Entirely let to Lockwell Electrical Distributors Ltd
Situated within the establishedNorthway Trading Estate
Tenant in occupation for at least 15 years
Just off the A45 and within 1 kilometre of the M5 (Junction 9)
Eight Week Completion
Lot 45
Auction 11th July 2013
Rent £13,500 per Annum Exclusive
Status Sold
Price £160,000
Sector Industrial/Warehouse
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2.4 miles east of Tewkesbury Town Centre,10 miles north of Cheltenham, 13.6 miles north from Gloucester
Roads
A46, A438, M5 (Junction 9)
Rail
Ashchurch for Tewkesbury Rail
Air
Birmingham Airport
Situation
The property is situated on the eastern side of Northway Lane within the established Northway Trading Estate. Located just off the A45 and approximately 1 kilometre from the M5 Motorway (Junction 9). Northway Trading Estate houses a range of business sectors including engineering, manufacturing, garage services and gym facilities.
Tenure
Freehold.
Location
Miles
2.4 miles east of Tewkesbury Town Centre,10 miles north of Cheltenham, 13.6 miles north from Gloucester
Roads
A46, A438, M5 (Junction 9)
Rail
Ashchurch for Tewkesbury Rail
Air
Birmingham Airport
Situation
The property is situated on the eastern side of Northway Lane within the established Northway Trading Estate. Located just off the A45 and approximately 1 kilometre from the M5 Motorway (Junction 9). Northway Trading Estate houses a range of business sectors including engineering, manufacturing, garage services and gym facilities.
Tenure
Freehold.
Description
The property comprises a ground floor light industrial unit of approximately 201.60 sq m (2,170 sq ft).
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 comprises a ground floor light industrial unit of approximately 201.60 sq m (2,170 sq ft).
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
Review
Ground
Trade Counter
201.60 sq m
(2,170 sq ft)
LOCKWELL ELECTRICAL DISTRIBUTORS LTD (1)
6 years 3 months from 24/06/2013 until 23/09/2019 on a full repairing and insuring lease
£13,500
24/06/2016
Totals
201.60 sq m
(2,170 sq ft)
£13,500
1) For the year ending 31st January 2012, Lockwell Electrical Distributors Ltd reported a turnover of £21,202,061, pre-tax profits of £434,166 and a total net worth of £2,985,238. (Source: www.riskdisk.com 10/06/2013)
