bp oil uk limited, burgh road, aylsham, norfolk, nr11 ... - Banks Long & Co
INVESTMENT SALE
FOR SALE
New BP/M&S Petrol Filling Station To be completed Summer 2017
BP OIL UK LIMITED, BURGH ROAD, AYLSHAM, NORFOLK, NR11 6AR
Prominent roundabout position on main arterial route
New 20 year unbroken lease to BP Oil UK Limited (Creditsafe rating - A87) OIRO £3.1m (5% NIY - assuming standard purchaser’s costs)
THE OPPORTUNITY
ACCOMMODATION
The petrol filling station is being constructed by Lindum Group Limited (£110m turnover with 560 employees). BP Oil UK Limited have signed an Agreement for Lease, with the Lease itself to commence shortly after Practical Completion in Summer 2017. It will be for an unbroken period of 20 years on Full Repairing and Insuring terms, with a commencing rental of £165,000 per annum exclusive and 5 yearly upwards only rent reviews.
Architect’s drawings show that the property will have the following floor area:
BP Oil UK Limited had a 2015 turnover of over £3.1 billion, generating a pre-tax profit of just over £100m with shareholders funds of £587m. Accounts are available on request.
Total GIA:
283 sq m
(3,045 sq ft)
The site extends to approximately 0.58 hectares (1.43 acres).
PRICE OIRO £3,100,000 = 5% NIY (after standard acquisition costs).
VAT
The property is available for sale freehold subject to the proposed occupational lease.
The property is to be elective of VAT. It is proposed to treat the sale of the property as a TOGC. On this basis the sale would not attract VAT.
LOCATION
LEGAL COSTS
The property occupies a prominent position at the roundabout junction off A140, Norwich to Cromer Road, adjacent to a main arterial route into Aylsham. Aylsham itself is an affluent Norfolk market town that is within commutable distance of Norwich (6 miles south) and also a short drive to the popular North Norfolk coast (Cromer is 10 miles north). The town has a resident population of 6,016 with a wider district population of just under 120,000 (2011 census).
Each party is to be responsible for their own legal costs incurred in documenting the transaction.
PROPERTY The opportunity comprises a proposed purpose built petrol filling station currently under construction and due for Practical Completion in Summer 2017. Plans and specification are available upon request, with the facility matching the standard BP/M&S PFS Corporate concept. The forecourt will incorporate raised pump islands laid out with four 8 point pumps. The sales building will provide an M&S retail area, sales desk, ancillary accommodation, WCs and ATM.
The Money Laundering Regulations 2007 require estate agents and solicitors to formally identify parties to a transaction. Interested parties will therefore be required to provide proof of identity and address, normally a photocard driving licence or passport and recent utility bill. BANKS LONG & CO for themselves and for the vendors or lessors of this property whose agets they give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessers and do not consitute part of an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of BANKS LONG & CO has any authority to make or give any representation or warranty whatever in relation to this property.
VIEWING: To view the premises
and for any additional information please contact the joint sole agents.
Contact: William Wall T : 01522 544515 E : [email protected] Ref. 9026/2017
Or contact James Townsend of Propetro Limited E : [email protected]
FOR SALE
New BP/M&S Petrol Filling Station To be completed Summer 2017
BP OIL UK LIMITED, BURGH ROAD, AYLSHAM, NORFOLK, NR11 6AR
Prominent roundabout position on main arterial route
New 20 year unbroken lease to BP Oil UK Limited (Creditsafe rating - A87) OIRO £3.1m (5% NIY - assuming standard purchaser’s costs)
THE OPPORTUNITY
ACCOMMODATION
The petrol filling station is being constructed by Lindum Group Limited (£110m turnover with 560 employees). BP Oil UK Limited have signed an Agreement for Lease, with the Lease itself to commence shortly after Practical Completion in Summer 2017. It will be for an unbroken period of 20 years on Full Repairing and Insuring terms, with a commencing rental of £165,000 per annum exclusive and 5 yearly upwards only rent reviews.
Architect’s drawings show that the property will have the following floor area:
BP Oil UK Limited had a 2015 turnover of over £3.1 billion, generating a pre-tax profit of just over £100m with shareholders funds of £587m. Accounts are available on request.
Total GIA:
283 sq m
(3,045 sq ft)
The site extends to approximately 0.58 hectares (1.43 acres).
PRICE OIRO £3,100,000 = 5% NIY (after standard acquisition costs).
VAT
The property is available for sale freehold subject to the proposed occupational lease.
The property is to be elective of VAT. It is proposed to treat the sale of the property as a TOGC. On this basis the sale would not attract VAT.
LOCATION
LEGAL COSTS
The property occupies a prominent position at the roundabout junction off A140, Norwich to Cromer Road, adjacent to a main arterial route into Aylsham. Aylsham itself is an affluent Norfolk market town that is within commutable distance of Norwich (6 miles south) and also a short drive to the popular North Norfolk coast (Cromer is 10 miles north). The town has a resident population of 6,016 with a wider district population of just under 120,000 (2011 census).
Each party is to be responsible for their own legal costs incurred in documenting the transaction.
PROPERTY The opportunity comprises a proposed purpose built petrol filling station currently under construction and due for Practical Completion in Summer 2017. Plans and specification are available upon request, with the facility matching the standard BP/M&S PFS Corporate concept. The forecourt will incorporate raised pump islands laid out with four 8 point pumps. The sales building will provide an M&S retail area, sales desk, ancillary accommodation, WCs and ATM.
The Money Laundering Regulations 2007 require estate agents and solicitors to formally identify parties to a transaction. Interested parties will therefore be required to provide proof of identity and address, normally a photocard driving licence or passport and recent utility bill. BANKS LONG & CO for themselves and for the vendors or lessors of this property whose agets they give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessers and do not consitute part of an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of BANKS LONG & CO has any authority to make or give any representation or warranty whatever in relation to this property.
VIEWING: To view the premises
and for any additional information please contact the joint sole agents.
Contact: William Wall T : 01522 544515 E : [email protected] Ref. 9026/2017
Or contact James Townsend of Propetro Limited E : [email protected]
