Investment Sale Industrial Ground Rent Investment Opportunity
Investment Sale Industrial Ground Rent Investment Opportunity Thomas Court and Units 1-10 Poolman Court, London Road Industrial Estate, Pembroke Dock, SA72 4RZ
Long Leasehold Interest – 971 Years Unexpired at a Peppercorn Rent Combined Rental Income of £15,000 per annum Weighted Average Unexpired Sub-Under Lease Term of 613 years Immediate Sale Required
Thomas Court, Units 1-10 Poolman Court, London Road Industrial Estate Location
Tenancies Please see attached Accommodation.
Schedule
of
Each sub-lease contains no provision for the review of rent or an option to break. Full leases and further information can be provided on request.
Price Price on Application The property is located on the outskirts of Pembroke Dock, one of the primary towns in the South West of Pembrokeshire and acts as a principle town for the Irish Sea Ferry Ports. Thomas Court and Poolman Court are two prominent industrial estates that form part of a number of estates off London Road
Situation Poolman Court and Thomas Court is located on London Road Industrial Estate off the main A477 trunk road, situated to the east of Pembroke Dock with Haverfordwest situated 10 miles to the north. The industrial estate lies within an Enterprise Zone.
Description The property comprises a site area of approximately 3.46 acres on which Thomas Court and Units 1-10 Poolman Court were developed in the late 1980’s. The site is a welllet and prominent industrial estate. The total demise is highlighted on the area shaded green on the covering image. Thomas and Poolman Court comprise a number of steel portal frame industrial units with part brick, part metal cladding elevations, with each unit benefitting from a roller shutter door.
Tenure The property is held on a superior Headlease due to expire on 11/09/2988 at a peppercorn rent. The property is then sub-let on six separate ground leases on individual rents that generate a combined annual income of £15,000 per annum for an average weighted unexpired sub-underlease term of 613 years.
VAT All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate.
Viewing and Further Information Interested parties are encouraged to view the site externally, with further information available from the sole agent: Ashley Elkin Lambert Smith Hampton 01792 702800 [email protected] July 2016
Thomas Court, Units 1-10 Poolman Court, London Road Industrial Estate
Superior Headlease Information
Superior Headlease
Rent
Lease Start
Lease End
Comment
Land lying to the North of London Road
Peppercorn
12/09/1989
11/09/2988
971 years unexpired
Schedule of Accommodation Ground Lease
Tenant
Rent
Lease Start
Lease End
Thomas Court
Penarth Estates Holdings Limited
£5,000 per annum
29/09/1994
19/09/2093
Unit 1, Poolman Court
Penarth Estates Holdings Limited
£1,000 per annum
Unit 3, Poolman Court
Penarth Estates Holdings Limited
£1,000 per annum
Unit 4+5, Poolman Court
Penarth Estates Holdings Limited
£2,000 per annum
Unit 6, Poolman Court
Penarth Estates Holdings Limited
£1,000 per annum
Unit 2,7,8,9,10 Poolman Court
Penarth Estates Holdings Limited
£5,000 per annum
Comment 77 years unexpired No rent review or break option 963 years unexpired
12/09/1989
02/09/2979 No rent review or break option 873 years unexpired
12/09/1989
02/09/2889 No rent review or break option 873 years unexpired
12/09/1989
02/09/2889 No rent review or break option 873 years unexpired
12/09/1989
02/09/2889 No rent review or break option 873 years unexpired
12/09/1989
02/09/2889 No rent review or break option
Long Leasehold Interest – 971 Years Unexpired at a Peppercorn Rent Combined Rental Income of £15,000 per annum Weighted Average Unexpired Sub-Under Lease Term of 613 years Immediate Sale Required
Thomas Court, Units 1-10 Poolman Court, London Road Industrial Estate Location
Tenancies Please see attached Accommodation.
Schedule
of
Each sub-lease contains no provision for the review of rent or an option to break. Full leases and further information can be provided on request.
Price Price on Application The property is located on the outskirts of Pembroke Dock, one of the primary towns in the South West of Pembrokeshire and acts as a principle town for the Irish Sea Ferry Ports. Thomas Court and Poolman Court are two prominent industrial estates that form part of a number of estates off London Road
Situation Poolman Court and Thomas Court is located on London Road Industrial Estate off the main A477 trunk road, situated to the east of Pembroke Dock with Haverfordwest situated 10 miles to the north. The industrial estate lies within an Enterprise Zone.
Description The property comprises a site area of approximately 3.46 acres on which Thomas Court and Units 1-10 Poolman Court were developed in the late 1980’s. The site is a welllet and prominent industrial estate. The total demise is highlighted on the area shaded green on the covering image. Thomas and Poolman Court comprise a number of steel portal frame industrial units with part brick, part metal cladding elevations, with each unit benefitting from a roller shutter door.
Tenure The property is held on a superior Headlease due to expire on 11/09/2988 at a peppercorn rent. The property is then sub-let on six separate ground leases on individual rents that generate a combined annual income of £15,000 per annum for an average weighted unexpired sub-underlease term of 613 years.
VAT All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate.
Viewing and Further Information Interested parties are encouraged to view the site externally, with further information available from the sole agent: Ashley Elkin Lambert Smith Hampton 01792 702800 [email protected] July 2016
Thomas Court, Units 1-10 Poolman Court, London Road Industrial Estate
Superior Headlease Information
Superior Headlease
Rent
Lease Start
Lease End
Comment
Land lying to the North of London Road
Peppercorn
12/09/1989
11/09/2988
971 years unexpired
Schedule of Accommodation Ground Lease
Tenant
Rent
Lease Start
Lease End
Thomas Court
Penarth Estates Holdings Limited
£5,000 per annum
29/09/1994
19/09/2093
Unit 1, Poolman Court
Penarth Estates Holdings Limited
£1,000 per annum
Unit 3, Poolman Court
Penarth Estates Holdings Limited
£1,000 per annum
Unit 4+5, Poolman Court
Penarth Estates Holdings Limited
£2,000 per annum
Unit 6, Poolman Court
Penarth Estates Holdings Limited
£1,000 per annum
Unit 2,7,8,9,10 Poolman Court
Penarth Estates Holdings Limited
£5,000 per annum
Comment 77 years unexpired No rent review or break option 963 years unexpired
12/09/1989
02/09/2979 No rent review or break option 873 years unexpired
12/09/1989
02/09/2889 No rent review or break option 873 years unexpired
12/09/1989
02/09/2889 No rent review or break option 873 years unexpired
12/09/1989
02/09/2889 No rent review or break option 873 years unexpired
12/09/1989
02/09/2889 No rent review or break option
