Fixed rental uplifts linked to the higher market rent or RPI
Established industrial estate location
Includes parking for approximately 20 cars
Major nearby occupiers include SCA, Hammerite and Thompsons of Prudhoe
6 Week Completion Available
Lot 47
Auction 18th October 2012
Rent £33,150 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Industrial, Warehouse
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
10 miles east of Hexham, 10 miles west of Newcastle-upon-Tyne
Roads
A695, A1, A1(M)
Rail
Prudhoe Rail Station (direct to Middlesbrough, Newcastle and Glasgow Central)
Air
Newcastle International Airport
Situation
The property is situated in Prudhoe, an affluent suburb in the Tyne Valley, located approximately 10 miles from Newcastle city centre. The site is predominantly industrial and is to the north of the town centre, fronting onto Station Road. The property is approximately 50 metres from the station.
Tenure
Freehold.
Location
Miles
10 miles east of Hexham, 10 miles west of Newcastle-upon-Tyne
Roads
A695, A1, A1(M)
Rail
Prudhoe Rail Station (direct to Middlesbrough, Newcastle and Glasgow Central)
Air
Newcastle International Airport
Situation
The property is situated in Prudhoe, an affluent suburb in the Tyne Valley, located approximately 10 miles from Newcastle city centre. The site is predominantly industrial and is to the north of the town centre, fronting onto Station Road. The property is approximately 50 metres from the station.
Tenure
Freehold.
Description
The property is a modern, single storey warehouse. The property comprises office accommodation and staff rooms and benefits from an eaves height of approximately 3.95m (12ft 11in) accessed through a single loading door. In addition, the property comprises a mezzanine used for ancillary storage. Externally there is parking for approximately 20 cars.
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 is a modern, single storey warehouse. The property comprises office accommodation and staff rooms and benefits from an eaves height of approximately 3.95m (12ft 11in) accessed through a single loading door. In addition, the property comprises a mezzanine used for ancillary storage. Externally there is parking for approximately 20 cars.
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
Mezzanine
Warehouse and ancillary accommodation
Ancillary
486.92 sq m
129.05 sq m
(5,241 sq ft)
(1,389 sq ft)
FUZZWIRELIMITED (1)
20 years from 12/10/2006 until 11/10/2026 on a fully repairing and insuring lease
£33,150
11/10/2016 and 5 yearly (2)
Totals
615.97 sq m
(6,630 sq ft)
£33,150
(1) Fuzzwire is the UK’s leading provider of 3D design and display for shopping centres in the UK and around the world. The company was born from the merger of the sector’s two major players: Centre Design and LDJ Design and Display. Today, Fuzzwire has built an international client list that includes more than 150 of the biggest and busiest retail centres across the World (Source: www.fuzzwire.com (17/09/2012). For the year ending 31/12/2010, Fuzzwire Limited reported a turnover of £5,011,983, a pre-tax profit of £131,145 and a total net worth of £1,912,635. (Source www.riskdisk.com (13/07/2012) (2)The lease provides for fixed uplifts linked to the greater of RPI or Open Market Rental Value.
