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
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.
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)
