Travis Perkins
Unit 1 Beevor Industrial Estate
Barnsley
South Yorkshire
S71 1HN

Well Located Trade Counter Investment

  • Entirely let to Travis Perkins (Properties) Limited
  • 25 year lease expiring in November 2031 (no breaks)
  • Established trade location within Beevor Industrial Estate
  • 716.20 sq m (7,709 sq ft) Trade Counter unit on large site of approximately 1.89 acres (0.77 ha)
  • Very low site coverage of approximately 8.46%
  • Rent reviewed 5 yearly to the higher of two-thirds of Market Rent or 3% pa compounded annually
  • Rent rising to a minimum of £57,866 pa in December 2025 and a minimum of £67,082 pa in December 2030
  • Lot
    7
  • Auction
    25/Mar/2021
  • Rent
    £49,916 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Trade Counter
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Asset Manager
Important Update
  • Travis Perkins<br>Unit 1 Beevor Industrial Estate<br>Barnsley<br>South Yorkshire<br>S71 1HN
  • Expand
  • Photos
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* More information on the term "price" can be found here

Property Information

Location
Miles
14 miles north of Sheffield
20 miles south of Leeds
Roads
A628, M1 (J37)
Rail
Barnsley Interchange
Air
Doncaster/Sheffield Airport
Situation

The South Yorkshire town of Barnsley is a large commercial centre, located approximately 14 miles north of Sheffield and 20 miles south of Leeds. The property benefits from excellent road connections with access to J37 of the M1 motorway just two miles to the west. The property is located within the well established Beevor Industrial Estate, accessed from Pontefract Road (A628), approximately 1.5 miles east of Barnsley town centre. Nearby occupiers on Beevor Industrial Estate include Barnsley Auto Centre, SDL Minorfern, Palmer Civil Engineers, Yorkshire Industrial Tyres and Tyke Racing.

Tenure

Long Leasehold. 200 years from 1st December 2006 at a peppercorn rent. The Freehold Interest can be purchased for £1+VAT, subject to conditions being satisfied. Please refer to the legal pack for further information.

Description

The property comprises a large, single storey detached warehouse which has been sub-divided into trade counter/showroom, office, warehouse, mezzanine storage and ancillary accommodation. The property benefits from a roller shutter door and extensive concrete hard standing yard used for external storage and customer parking. There are a further two out-buildings within the yard used for additional storage (including a Tempa Store) and are not included in the rentalised area. The total site extends to some 1.89 acres (0.77 ha), resulting in a very low site coverage of approximately 8.46%.

VAT

VAT is applicable to this lot.

EPC

D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseGross Internal Floor Areas
(Approx)
TenantTermRent p.a.xReview
Ground
Mezzanine
Warehouse
Ancillary
647.10 sq m
69.10 sq m
(6,965 sq ft)
(744 sq ft)
TRAVIS PERKINS
(PROPERTIES)
LIMITED (1) t/a
Travis Perkins
25 years from
01/12/2006 until
30/11/2031 on a full
repairing and insuring
lease (2)
£49,91601/12/2020 (3)
01/12/2025
01/12/2030 (4)
Total
716.20 sq m
(7,709 sq ft)
  £49,916 

(1) For the year ending 31/12/2019, Travis Perkins (Properties) Limited reported a turnover of £68,000,000, pre-tax profits of £31,000,000 and shareholder's funds of £290,400,000 (NorthRow 03/03/2021).
Established over 200 years ago, Travis Perkins is one of the largest suppliers of building materials to the UKs building and construction industry. Travis Perkins operate from over 560 branches and 300 tool-hire outlets. (travisperkins.co.uk)
(2) The lease is subject to a Schedule of Condition.
(3) The rent is reviewed to the higher of two-thirds of Market Rent or a 3% pa compounded increase. Whilst the rent due from the December 2020 rent review date has been increased to the minimum 3% pa compounded, the purchaser may still be able to negotiate a higher rent due to the December 2020 review being outstanding.
(4) The lease further benefits from minimum fixed increases in rent to £57,866 pa in December 2025 and £67,082 pa in December 2030.

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

  • Solicitors Legal Pack
    Updated Date
    12.03.21
    File Size
    49 MB
    Login to View
  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    05.03.21
    File Size
    751 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 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
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
HSM Chartered Surveyors 115 Mount Street
London
W1K 3NQ
020 7629 2040
Paul Yeadon 07711 454410cpy@hsmuk.com
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP Cannon Place, 78 Cannon Street
London
EC4N 6AF
Thomas Neale 020 7367 3318thomas.neale@cms-cmno.com

Useful Links

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