq ft Warehouse & Office Accommodation
Nearby occupiers include Jewson, Travis Perkins, Screwfix and SSE Pipefittings
Lot 7
Auction 23rd September 2020
Rent £135,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
Property Information
Location
Miles
3 miles north of Stourbridge
7 miles south of Wolverhampton
13 miles west of Central Birmingham
Roads
A4036 (Merry Hill), A458, M5
Rail
Cradley Heath
Air
Birmingham International Airport
Situation
Dudley is a large industrialised market town and the administrative centre of the West Midlands, approximately 13 miles west of central Birmingham. The property is located in a prominent position on the east side of the busy A4036 opposite its junction with The Gateway, in a predominantly industrial area. The M5 motorway is 5 miles to the east. Nearby occupiers include Jewson, Travis Perkins, Screwfix and SSE Pipefittings amongst others.
Tenure
Freehold.
Location
Miles
3 miles north of Stourbridge
7 miles south of Wolverhampton
13 miles west of Central Birmingham
Roads
A4036 (Merry Hill), A458, M5
Rail
Cradley Heath
Air
Birmingham International Airport
Situation
Dudley is a large industrialised market town and the administrative centre of the West Midlands, approximately 13 miles west of central Birmingham. The property is located in a prominent position on the east side of the busy A4036 opposite its junction with The Gateway, in a predominantly industrial area. The M5 motorway is 5 miles to the east. Nearby occupiers include Jewson, Travis Perkins, Screwfix and SSE Pipefittings amongst others.
Tenure
Freehold.
Description
The property comprises a large ground floor warehouse, together with office accommodation as well as a secondary, smaller warehouse on a site of 3.9 acres.
VAT
VAT is applicable to this lot.
EPC
Band C. See legal pack at www.acuitus.co.uk
Description
The property comprises a large ground floor warehouse, together with office accommodation as well as a secondary, smaller warehouse on a site of 3.9 acres.
VAT
VAT is applicable to this lot.
EPC
Band C. See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Gross Internal Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Warehouse Office Warehouse 2
3,884 sq m 281 sq m 520 sq m
(41,812 sq ft) (3,030 sq ft) (5,592 sq ft))
SIG TRADING LIMITED (1)
12 years from 08/03/2011 expiring 07/03/2023 on a full repairing and insuring lease subject to a schedule of condition
£135,000
07/03/2023
Total
4,685.49 sq m
(50,436 sq ft)
£135,000
(1) For the year ending 31st December 2018, SIG Trading Limited reported a turnover of 1,112,000,000, pre-tax profits of 2,000,000 and shareholders funds of 260,000,000 (source: SmartSearch 06/08/2020).SIG trades from 425 trading sites across the UK and Ireland and Mainland Europe. (Source: www.sigplc.com)
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.
Contacts
Seller's Solicitors
Machins Solicitors LLP Victoria Street Luton Bedfordshire LU1 2 BS
