Let to BN Group Limited until 2027 from March 2012
Established industrial estate
Strong communication links via M25, M4, M40 and London Heathrow Airport
The property is held in a Single Purpose Vehicle (SPV) which could be available under separate negotiation
Six Week Completion Available
Lot 24
Auction 29th March 2012
Rent £95,000 per Annum Exclusive
Status Sold
Price £895,000
Sector Industrial, Warehouse
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
16 miles west of London, 4 miles east of Slough, 4 miles south-west of Uxbridge
Roads
M25, M4, M40, A4
Rail
Iver Rail, West Drayton Rail
Air
London Heathrow Airport (4 miles)
Situation
The property is situated on the established Ridgeway Trading Estate, less than a mile south of Iver, which has strong communications via the M25, M4, M40 and Heathrow Airport. Nearby occupiers include TNT, Nationwide Access, Flexpac and Cummins.
Tenure
Freehold.
Location
Miles
16 miles west of London, 4 miles east of Slough, 4 miles south-west of Uxbridge
Roads
M25, M4, M40, A4
Rail
Iver Rail, West Drayton Rail
Air
London Heathrow Airport (4 miles)
Situation
The property is situated on the established Ridgeway Trading Estate, less than a mile south of Iver, which has strong communications via the M25, M4, M40 and Heathrow Airport. Nearby occupiers include TNT, Nationwide Access, Flexpac and Cummins.
Tenure
Freehold.
Description
The property comprises an end of terrace modern industrial unit with warehouse and integral office accommodation. The unit benefits from an eaves height of 7.50 metres and 26 car parking spaces.
Six Week Completion Available
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 an end of terrace modern industrial unit with warehouse and integral office accommodation. The unit benefits from an eaves height of 7.50 metres and 26 car parking spaces.
Six Week Completion Available
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
First
Warehouse, Office and Ancillary
Office and Ancillary
964.80 sq m 80.82 sq m
(10,385 sq ft) (870 sq ft)
BN GROUP LIMITED (1) (2)
15 years from 03/2012 until 2027 on a full repairing and insuring lease
£95,000
2017 and 2022
Totals
1,045.62 sq m
(11,255 sq ft)
£95,000
(1) Britten Norman was formed more than 50 years ago as a specialist in aircraft modifications. Today the company is a thriving international aerospace company with a broad range of aviation interests centred around its manufacturing operation. The company has seven sites in the UK as well as operations in the USA and Australia. (Source: www.britten-norman.com 05/03/2012) For the year ending 31st March 2010, BN Group Limited reported a turnover of £20,675,000, pre-tax profit of £276,000 and total net worth of £6,038,000. (Source: www.riskdisk.com 05/03/2012)
(2) The lease will be subject to a 6 month rent deposit.
