industrial investment for sale
INDUSTRIAL INVESTMENT FOR SALE 01733 897722
SIS Digital Premises, Vision Park, Padholme Road East, Peterborough, PE1 5XP Price: Offers in excess of £1,500,000 plus VAT
Size: Approx 1,349.13 sq m
Net initial yield of 7.97%
(14,516 sq ft)
Located on established industrial estate
Close to trade park developments and city centre
Three units but designed to subdivide into six self-contained buildings
Let on 20 year unbroken full repairing and insuring lease from 1 November 2016, subject to 5 yearly upward only rent reviews Currently producing £128,000 pa plus VAT
‘Voted by the Estates Gazette Most Active Agent in the East of England 2013 to 2017’
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
LOCATION The property is located on the city’s Eastern Industrial area approximately 1 mile east of the City Centre and close to the Boongate junction on the city’s Parkway dual carriageway system. The Eastern Industrial provides a variety of developments comprising retail, warehousing, trade counter uses, light and general industrial use, warehousing and offices.
DESCRIPTION
First floor Total
115.8 sq m (1,247 sq ft) 582.18 sq m (6,267 sq ft)
Units 2-5 Ground floor
566 sq m (6,093 sq ft)
Unit 6 Ground floor First floor Total
174.7 sq m (1,880 sq ft) 26.24 sq m (282 sq ft) 200.94 sq m (2,162 sq ft)
Total
1,349.13 sq m (14,516 sq ft)
All measurements above are approximate.
The property comprises two blocks of industrial units constructed in 2016. The development is of steel portal frame construction with pitched insulated roofs, and insulated external sheet cladding. The external areas which provide car parking and yard space are fully laid to concrete. The site is also fenced and gated.
TENURE We understand the property is owned freehold. There are rights of way close to the entrance area to two adjoining units.
OCCUPATIONAL LEASE
The units were designed as six individual buildings and whilst the dividing walls have been omitted between four of the units, these could easily be reinstated at a future date if required to provide six fully self-contained buildings.
The entire property is let to SIS Digital Vision Ltd on a 20 year full repairing and insuring lease commencing on 1 November 2016. The lease provides for 5 yearly upward only rent reviews at the expiration of the 5th, 10th and 15th year of the term. The lease is contracted out of the security of tenure provisions of the 1954 Landlord & Tenant Act, however, there is an option for the tenant to renew for a further 10 year term subject to a day 1 rent review and further rent review at the expiration of the 5th year. The annual rent for the first 5 years of the term is £128,000 per annum exclusive plus VAT payable quarterly on the normal quarter day
Unit 1 has an eaves height of approximately 8m and provides ground floor manufacturing space together with office and wc facilities above which there is useful mezzanine storage. Units 2-6 have an eaves height of approximately 6m and are a similar construction to Unit 1. Unit 6 is separated from the remaining four units by a dividing wall and has been fitted out to provide predominantly offices together with some storage space, kitchen and wc. Units 2-4 have the dividing walls omitted but the individual loading doors, wc accommodation, offices and serves are provided to each unit thereby enabling easy subdivision at some future date if required.
A copy of the lease is available on request.
TENANT COVENANT The entire property is let to SIS Digital Vision Ltd (company registration no. 09164968). The company is part of the SIS Digital Vision Group which includes sister company Eight.
FLOOR AREAS Approximate gross internal floor areas are as follows:Unit 1 Ground floor
466.38 sq m (5,020 sq ft)
Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
SIS Digital is a market leader in the design production and installation of large format LED digital screens and are behind the installation of almost 70% of all roadside LED billboards in the UK (source SIS website).
EPC
The company have recently been awarded the contract to provide all LED screens for Subway throughout the UK and Europe. Other principal clients include TFL, Audi, M & M’s, Harry Ramsden’s, Clear Channel and Buckingham Palace.
FURTHER INFORMATION AND VIEWING
The property has EPC ratings ranging from D (77) to E (108). A copy of the EPC’s are available from the agents.
Strictly by appointment with the sole agents:-
Barker Storey Matthews
The accounts for SIS Digital Vision Ltd for 2015 and 2016 show the following:-
Turnover
2016
2017
£8.636m
£13.115m
Contact: Alan Matthews [email protected] (01480) 451578
Profit before (£468,358) £828,181 tax
Steve Hawkins [email protected] (01733) 897722
Financial highlights for the Group are as follows:2016
2017
2018
Sales
£13.1m
£16.8m
£31.6m
EBITDA
£2.5m
£0.2m
£4.8m
Simon Burton [email protected] (01733) 897722
Copies of the accounts and further information is available on request.
7G517 180403
PRICE Offers in excess of £1,500,000 plus VAT.
YIELD A purchase of £1,500,000 would provide a net initial yield of 7.97% allowing for costs of 1.8% plus Stamp Duty.
LEGAL COSTS Each party will be responsible for their own legal costs.
Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
ORDNANCE SURVEY PLAN THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION OF THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED. THIS PLAN IS PUBLISHED FOR IDENTIFICATION PURPOSES ONLY AND ALTHOUGH BELIEVED TO BE CORRECT, ITS ACCURACY IS NOT GUARANTEED AND IT DOES NOT FORM PART OF ANY CONTRACT. LICENCE NO. 100003928
SIS Digital Premises, Vision Park, Padholme Road East, Peterborough, PE1 5XP Price: Offers in excess of £1,500,000 plus VAT
Size: Approx 1,349.13 sq m
Net initial yield of 7.97%
(14,516 sq ft)
Located on established industrial estate
Close to trade park developments and city centre
Three units but designed to subdivide into six self-contained buildings
Let on 20 year unbroken full repairing and insuring lease from 1 November 2016, subject to 5 yearly upward only rent reviews Currently producing £128,000 pa plus VAT
‘Voted by the Estates Gazette Most Active Agent in the East of England 2013 to 2017’
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
LOCATION The property is located on the city’s Eastern Industrial area approximately 1 mile east of the City Centre and close to the Boongate junction on the city’s Parkway dual carriageway system. The Eastern Industrial provides a variety of developments comprising retail, warehousing, trade counter uses, light and general industrial use, warehousing and offices.
DESCRIPTION
First floor Total
115.8 sq m (1,247 sq ft) 582.18 sq m (6,267 sq ft)
Units 2-5 Ground floor
566 sq m (6,093 sq ft)
Unit 6 Ground floor First floor Total
174.7 sq m (1,880 sq ft) 26.24 sq m (282 sq ft) 200.94 sq m (2,162 sq ft)
Total
1,349.13 sq m (14,516 sq ft)
All measurements above are approximate.
The property comprises two blocks of industrial units constructed in 2016. The development is of steel portal frame construction with pitched insulated roofs, and insulated external sheet cladding. The external areas which provide car parking and yard space are fully laid to concrete. The site is also fenced and gated.
TENURE We understand the property is owned freehold. There are rights of way close to the entrance area to two adjoining units.
OCCUPATIONAL LEASE
The units were designed as six individual buildings and whilst the dividing walls have been omitted between four of the units, these could easily be reinstated at a future date if required to provide six fully self-contained buildings.
The entire property is let to SIS Digital Vision Ltd on a 20 year full repairing and insuring lease commencing on 1 November 2016. The lease provides for 5 yearly upward only rent reviews at the expiration of the 5th, 10th and 15th year of the term. The lease is contracted out of the security of tenure provisions of the 1954 Landlord & Tenant Act, however, there is an option for the tenant to renew for a further 10 year term subject to a day 1 rent review and further rent review at the expiration of the 5th year. The annual rent for the first 5 years of the term is £128,000 per annum exclusive plus VAT payable quarterly on the normal quarter day
Unit 1 has an eaves height of approximately 8m and provides ground floor manufacturing space together with office and wc facilities above which there is useful mezzanine storage. Units 2-6 have an eaves height of approximately 6m and are a similar construction to Unit 1. Unit 6 is separated from the remaining four units by a dividing wall and has been fitted out to provide predominantly offices together with some storage space, kitchen and wc. Units 2-4 have the dividing walls omitted but the individual loading doors, wc accommodation, offices and serves are provided to each unit thereby enabling easy subdivision at some future date if required.
A copy of the lease is available on request.
TENANT COVENANT The entire property is let to SIS Digital Vision Ltd (company registration no. 09164968). The company is part of the SIS Digital Vision Group which includes sister company Eight.
FLOOR AREAS Approximate gross internal floor areas are as follows:Unit 1 Ground floor
466.38 sq m (5,020 sq ft)
Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
SIS Digital is a market leader in the design production and installation of large format LED digital screens and are behind the installation of almost 70% of all roadside LED billboards in the UK (source SIS website).
EPC
The company have recently been awarded the contract to provide all LED screens for Subway throughout the UK and Europe. Other principal clients include TFL, Audi, M & M’s, Harry Ramsden’s, Clear Channel and Buckingham Palace.
FURTHER INFORMATION AND VIEWING
The property has EPC ratings ranging from D (77) to E (108). A copy of the EPC’s are available from the agents.
Strictly by appointment with the sole agents:-
Barker Storey Matthews
The accounts for SIS Digital Vision Ltd for 2015 and 2016 show the following:-
Turnover
2016
2017
£8.636m
£13.115m
Contact: Alan Matthews [email protected] (01480) 451578
Profit before (£468,358) £828,181 tax
Steve Hawkins [email protected] (01733) 897722
Financial highlights for the Group are as follows:2016
2017
2018
Sales
£13.1m
£16.8m
£31.6m
EBITDA
£2.5m
£0.2m
£4.8m
Simon Burton [email protected] (01733) 897722
Copies of the accounts and further information is available on request.
7G517 180403
PRICE Offers in excess of £1,500,000 plus VAT.
YIELD A purchase of £1,500,000 would provide a net initial yield of 7.97% allowing for costs of 1.8% plus Stamp Duty.
LEGAL COSTS Each party will be responsible for their own legal costs.
Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
ORDNANCE SURVEY PLAN THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION OF THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED. THIS PLAN IS PUBLISHED FOR IDENTIFICATION PURPOSES ONLY AND ALTHOUGH BELIEVED TO BE CORRECT, ITS ACCURACY IS NOT GUARANTEED AND IT DOES NOT FORM PART OF ANY CONTRACT. LICENCE NO. 100003928
