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
    23/Sep/2020
  • Rent
    £241,750 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • SIG Roofing<br>5 Harding Way<br>St Ives<br>Cambridgshire<br>PE27 3WR
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(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)
£95,00026/10/2023
(26/10/2028 (2))
GroundOffice241.82 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

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
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Machins Solicitors LLP Victoria Street
Luton
Bedfordshire
LU1 2 BS
Jon Alvarez 01582 514 310jon.alvarez@machins.co.uk

Useful Links

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