Freehold Modern Industrial / Trade Counter investment
Let to Stepgrades Motor Accessories Limited, trading as Viking International
Established industrial location close to the A1(M)
Excellent communication links north and south
Six Week Completion Period Available
Lot 31
Auction 8th December 2011
Rent £55,835 per Annum Exclusive
Status Withdrawn Post
Price
Sector Industrial, Warehouse
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
1 mile south of Newcastle upon Tyne, 10 miles south-west of Tynemouth, 11 miles north-west of Sunderland
Roads
A1(M), A184, A69
Rail
Dunston Station
Air
Newcastle International Airport
Situation
The Dunston Industrial Estate is situated three miles from the A1(M), between the Team Valley Industrial Estate and the Metro Centre, in a major and established industrial location. The property connects with Halifax Road, the main thoroughfare through the Dunston Industrial Estate. Occupiers nearby include Laidlaw, Sinemaster and Stephenson Cook.
Tenure
Freehold.
Location
Miles
1 mile south of Newcastle upon Tyne, 10 miles south-west of Tynemouth, 11 miles north-west of Sunderland
Roads
A1(M), A184, A69
Rail
Dunston Station
Air
Newcastle International Airport
Situation
The Dunston Industrial Estate is situated three miles from the A1(M), between the Team Valley Industrial Estate and the Metro Centre, in a major and established industrial location. The property connects with Halifax Road, the main thoroughfare through the Dunston Industrial Estate. Occupiers nearby include Laidlaw, Sinemaster and Stephenson Cook.
Tenure
Freehold.
Description
The property comprises a modern ground floor industrial trade counter unit of steel frame construction. The unit benefits from a large yard area fronting the property which in turn gives access to four dock levelling doors, two of which are accessed by a concrete ramp. The site area is approximately 0.58 hectares (1.45 acres) and a site coverage of some 24
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern ground floor industrial trade counter unit of steel frame construction. The unit benefits from a large yard area fronting the property which in turn gives access to four dock levelling doors, two of which are accessed by a concrete ramp. The site area is approximately 0.58 hectares (1.45 acres) and a site coverage of some 24
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Warehouse
1,209.88 sq m
(13,023 sq ft)
STEPGRADES MOTOR ACCESSORIES LIMITED (t/a Viking International) (1)
12 years from 25/03/2003 on a fully repairing and insuring lease
£55,835
25/03/2013
Ancillary
180.96 sq m
(1,948 sq ft)
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Totals
1,390.84 sq m
(14,971 sq ft)
£55,835
(1) For the year ending 31st October 2010, Stepgrades Motor Accessories Limited reported a turnover of £66,173,000, a pre-tax profit of £106,000 and a total net worth of £10,877,000.
