Travis Perkins Gilwilly Industrial Estate Penrith Cumbria CA11 9BL

  • Travis Perkins<br>Gilwilly Industrial Estate<br>Penrith<br>Cumbria<br>CA11 9BL

Travis Perkins
Gilwilly Industrial Estate
Penrith
Cumbria
CA11 9BL

Well Located Trade Counter Investment

  • Let to Travis Perkins (Properties) Ltd until November 2031 (No Breaks)
  • Dec 2026 upward only rent review to a minimum of 3% per annum compounded
  • Rent rising to a minimum of £115,927.41 in 2026
  • Tenant option to renew for 25 years (2)
  • Gross Internal Floor Area of 2,557.10 sq m (27,525 sq ft)
  • Approx. site area of 0.77 Ha (1.90 Acres)
  • Established Trade Counter/Industrial Estate Location
  • Future option to purchase Freehold for £1 (see legal pack)
  • Lot
    31
  • Auction
    25th September 2024
  • Rent
    £100,000 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    Trade Counter
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Investment Manager
  • Expand
  • Photos
  • Map

Well Located Trade Counter Investment

  • Let to Travis Perkins (Properties) Ltd until November 2031 (No Breaks)
  • Dec 2026 upward only rent review to a minimum of 3% per annum compounded
  • Rent rising to a minimum of £115,927.41 in 2026
  • Tenant option to renew for 25 years (2)
  • Gross Internal Floor Area of 2,557.10 sq m (27,525 sq ft)
  • Approx. site area of 0.77 Ha (1.90 Acres)
  • Established Trade Counter/Industrial Estate Location
  • Future option to purchase Freehold for £1 (see legal pack)
  • Lot 31
  • Auction 25th September 2024
  • Rent £100,000 per Annum Exclusive
  • Status Available
  • Guide* Contact Us
  • Sector
    Trade Counter
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Investment Manager

Property Information

Location
Miles
16 miles south of Carlisle, 42 miles north of Lancaster
Roads
A66, M6 (J40)
Rail
Penrith Railway Station
Air
Newcastle Airport
Situation

The property is well located on the northern side of Gilwilly Road, situated within the well established Gilwilly Industrial Estate, benefitting from immediate access to the M6 (J40) via the A592. Nearby occupiers include Screwfix, Toolstation, Booths, Morrisons and a number of trade suppliers, distribution providers and vehicle repair shops.

Tenure

Long Leasehold. Held for a term of 200 years from 01/12/2006 at a peppercorn ground rent. The lease provides an option to purchase the Freehold for £1 + VAT, subject to conditions being satisfied. Please refer to the legal pack for further information.

Location
Miles
16 miles south of Carlisle, 42 miles north of Lancaster
Roads
A66, M6 (J40)
Rail
Penrith Railway Station
Air
Newcastle Airport
Situation

The property is well located on the northern side of Gilwilly Road, situated within the well established Gilwilly Industrial Estate, benefitting from immediate access to the M6 (J40) via the A592. Nearby occupiers include Screwfix, Toolstation, Booths, Morrisons and a number of trade suppliers, distribution providers and vehicle repair shops.

Tenure

Long Leasehold. Held for a term of 200 years from 01/12/2006 at a peppercorn ground rent. The lease provides an option to purchase the Freehold for £1 + VAT, subject to conditions being satisfied. Please refer to the legal pack for further information.

Description

The property comprises a site of 0.77 Ha (1.90 Acres) upon which sit three separate trade counter / warehouse buildings and yard areas. The buildings have a total gross internal floor area of approximately 2,557.10 sq m (27,525 sq ft), and the property benefits from a low site coverage of approximately 30%.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

The property comprises a site of 0.77 Ha (1.90 Acres) upon which sit three separate trade counter / warehouse buildings and yard areas. The buildings have a total gross internal floor area of approximately 2,557.10 sq m (27,525 sq ft), and the property benefits from a low site coverage of approximately 30%.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Approx Gross Internal Floor Area sq m Approx Gross Internal Floor Area sq ft Tenant Term Rent p.a.x. Rent Review
Warehouse 1



Warehouse 2


Warehouse 3
Ground
Mezzanine
First

Ground
Mezzanine

Ground
Trade Counter/Warehouse
Ancillary
Office

Trade Counter/Warehouse
Ancillary

Trade Counter/Warehouse
1,586.40
81.10
47.80

182.10
90.80

568.90
(17,076)
(873)
(515)

(1,960)
(977)

(6,124)
TRAVIS PERKINS
(PROPERTIES) LTD
(CRN:00468024)
(1)
25 years from 01/12/2006
until 30/11/2031 on a full
repairing and insuring
lease (subject to a
schedule of condition)
(2)
£100,000
01/12/2026
(3)
Total    
2,557.10
(27,525)
   
£100,000
 

(1) Travis Perkins (Properties) Ltd is wholly owned by Travis Perkins PLC. Travis Perkins is the UK's largest distributor of building materials with a network of over 500 branches and has been helping build Britain for over 200 years (www.travisperkinsplc.co.uk).
(2) The lease provides the tenant an option to renew the lease on expiry for a further 25 years at market rent, but otherwise on identical lease terms including the rent review basis. Full information is available within the legal pack.
(3) The rent reviews are upwards only to the higher of two thirds of Market Rent (as defined in the lease) or the annual rent payable increased by 3% per annum compounded annually. For further information please refer to the lease available 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
    30.09.24
    File Size
    33 MB
    Login to View
  • Brochure
    Updated Date
    30.09.24
    File Size
    3 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
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Shepherd and Wedderburn LLP Octagon Point, St Paul's
5 Cheapside
London
EC2V 6AA
Gabby Ives +44 (0)20 7429 4956gabby.ives@shepwedd.com  Jonathan Rickard +44 (0)207 429 4949jonathan.rickard@shepwedd.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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