Entirely let to Travis Perkins Trading Company Limited
New 7 year lease from March 2022 (subject to option) (2)
Approximately 7,400 sq ft
Park recently constructed in 2022
Popular industrial trading location
Nearby occupiers include Volkswagen, Ford, Toyota, Land Rover, Audi, BMW, Screwfix, Halfords, Subway and KFC
Lot 12
Auction 30th March 2023
Rent £84,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Industrial/Warehouse
Auction Venue Live Streamed Auction
Property Information
Location
Miles
40 miles south of Bristol, 47 miles north east of Exeter, 50 miles north west of Bournemouth
Roads
A37, A303, A359, M5
Rail
Yeovil Pen Mill
Air
Exeter Airport and Bristol Airport
Situation
The property is situated in Glenmore Business Park, a new development of 42 units in a landscaped setting in an established commercial area in Yeovil. The property is situated close to Yeovil town centre and within easy reach of the A37, A303 and the M5. Other occupiers on the Park include Atik Flooring Solutions, GSF Car Parts, and Atlantas Marine with other nearby occupiers include Volkswagen, Ford, Toyota, Land Rover, Audi, BMW, Screwfix, Halfords, Travis Perkins, Subway and KFC.
Tenure
Freehold.
Location
Miles
40 miles south of Bristol, 47 miles north east of Exeter, 50 miles north west of Bournemouth
Roads
A37, A303, A359, M5
Rail
Yeovil Pen Mill
Air
Exeter Airport and Bristol Airport
Situation
The property is situated in Glenmore Business Park, a new development of 42 units in a landscaped setting in an established commercial area in Yeovil. The property is situated close to Yeovil town centre and within easy reach of the A37, A303 and the M5. Other occupiers on the Park include Atik Flooring Solutions, GSF Car Parts, and Atlantas Marine with other nearby occupiers include Volkswagen, Ford, Toyota, Land Rover, Audi, BMW, Screwfix, Halfords, Travis Perkins, Subway and KFC.
Tenure
Freehold.
Description
The property comprises a warehouse arranged on the ground and first floors, with 6m eaves height and two roller shutter loading doors. The tenant has the right to use 12 car parking spaces.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B
Description
The property comprises a warehouse arranged on the ground and first floors, with 6m eaves height and two roller shutter loading doors. The tenant has the right to use 12 car parking spaces.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (GIA)
Floor Areas Approx sq ft (GIA)
Tenant
Term
Rent p.a.x.
Rent Review
Ground First (12 car parking spaces)
Warehouse Warehouse
456.25 231.70
(4,911) (2,494)
TRAVIS PERKINS TRADING COMPANY LIMITED (t/a Travis Perkins) (1)
7 years and 1 month from 31/03/2022 on a full repairing and insuring lease
£84,000
31/03/2027
Total
687.95
(7,405)
£84,000
(1) For the year ending 31st December 2021, Travis Perkins Trading Company Ltd reported an annual turnover of £2,415,400,000, a pre-tax profit of £178,300,000 and a net worth of £669,000,000. (www.northrow.com) (2) The lease is subject to a tenant only option to determine on 30/09/2025 and 30/09/2027.
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.
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