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

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
16th June 2021
Rent
£58,500 per Annum Exclusive
Status
Sold
Price
£790,000
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Important Update Interested?

Expand
Photos
Map

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 16th June 2021
Rent £58,500 per Annum Exclusive
Status Sold
Price £790,000
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction
On Behalf of Trustees

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.

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

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.

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground	Warehouse/ 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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.