Unit 2
Broadend Industrial Estate, Broadend Road
Wisbech
Cambridgeshire
PE14 7BQ

Freehold Industrial Investment

  • Let to Easypack/Pop Displays Group Limited with a guarantee from Fencor Packaging Group Limited
  • Approximately 10 year lease from February 2021 expiring December 2030 (no breaks)
  • Comprises a 22,133 sq ft warehouse - part of a larger parade occupied by the same tenant
  • Tenant recently expanded into both Units 2 & 3; both let on new unbroken 10 year leases from February 2021
  • Established Industrial Estate close to A47
  • Modest rent equating to £2.64 psf
  • Low capital value on Guide Price - £36 psf
  • Lot
    36
  • Auction
    16/Jun/2021
  • Rent
    £58,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £800,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees
Important Update
  • Unit 2<br>Broadend Industrial Estate, Broadend Road<br>Wisbech<br>Cambridgeshire<br>PE14 7BQ
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
1.5 miles east of Wisbech
12 miles south-west of Kings Lynn
22 miles east of Peterborough
Roads
A47, A1101
Rail
Air
London Stansted
Situation

Wisbech is an attractive market town approximately 22 miles east of Peterborough. The property is located 1.5 miles east of the town, on the north side of Broadend Road, just off the A47 in an established industrial location benefitting from excellent road connections with the A141 leading to A1(M). Nearby occupiers include 5 Star Cases & Stream Foods (part of Pepsico), Edwards Motorsport, Harrington Nurseries and Walsoken MOT's.

Tenure

Freehold.

Description

The property comprises a single storey, ground floor industrial unit/warehouse benefiting from a large covered canopy loading dock. The tenant also occupies Units 1 & 3 that do not form part of this sale. The tenant expanded into Units 2 & 3 as they required additional space having already been in occupation of Unit 1.

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.x
GroundWarehouse/
Industrial
2,056.21 sq m
(22,133 sq ft)
EASYPACK/POP
DISPLAYS GROUP
LIMITED with a
guarantee from
FENCOR
PACKAGING
GROUP LIMITED (1)
Approximately 10 years
from
24/02/2021 until
24/12/2030 on a full
repairing and
insuring lease (2)
£58,500
Total
2,056.21 sq m
(22,133 sq ft)
  £58,500

(1) Easypack Pop Displays is part of the Fencor Packaging Group Limited; a packaging business who are the UK's largest independent temporary 3D display manufacturer, with clients including Tesco and Marks & Spencer (www.easypack.co.uk). For the year ending 31/03/2020, Fencor Packaging Group Limited reported a turnover of £18,762,817, pre-tax profits of £1,006,824 and total assets of £11,186,333 (NorthRow 15/12/2020).
(2) The lease is full repairing and insuring, subject to a Schedule of Condition. The lease is drawn outside the Security of Tenure provisions of the 1954 Landlord & Tenant Act.

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
    07.06.21
    File Size
    52 MB
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  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    444 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    314 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
  • 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
Dunitz & Co 40 Margaret Street
London
W1G 0JH
020 7323 6600
James Dunitz 0207 486 8000james@dunitzandco.com
Seller's Solicitors
Hayes & Storr The Old County Court, County Court Road
Kings Lynn
Norfolk
PE30 5EJ
Laura Leventhall 01553 778910laura.leventhall@hayes-storr.com

Useful Links

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