• Comprises 8 warehouse/production units in a secure and self-contained gated estate
Ideally located off the High Street with excellent access to M1 (Junction 39)
Fully occupied by tenants including Ginsters Ltd
Approximately 1,567.91 sq m (16,877 sq ft) and 0.36 hectares (0.89 acres)
Benefits from on site car parking, roller shutter doors and good eaves height
Six Week Completion Period Available
Lot 5
Auction 29th March 2012
Rent £74,154 per Annum Exclusive
Status Sold
Price £722,000
Sector Industrial, Warehouse
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
5 miles south of Wakefield 13 miles east of Huddersfield 16 miles south of Leeds
Roads
A636, M1 (Junction 39)
Rail
Wakefield Westgate
Air
Leeds Bradford International Airport
Situation
The property is situated in a prominent position off Dale Road East accessed via High Street and close to the A636. The estate benefits from excellent access to the M1 (Junction 39), M62 and surrounding trunk road network.
Tenure
Virtual Freehold. Virtual freehold. Held for a term of 999 years from 2nd September 1996 until 2995 at a peppercorn rent.
Location
Miles
5 miles south of Wakefield 13 miles east of Huddersfield 16 miles south of Leeds
Roads
A636, M1 (Junction 39)
Rail
Wakefield Westgate
Air
Leeds Bradford International Airport
Situation
The property is situated in a prominent position off Dale Road East accessed via High Street and close to the A636. The estate benefits from excellent access to the M1 (Junction 39), M62 and surrounding trunk road network.
Tenure
Virtual Freehold. Virtual freehold. Held for a term of 999 years from 2nd September 1996 until 2995 at a peppercorn rent.
Description
The property comprises a self contained estate of eight modern warehouse/production units arranged in 3 blocks around a central yard. Each unit benefits from a roller shutter door and a good eaves height. Some of the units also benefit from office accommodation.
VAT
VAT is applicable to this lot.
Viewings
There will be one internal block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a self contained estate of eight modern warehouse/production units arranged in 3 blocks around a central yard. Each unit benefits from a roller shutter door and a good eaves height. Some of the units also benefit from office accommodation.
VAT
VAT is applicable to this lot.
Viewings
There will be one internal block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/ (Reversion)
1
Industrial
137.77 sq m
(1,483 sq ft)
CRIME & FIRE DEFENCE SYSTEMS LTD
3 years from 24/02/2009
£6,458
Holding over
2
Industrial
167.41 sq m
(1,802 sq ft)
HEDLEY HYDRAULICS LTD
3 years from 20/05/2009
£8,109
(19/05/2012)
3
Industrial
171.68 sq m
(1,848 sq ft)
CMS MANAGEMENT SERVICES LLP
3 years from 06/09/2011 (1)
£7,392 (2)
(06/11/2011)
4 & 5
Industrial
352.01 sq m
(3,789 sq ft)
NIGEL INGHAM MOTOR ENGINEER LTD
3 years from 06/08/2010
£14,209 (3)
(05/08/2013)
6
Industrial
243.87 sq m
(2,625 sq ft)
CLP AIR HANDLING SYSTEMS LTD
5 years from 27/07/2010 (4)
£12,659
(26/07/2015)
7
Industrial
245.91 sq m
(2,647 sq ft)
CLP AIR HANDLING SYSTEMS LTD
5 years from 27/07/2010 (5)
£11,912
(26/07/2015)
8
Industrial
249.26 sq m
(2,683 sq ft)
GINSTERS (6)
24 years from 22/11/1989
£13,415
22/11/2010 (21/11/2013)
Totals
1,567.91 sq m
(16,877 sq ft)
£74,154
(1) Tenant option to determine (personal to the original tenant) on 6th March 2013 on providing 6 months’ written notice. (2) The rent is subject to a fixed increase to £8,316 p.a. on 6th September 2012. (3) The rent is subject to a fixed increase to £15,156 p.a on 6th August 2012. (4) The service charge is capped at £2,318 p.a. with annual uplift. (5) The service charge is capped at £2,182 p.a. with annual uplift. (6) Ginsters are a division of Samworth Brothers Ltd who for the year ending 1st January 2011, reported a turnover of £716,190,000, pre-tax profits of £45,128,000 and a net worth of £139,696,000. (Source: www.riskdisk.com 29/02/2012)
