Unit D, The Ridgeway Ridgeway Trading Estate Iver, Near Heathrow Buckinghamshire SL0 9HX

Unit D, The Ridgeway
Ridgeway Trading Estate
Iver, Near Heathrow
Buckinghamshire
SL0 9HX

Freehold Industrial Investment

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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Industrial Investment

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

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

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.