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    Withdrawn Prior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
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • Status Withdrawn Prior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

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.

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

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.

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    577 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Machins Solicitors LLP Victoria Street
Luton
Bedfordshire
LU1 2 BS
Jon Alvarez 01582 514 310jon.alvarez@machins.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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