PRIME REVERSIONARY INDUSTRIAL INVESTMENT – Producing £32,000 pa

Modern mid-terrace industrial warehouse unit with offices extending to approximately 5,668 sq.ft. (527 m2). The unit is of steel portal frame construction with the external walls and roof covered in corrugated metal cladding incorporating translucent sheets to the roof. Internally the unit provides open warehouse with two storey integral offices with WC and kitchen facilities with the warehouse fitted with up and over loading door to the front, space heater, three phase power and sodium lighting. Externally there are 8 car parking spaces to the front. Lease Currently let by way of a 5 year FRI lease from April 2021 to Berritrade Ltd (distribution unit for mobile phone online sales). The rent is £32,000 pax. Three month deposit. The lease is excluded from the landlord & Tenant Act 1954 meaning the Tenant does not have the automatic right to renew. Copy of the lease is contained in the legal pack. Location Situated within Bowood Court, a private development of seven similar units in the prime industrial location of Winwick Quay, adjacent to junction 9 of the M62 motorway, close to the M6 Intersection, giving direct access to Liverpool and Manchester. Warrington town centre is approximately two miles to the south along the A49. Warrington is one of the North West’s prime industrial and logistics locations, and one of the leading industrial locations in the UK. Positioned at the heart of the UK Motorway Network, Warrington benefits from excellent access to the M6, M62 and M56 Motorways, which in turn connect to the national road networks. Due to its outstanding connectivity and positioning within the North West, the town has attracted major occupiers in the industrial sector including Amazon, Hermes, Royal Mail and Next Clothing Distribution. Tenure Long Leasehold – 125 years from April 1997 (c100 years remaining) Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Warrington Borough Council

Solicitors

BBS Law, Ref: BBS Law, Tel: 01618322500

Offered in association with

Roger Hannah

Additional Fees

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.