Unit C1 Stafford Park 4 Telford Shropshire TF3 3BA

Unit C1 Stafford Park 4
Telford
Shropshire
TF3 3BA

Freehold Light Industrial Investment

Entirely let to Lockwell Electrical Distributors Ltd
Situated within the established Stafford Park Industrial Estate
Tenant in occupation for at least 15 years
Close to A464 dual carriageway, A442 and M54 Motorway (Junction 4)
Eight Week Completion

Lot
60
Auction
11th July 2013
Rent
£29,600 per Annum Exclusive
Status
Sold
Price
£245,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Light Industrial Investment

Entirely let to Lockwell Electrical Distributors Ltd
Situated within the established Stafford Park Industrial Estate
Tenant in occupation for at least 15 years
Close to A464 dual carriageway, A442 and M54 Motorway (Junction 4)
Eight Week Completion

Lot 60
Auction 11th July 2013
Rent £29,600 per Annum Exclusive
Status Sold
Price £245,000
Sector
Industrial, Warehouse
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 1.2 miles east of Telford Town Centre,17 miles east of Shrewsbury, 17 miles north-west of Wolverhampton
Roads: M54 (Junction 4), A464, A442, A5
Rail: Telford Central Rail
Air: Birmingham Airport

Situation

The property is situated on the southern side of Stafford Park 4 within the established Stafford Park Industrial Estate. Located 1.2 miles east of the town centre, and with easy access to the A464 dual carriageway, A442 and M54 Motorway (Junction 4), Stafford Park Industrial Estate is one of Telford’s most popular commercial/industrial locations.

Tenure

Virtual Freehold. Held from Telford Development Corporation for a term of 999 years from 11th June 1985 at a peppercorn rent.

Location

Miles: 1.2 miles east of Telford Town Centre,17 miles east of Shrewsbury, 17 miles north-west of Wolverhampton
Roads: M54 (Junction 4), A464, A442, A5
Rail: Telford Central Rail
Air: Birmingham Airport

Situation

Tenure

Virtual Freehold. Held from Telford Development Corporation for a term of 999 years from 11th June 1985 at a peppercorn rent.

Description

The property comprises a ground floor light industrial unit of approximately 414.34 sq m (4,460 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 414.34 sq m (4,460 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	414.34 sq m	(4,460 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	£29,600	24/06/2016
Totals		414.34 sq m	(4,460 sq ft)			£29,600

(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)