SIG Roofing 5 Harding Way St Ives Cambridgshire PE27 3WR

SIG Roofing
5 Harding Way
St Ives
Cambridgshire
PE27 3WR

Major Builders Merchants/Distribution Warehouse Investment

Prominent location in well established trade counter/industrial location
Majority let to SIG Trading Limited
Warehouse & Office of 61,539 sq ft
Site Area of 4 Acres with 30% site coverage
6 miles from the A1/A14 interchange
VAT-free investment

Lot
17
Auction
23rd September 2020
Rent
£241,750 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

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Major Builders Merchants/Distribution Warehouse Investment

Prominent location in well established trade counter/industrial location
Majority let to SIG Trading Limited
Warehouse & Office of 61,539 sq ft
Site Area of 4 Acres with 30% site coverage
6 miles from the A1/A14 interchange
VAT-free investment

Lot 17
Auction 23rd September 2020
Rent £241,750 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 1 mile north of St Ives Town Centre; 6 miles east of Huntingdon; 6 miles from the A1/A14 interchange; 14 miles north-west of Cambridge; 39 miles east of Northampton and the M1 Motorway
Roads: A1 (M), A14, A141, A10
Rail: Swavesey & Huntingdon Railway Stations
Air: London Stansted, Heathrow and Gatwick

Situation

St Ives is an affluent market town in Cambridgeshire, 6 miles east of Huntingdon and 14 miles north-west of Cambridge. The town benefits from good road links being 6 miles east of the A1/A14 interchange and 39 miles from the M1 motorway. The property is located on Harding Way close to its junction with Somersham Road and the A1123. The A1123 connects Huntingdon to the west with Ely in the east. The property is in a predominantly industrial area approximately 1 mile north of St Ives town centre. Nearby occupiers include HSS Hire, Screwfix and a number of local traders.

Tenure

Freehold.

Location

Miles: 1 mile north of St Ives Town Centre; 6 miles east of Huntingdon; 6 miles from the A1/A14 interchange; 14 miles north-west of Cambridge; 39 miles east of Northampton and the M1 Motorway
Roads: A1 (M), A14, A141, A10
Rail: Swavesey & Huntingdon Railway Stations
Air: London Stansted, Heathrow and Gatwick

Situation

Tenure

Freehold.

Description

The property comprises ground and first floor office accommodation together with warehouses, in total providing over 60,000 sq ft, on a site of 4 Acres with an approximate site coverage of 30%. There is on site car parking and a large yard. Unit 5A comprises office accommodation on ground and first floors together with 2 ground floor warehouses. Unit 5B comprises 3 ground floor warehouses with mezzanine. Unit 5C comprises ground floor office accommodation.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground First	Warehouse/Office Office	1,366.01 sq m 783.43 sq m	(14,704 sq ft) (8,433 sq ft)	SIG Trading LIMITED (1)	12 years from 23/12/2010	£146,750	(22/12/2022)
Ground Mezzanine	Warehouse Office	3,013.88 sq m 311.86 sq m	(32, 442 sq ft) (3,357 sq ft)	SIG Trading LIMITED (1)	10 years from 23/12/2010 (2)	£95,000	26/10/2023 (26/10/2028 (2))
Ground	Office	241.82 sq m	(2,603 sq ft)	Vacant (3)
Totals		5,717.00 sq m	(61,539 sq ft)			£241,750

(1) For the year ending 31st December 2018, SIG Trading Limited reported a turnover of 1,112,000,000, a pre-tax profit of 2,000,000 and shareholder funds of 260,000,000 (Source: SmartSearch 05/08/2020). SIG trades from 425 trading sites across the UK and Ireland and Mainland Europe. (Source: www.sigplc.com)
(2) The lease provides for a tenants option to determine on 26/10/2023 upon 6 months notice.
(3) The tenant has only recently vacated the property and previously let at 20,000 per annum.

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.