Land on the North Side of Bakewell Road, Orton Enterprise Centre, Southgate, Peterborough PE2 6XU

  • Land on the North Side of Bakewell Road,<br>Orton Enterprise Centre, Southgate,<br>Peterborough<br>PE2 6XU

Land on the North Side of Bakewell Road,
Orton Enterprise Centre, Southgate,
Peterborough
PE2 6XU

Freehold Very Long-Let Industrial and Office Investment

  • Entirely let to Bakewell Road High-Tech Management Company Limited until December 2109 (85 years unexpired - No breaks)
  • Comprises unbroken parade of 26 Industrial and Office units (sublet to various occupiers) on site of Approx. 0.89 Hectares (2.03 Acres), with about 55 car parking spaces
  • 10-yearly RPI-linked Rent Reviews - next Rent Review December 2024 (1)
  • Established Industrial and Commercial location, close to A1(M) (Junction 17)
  • Adjacent to Bakewell Business Park and Brightfield Business Hub
  • Nearby occupiers include Amazon, Virgin Media, Royal Mail, Compare The Market, Yodel, BGL Group, Lidl and Paragon
  • Lot
    11
  • Auction
    25th September 2024
  • Rent
    £73,370 per Annum Exclusive
    (1)
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    Ground Rent
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Freehold Very Long-Let Industrial and Office Investment

  • Entirely let to Bakewell Road High-Tech Management Company Limited until December 2109 (85 years unexpired - No breaks)
  • Comprises unbroken parade of 26 Industrial and Office units (sublet to various occupiers) on site of Approx. 0.89 Hectares (2.03 Acres), with about 55 car parking spaces
  • 10-yearly RPI-linked Rent Reviews - next Rent Review December 2024 (1)
  • Established Industrial and Commercial location, close to A1(M) (Junction 17)
  • Adjacent to Bakewell Business Park and Brightfield Business Hub
  • Nearby occupiers include Amazon, Virgin Media, Royal Mail, Compare The Market, Yodel, BGL Group, Lidl and Paragon
  • Lot 11
  • Auction 25th September 2024
  • Rent £73,370 per Annum Exclusive (1)
  • Status Available
  • Guide* Contact Us
  • Sector
    Ground Rent
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
37 miles north-west of Cambridge, 37 miles north-east of Luton, 39 miles east of Leicester, 55 miles south-east of Nottingham
Roads
A1(M) (Junction 17), A47, A605, A1139
Rail
Peterborough Railway Station
Air
London Luton Airport
Situation

Orton Enterprise Centre is prominently located in an established industrial and commercial location, to the north of Bakewell Road, adjacent to both Bakewell Business Park and Brightfield Business Hub. The property benefits from excellent communication links being within close proximity to A1(M) (Junction 17) and A1139. Nearby occupiers include Amazon, Virgin Media, Royal Mail, Compare The Market, Yodel, BGL Group, Lidl and Paragon.

Tenure

Freehold.

Location
Miles
37 miles north-west of Cambridge, 37 miles north-east of Luton, 39 miles east of Leicester, 55 miles south-east of Nottingham
Roads
A1(M) (Junction 17), A47, A605, A1139
Rail
Peterborough Railway Station
Air
London Luton Airport
Situation

Orton Enterprise Centre is prominently located in an established industrial and commercial location, to the north of Bakewell Road, adjacent to both Bakewell Business Park and Brightfield Business Hub. The property benefits from excellent communication links being within close proximity to A1(M) (Junction 17) and A1139. Nearby occupiers include Amazon, Virgin Media, Royal Mail, Compare The Market, Yodel, BGL Group, Lidl and Paragon.

Tenure

Freehold.

Description

The property comprises 26 industrial and office units on a site area of 0.89 Hectares (2.03 Acres). The property benefits from approximately 55 car parking spaces to the front. There is an estate road which provides access to the rear of each unit.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC's will be available to view online in the solicitor’s legal pack.

Description

The property comprises 26 industrial and office units on a site area of 0.89 Hectares (2.03 Acres). The property benefits from approximately 55 car parking spaces to the front. There is an estate road which provides access to the rear of each unit.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC's will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Site Area Use Tenant Term Rent p.a.x. Rent Review
0.89 Ha (2.03 acres) Industrial & Office BAKEWELL ROAD
HIGH-TECH MANAGEMENT
COMPANY LIMITED
125 years from 25/12/1984
£73,370 (1)
25/12/2024 (1) and 10-yearly thereafter

(1) Under the terms of the lease, the tenant currently pays a rent of £55,000 p.a.x. The rent is reviewed 10-yearly on an upwardly only basis (next rent review December 2024), by way of a formula based on the "all items" index figure for the index of retail prices between (for the 2024 review) the index number from October 2019 and the index number for October 2024. The same formula applies for each subsequent rent review in the lease. The "all items" figure in October 2019 was 290.40, and the last "all items" index figure issued in July 2024 was 387.50, meaning a 33.4% increase over the last 5 years. The rent therefore should increase from £55,000 p.a.x. to £73,370 p.a.x. on 25/12/2024 but the new rent from December 2024 cannot be calculated until the "all items" index figure of Retail Prices for October 2024 is released - please see lease and Deed of Variation in the legal pack.

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    13.09.24
    File Size
    33 MB
    Login to View
  • Brochure
    Updated Date
    17.09.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Seller's Solicitors
Hamlins LLP 1 Kingsway
London
WC2B 6AN
John Leasure +44 (0) 20 7355 6073john.leasure@hamlins.com  Maya Kuchhadiya +44 (0) 20 7355 6073maya.kuchhadiya@hamlins.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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