FOR SALE - Aston Rose
FOR SALE 6-8 Singer Way, Woburn Industrial Estate Kempston MK42 7AW
6-8 Singer Way, Woburn Industrial Estate Kempston MK42 7AW
• • • • • • • •
High yielding industrial investment Well established industrial estate Strategically located adjacent to A421 giving easy access to the M1 Warehouse and ancillary office space totalling 24,836 sq £95,000 pa No VAT Freehold Offers in excess of £995,000 reflec ng a net ini al yield of 9.02%
Loca on
Situa on
Kempston in Bedfordshire is located three miles from Bedford town centre. Together they form a popula on of approximately 100,000.
Woburn Road Industrial Estate is situated to the south west of the town centre, directly above the A421, and is well-established, being one of the main commercial areas of Bedford. The property is on the western side of the estate close to the junc on with the A421 and A428 allowing easy access to the M1. The property is situated on the northern side of Singer Way which leads into Wolseley Road, one of the main roads in the estate, providing direct access to the A421.
Kempston lies 15 miles east of Milton Keynes, 30 miles west of Cambridge and 50 miles north of London. The property benefits from easy access to the A6, A428 and the A421 which connects to junc on 13 of the M1, eight miles to the south. It also has good rail communica ons being close to Kempston Hardwick Rail Sta on and Bedford Rail Sta on which provides direct trains to London St Pancras in 39 minutes. Luton airport is only 21 miles away and can be reach by car in around half an hour.
2
Descrip on The property comprises a single storey steel portal framed warehouse with profiled steel roof and cladding, with an eaves height of 3.73m. The warehouse has two mezzanine areas and an extension to the rear. It benefits from a loading door 4m high and 5m wide.
6-8 Singer Way, Woburn Industrial Estate Kempston MK42 7AW
Accommoda on
Tenancies
Proposal
The Gross Internal Area of the property totals 24,836 sq .
The property is let to CGI Crea ve Graphics Interna onal Limited on a full repairing and insuring lease for a term expiring 1st June 2024 at a rent of £95,000pa. The lease has a break clause on 1st June 2019, with 6 months' no ce, and an upwards only rent review on 2nd June 2019.
We are instructed to seek offers in excess of £995,000 (nine hundred and ninety five thousand pounds), subject to contract, for the freehold interest in the property. A purchase at this level would reflect a net ini al yield of 9.02% a er normal purchasers costs of 5.8%.
The property has been measured in line with the RICS Code of Measuring Prac ce.
The front of the property is brick clad, with aluminium sash windows, a flat roof and is a mixture of single and two storey. It comprises air-condi oned space with suspended ceilings and the tenants use part for offices and part for light industrial use. There is a bike store and 29 car parking spaces to the side of the property and a further three car parking spaces to the front.
6-8 Singer Way, Woburn Industrial Estate Kempston MK42 7AW
Descrip on sq m sq Warehouse Mezzanine 344.32 3,706 Warehouse Ground Floor 1,256.08 13,520 Front Building Ground Floor 495.17 5,330 Front Building - First Floor 211.78 2,280 Total 2,307.35 24,836
Tenure Freehold
VAT The property has not been elected for VAT.
Energy Performance Cer ficate (EPC) The property has an energy performance asset ra ng of C(70). A full copy of the EPC is available upon request.
3
For further informa on please contact:Rob Cragg 020 7629 1533 [email protected]
St Albans House 57/59 Haymarket London SW1Y 4QX
Ken Morgan 020 7629 1533 [email protected]
020 7629 1533 www.astonrose.co.uk
Ma Hunter 020 7629 1533 ma [email protected]
OS Plans and Maps reproduced with permission. ©Crown Copyright 2014. All rights reserved. Licence Number 100047514
MISREPRESENTATION ACT These particulars are believed to be correct and, where practicable, reasonable steps have been taken to ensure their accuracy, however this cannot be guaranteed. They do not form part of any offer or other contract. The owner of this property does not make or give, representations or warranties in relation to this property. Aston Rose (West End) Limited and its employees do not accept any responsibility for information supplied to them by the owner or any third party. Any intending purchaser or lessee must satisfy itself by inspection or otherwise as to the correctness of the particulars. All measurements are approximate. The plans in these particulars are published for convenience of identification only, and although believed to be correct, their accuracy is not guaranteed and do not form part of any contract.
June 2015
FOR SALE 6-8 Singer Way, Woburn Industrial Estate Kempston MK42 7AW
6-8 Singer Way, Woburn Industrial Estate Kempston MK42 7AW
• • • • • • • •
High yielding industrial investment Well established industrial estate Strategically located adjacent to A421 giving easy access to the M1 Warehouse and ancillary office space totalling 24,836 sq £95,000 pa No VAT Freehold Offers in excess of £995,000 reflec ng a net ini al yield of 9.02%
Loca on
Situa on
Kempston in Bedfordshire is located three miles from Bedford town centre. Together they form a popula on of approximately 100,000.
Woburn Road Industrial Estate is situated to the south west of the town centre, directly above the A421, and is well-established, being one of the main commercial areas of Bedford. The property is on the western side of the estate close to the junc on with the A421 and A428 allowing easy access to the M1. The property is situated on the northern side of Singer Way which leads into Wolseley Road, one of the main roads in the estate, providing direct access to the A421.
Kempston lies 15 miles east of Milton Keynes, 30 miles west of Cambridge and 50 miles north of London. The property benefits from easy access to the A6, A428 and the A421 which connects to junc on 13 of the M1, eight miles to the south. It also has good rail communica ons being close to Kempston Hardwick Rail Sta on and Bedford Rail Sta on which provides direct trains to London St Pancras in 39 minutes. Luton airport is only 21 miles away and can be reach by car in around half an hour.
2
Descrip on The property comprises a single storey steel portal framed warehouse with profiled steel roof and cladding, with an eaves height of 3.73m. The warehouse has two mezzanine areas and an extension to the rear. It benefits from a loading door 4m high and 5m wide.
6-8 Singer Way, Woburn Industrial Estate Kempston MK42 7AW
Accommoda on
Tenancies
Proposal
The Gross Internal Area of the property totals 24,836 sq .
The property is let to CGI Crea ve Graphics Interna onal Limited on a full repairing and insuring lease for a term expiring 1st June 2024 at a rent of £95,000pa. The lease has a break clause on 1st June 2019, with 6 months' no ce, and an upwards only rent review on 2nd June 2019.
We are instructed to seek offers in excess of £995,000 (nine hundred and ninety five thousand pounds), subject to contract, for the freehold interest in the property. A purchase at this level would reflect a net ini al yield of 9.02% a er normal purchasers costs of 5.8%.
The property has been measured in line with the RICS Code of Measuring Prac ce.
The front of the property is brick clad, with aluminium sash windows, a flat roof and is a mixture of single and two storey. It comprises air-condi oned space with suspended ceilings and the tenants use part for offices and part for light industrial use. There is a bike store and 29 car parking spaces to the side of the property and a further three car parking spaces to the front.
6-8 Singer Way, Woburn Industrial Estate Kempston MK42 7AW
Descrip on sq m sq Warehouse Mezzanine 344.32 3,706 Warehouse Ground Floor 1,256.08 13,520 Front Building Ground Floor 495.17 5,330 Front Building - First Floor 211.78 2,280 Total 2,307.35 24,836
Tenure Freehold
VAT The property has not been elected for VAT.
Energy Performance Cer ficate (EPC) The property has an energy performance asset ra ng of C(70). A full copy of the EPC is available upon request.
3
For further informa on please contact:Rob Cragg 020 7629 1533 [email protected]
St Albans House 57/59 Haymarket London SW1Y 4QX
Ken Morgan 020 7629 1533 [email protected]
020 7629 1533 www.astonrose.co.uk
Ma Hunter 020 7629 1533 ma [email protected]
OS Plans and Maps reproduced with permission. ©Crown Copyright 2014. All rights reserved. Licence Number 100047514
MISREPRESENTATION ACT These particulars are believed to be correct and, where practicable, reasonable steps have been taken to ensure their accuracy, however this cannot be guaranteed. They do not form part of any offer or other contract. The owner of this property does not make or give, representations or warranties in relation to this property. Aston Rose (West End) Limited and its employees do not accept any responsibility for information supplied to them by the owner or any third party. Any intending purchaser or lessee must satisfy itself by inspection or otherwise as to the correctness of the particulars. All measurements are approximate. The plans in these particulars are published for convenience of identification only, and although believed to be correct, their accuracy is not guaranteed and do not form part of any contract.
June 2015
FOR SALE 6-8 Singer Way, Woburn Industrial Estate Kempston MK42 7AW
