MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Benedict ...
MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Benedict Square, Peterborough, PE4 6GD
A15
A1
A16
A1175
A15
INVESTMENT CONSIDERATIONS
A1175 A16
A606 A606
A1173
A16
A6003 A47 A1
A43 A47
47
A15
A47
A47
A47 A47
A1139
Peterborough
A1260
A43 A6003 A605 A43 A605
A427 A6003
• • • • • • • •
Freehold. 44 unit multi-let industrial investment opportunity. Current combined passing rent £166,275 per annum (including ground rents). Estimated rental value approximately £186,600 per annum (including ground rents). Located in one of the UK’s fastest growing cities. A well let industrial investment with strong occupier demand. 94.26% current occupancy level with a further 1.89% under offer and in solicitor’s hands. Close proximity to Peterborough city centre and the A1(M).
A6116 A43
A605
LOCATION
Benedict Square Industrial Estate is located in Werrington, approximately three miles to the north of Peterborough city centre. Peterborough is an important sub-regional centre serving the Fenland area of Cambridgeshire and Lincolnshire and has an urban population of approximately 193,000 people. The estate is situated in close proximity to Werrington Parkway (A15) which provides easy access to Peterborough city centre and the A1 (M) to the south. London is located approximately 90 miles to the south, Cambridge 36 miles to the south-east and Leicester 40 miles to the west. Rail Services to London Kings Cross are regularly available from Peterborough rail station in approximately 51 minutes. East Midlands Airport is located 36 miles to the north-west and London Stansted airport 50 miles to the south-west.
2 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
SITUATION
The property is situated in an established industrial area and adjacent properties include a purpose-built Royal Mail sorting and delivery office and a substantial modern retail warehouse occupied by Porcelenosa. To the east are five small sites which have each been developed with purpose-built detached industrial units. To the west the property abuts the East Coast rail line. Occupiers in the vicinity include:
DESCRIPTION
The property comprises an industrial estate of 44 individual units totalling approximately 43,078 sq ft on a gross internal area basis. Of the 44 units, 11 have been sold off on a long leasehold basis with the remainder providing approximately 32,139 sq ft in total. The estate is rectangular in shape with a gross site area of approximately 3.4 acres (1.4 hectares). The units are located in two blocks flanked by parking areas and separated by adopted roads. The units are of steel portal frame construction, with profile steel sheet cladding to the external walls and roof covering. The roofs incorporate translucent roof lights and are lined with insulation board. All units benefit from private WC facilities and three phase electricity supplies. Units 1-27 benefit from roller shutter doors, whilst 28-44 have timber folding doors. The individual units range in size from 410 to 1,895 sq ft each and are suited to a range of businesses.
LOCAL INDUSTRIAL OCCUPATIONAL MARKET COMMENTARY
Peterborough is one of the UK’s fastest growing cities and as a result demand for industrial units has steadily increased in recent months with local agents reporting 57% decreased availability in stock over the period from May 2015 to July 2016. The biggest fall in availability has been reported in sub 2,000 sq ft units as provided by the subject property and this shortage in industrial stock is leading to upwards pressure on both rents and in-turn capital values.
3 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
ESTIMATED RENTAL VALUE
Based upon the most recent lettings on the estate we have estimated the potential rental value for the estate excluding units sold off on a long leasehold basis as follows: Size (sq ft) 608 918 1,247 1,895 Total
No. of units 14 4 13 2 33
ERV £ per sq ft £7.00 £5.75 £5.37 £4.75
Total £59,584 £21,114 £87,053 £18,002 £185,753
Mini Dealership Bannatyne Health Club Lloyds TSB Computer Centre
Peter Brotherhood Engineering Services Royal Mail
Peterborough Daries The Thomas Cook Business Park
Tradeframe.com
Ro
ad
Porcelanosa Ceramic Tiles and Bathrooms
nk
Subject Property Benedict Square
A1
5
E
Gilchrist + Soames UK
Tr u
ast
a
tR
as Co
e
in il L
Ecolutia Services
T+T Vehicle Sales
J+S Vans
4 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
BMW Dealership
Audi Dealership
TENANCY SCHEDULE Unit
Tenant
Lease Start
Lease Expiry
Break Clause
Annual Rent
Unit Size (sq ft)
Rent per sq ft
1
Stephen Fern t/a Simply Bathrooms
08.08.2014
07.08.2017
After 08.02.2016
£5,500
918
£5.99
2 3
GMS Timber Ltd Stephen Fern t/a Simply Bathrooms
29.06.2016 02.05.2013
28.09.2019 01.05.2016
-
£9,000 £9,975
1,895 1,895
£4.75 £5.26
10
Paul Pragolia MP Welding
05.08.2014
04.08.2017
-
£6,000
1,247
£4.81
11
Spider Car Services Ltd
21.05.2016
20.05.2019
-
£6,700
1,247
£5.37
03.01.2016
02.01.2019
-
£6,250
1,247
£5.01
30.08.2016
29.08.2019
£6,000
31.03.2018 07.06.2018 26.09.2019 30.04.2018 27.07.2019 30.04.2018
£6,200 £5,250 £5,250 £7,000 £6,700 £7,000
1,247 1,247 1,249 918 912 1,237 1,247 1,229
£4.81
01.04.2015 08.06.2015 27.09.2016 01.05.2012 28.07.2016 01.05.2015
28.08.2017 27.07.2018 -
£4.96 £5.72 £5.76 £5.66 £5.37 £5.70
14 15 16 17 18 19 20 21
The Motorcycle Works Ltd + Anne Garnder as guarantor Pete Odell (The Motorcycle Works) VACANT Smartheat Heating & Plumbing Ltd Rawheat Ltd Robert Pepper Richard Marchant t/a RM Clutch Services Patisserie Gate Ltd J Wilson
22
Mohammed Faisail Din
15.02.2016
14.02.2019
After 15.02.2018
£6,000
1,247
£4.81
23 24 25 26 27
Bannerwerx Ltd & MKS Customs Ltd Kallum and Sarah Erico M Matthews Martun Babajan Lister Bell Ltd + K Lister as guarantor
02.09.2015 08.12.2015 14.11.2014 01.02.2015 01.10.2014
01.09.2018 07.12.2018 13.11.2017 31.01.2018 30.09.2017
After 2.03.2017 08.12.2018 After 01.10.2015
£6,300 £5,000 £5,500 £4,100 £4,750
1,247 1,247 1,234 608 917
£5.05 £4.01 £4.46 £6.74 £5.18
29
VACANT (Under Offer)
608
-
30 31 32 33 34 35 36 37 38
Mikus Ozolins Daniel Crowe Autorepair Fixango Limited Przemyslaw Dziad D J Storey t/a Car Care Centre Slawomir Zaborowski G Gintauskas John Allen Lukasz Jurek
03.07.2014 15.02.2013 Rolling 27.07.2012 01.07.2015 31.10.2016 29.10.2012 01.04.2011 26.05.2016
02.07.2017 14.02.2016 Rolling 26.07.2015 30.06.2018 30.10.2019 28.10.2015 31.03.2014 25.05.2019
After 03.07.2014 26.05.2018
£4,100 £4,100 £4,100 £4,100 £4,300 £4,300 £4,100 £1,200 £4,300
608 608 608 608 608 608 608 608 608
£6.74 £6.74 £6.74 £6.74 £7.07 £7.07 £6.74 £1.97 £7.07
39
Pavelas Buglaovas
24.06.2016
23.06.2019
After 24.12.2017
£4,300
608
£7.07
40
Tom Hendry t/a Tom Hendry's Welding Bay East of England Ambulance Service NHS Trust Total Excluding Long Leasehold
01.11.2002
31.10.2005
-
£3,900
608
£6.41
20.08.2007
19.08.2016
-
£4,100
608
£6.74
£165,375
32,139
13
41
-
5 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
Comments
Deposit -
Holding Over. Option to Purchase £81,000. Contracted out of the Landlord and Tenant Act 1954 Security of Tenure Provisions. Contracted out of the Landlord and Tenant Act 1954 Security of Tenure Provisions. Fixed uplift to £6,400 yr 2, £6,600 yr 3.
Fixed uplift to £6,500 yr 3. Fixed uplift to £5,500 yr 3.
Fixed uplift to £6,250 yr 2, £6,500 yr 3. Contracted out of the Landlord and Tenant Act 1954 Security of Tenure Provisions. Fixed uplift to £6,700 yr 3. Fixed uplift to £6,000 yr 2, £6,700 yr 3.
Under offer to private individual at £4,300 per annum for a three year term, with three month rent deposit. Holding over. Holding over.
Holding over. Holding over. Contracted out of the Landlord and Tenant Act 1954 Security of Tenure Provisions. Holding over. Holding over. Renewal terms agreed at £4,300 per annum for six years.
£2,900 £1,423 £1,800 £1,875 £1,760 £1,325 £1,575 £839 £2,010 £825 £1,230 £1,800 £1,500 £1,080 £1,230 £986 £1,025 £1,230 £1,166 £1,290 £1,230 £1,191 £1,290 £1,075 £33,654
TENURE
The property is held freehold. 11 of the 44 units have been sold off on a long leasehold basis for a term of 999 years, with nine of these providing ground rents of £100 per annum.
SERVICE CHARGE
For the period 1 May 2016 to 30 April 2017 the estate service charge budget is £17,000 which reflects £0.39 per sq ft inclusive of the long leasehold units.
VAT
The property is registered for VAT and VAT will be payable on the purchase price. It is anticipated that the sale will be treated as The Transfer of a Going Concern (TOGC).
TENANCY SCHEDULE CONTINUED (LONG LEASEHOLD) Unit
Tenant
Lease Start
Lease Expiry
Rent
Unit size (sq ft)
4
Millenium Holdings Ltd
23.01.2014
22.01.3013
£100
1,895
5 6 7 8 9 12 43 44 28 42
Millenium Holdings Ltd Millenium Holdings Ltd Millenium Holdings Ltd Andrew William Skervin Andrew William Skervin Walton Dental Labs Peter James Atkinson t/a PVS Autofit J W Clarkson t/a Doctor Motor Engine Tuning Beemold Peter James Atkinson t/a PVS Autofit
23.01.2014 23.01.2014 23.01.2014 16.06.2014 16.06.2014 09.08.2013 11.08.2010 01.09.2009 09.03.2015 18.12.2015
22.01.3013 22.01.3013 22.01.3013 15.06.3013 15.06.3013 08.08.3012 10.08.3009 10.08.3008 08.03.3014 17.12.3014
£100 £100 £100 £100 £100 £100 £0 £0 £100 £100 £900
1,895 1,895 918 2,070 1,370 1,247 610 950 918 608 10,939
6 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
PROPOSAL Our client is seeking offers in excess of £2,000,000 (Two Million Pounds) for the freehold, subject to contract and excluding VAT. A purchase at this price will provide an attractive net initial yield of 7.62% assuming purchasers costs of 6.26%.
44 UNIT MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY LOCATED IN ONE OF THE UK’S FASTEST GROWING CITIES
FURTHER INFORMATION For further information and to make arrangements to inspect the property please contact:
Rob Chalklin 01483 668265 [email protected]
David Boddy 01483 668261 [email protected]
Barry Munday 01483 668262 [email protected] Boddy & Edwards LLP Chartered Surveyors Commercial Property Consultants 5 Riverview, Walnut Tree Close, Guildford Surrey GU1 4UX
Important Notice: Boddy & Edwards LLP for themselves (for their joint agents where applicable) and for the vendors or lessors of this property give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Whilst Boddy & Edwards LLP uses reasonable endeavours to ensure that the information in these particulars is materially correct, any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, searches, enquiries, surveys or otherwise as to their accuracy. Boddy & Edwards LLP as such cannot be held responsible for any loss or damage including without limitation, indirect or consequential loss or damage, expenses incurred or any loss of profits resulting from direct or indirect actions based upon the content of these particulars. 3. No partner nor person in the employment of Boddy & Edwards LLP has any authority to make any representation or warranty whatsoever in relation to this property. 4. Unless otherwise stated, all purchase prices and rents are correct at the date of publication and, unless otherwise stated, are quoted exclusive of VAT. Lease details, service charge and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The date of this publication is November 2016
7 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
SUBJECT TO CONTRACT
A15
A1
A16
A1175
A15
INVESTMENT CONSIDERATIONS
A1175 A16
A606 A606
A1173
A16
A6003 A47 A1
A43 A47
47
A15
A47
A47
A47 A47
A1139
Peterborough
A1260
A43 A6003 A605 A43 A605
A427 A6003
• • • • • • • •
Freehold. 44 unit multi-let industrial investment opportunity. Current combined passing rent £166,275 per annum (including ground rents). Estimated rental value approximately £186,600 per annum (including ground rents). Located in one of the UK’s fastest growing cities. A well let industrial investment with strong occupier demand. 94.26% current occupancy level with a further 1.89% under offer and in solicitor’s hands. Close proximity to Peterborough city centre and the A1(M).
A6116 A43
A605
LOCATION
Benedict Square Industrial Estate is located in Werrington, approximately three miles to the north of Peterborough city centre. Peterborough is an important sub-regional centre serving the Fenland area of Cambridgeshire and Lincolnshire and has an urban population of approximately 193,000 people. The estate is situated in close proximity to Werrington Parkway (A15) which provides easy access to Peterborough city centre and the A1 (M) to the south. London is located approximately 90 miles to the south, Cambridge 36 miles to the south-east and Leicester 40 miles to the west. Rail Services to London Kings Cross are regularly available from Peterborough rail station in approximately 51 minutes. East Midlands Airport is located 36 miles to the north-west and London Stansted airport 50 miles to the south-west.
2 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
SITUATION
The property is situated in an established industrial area and adjacent properties include a purpose-built Royal Mail sorting and delivery office and a substantial modern retail warehouse occupied by Porcelenosa. To the east are five small sites which have each been developed with purpose-built detached industrial units. To the west the property abuts the East Coast rail line. Occupiers in the vicinity include:
DESCRIPTION
The property comprises an industrial estate of 44 individual units totalling approximately 43,078 sq ft on a gross internal area basis. Of the 44 units, 11 have been sold off on a long leasehold basis with the remainder providing approximately 32,139 sq ft in total. The estate is rectangular in shape with a gross site area of approximately 3.4 acres (1.4 hectares). The units are located in two blocks flanked by parking areas and separated by adopted roads. The units are of steel portal frame construction, with profile steel sheet cladding to the external walls and roof covering. The roofs incorporate translucent roof lights and are lined with insulation board. All units benefit from private WC facilities and three phase electricity supplies. Units 1-27 benefit from roller shutter doors, whilst 28-44 have timber folding doors. The individual units range in size from 410 to 1,895 sq ft each and are suited to a range of businesses.
LOCAL INDUSTRIAL OCCUPATIONAL MARKET COMMENTARY
Peterborough is one of the UK’s fastest growing cities and as a result demand for industrial units has steadily increased in recent months with local agents reporting 57% decreased availability in stock over the period from May 2015 to July 2016. The biggest fall in availability has been reported in sub 2,000 sq ft units as provided by the subject property and this shortage in industrial stock is leading to upwards pressure on both rents and in-turn capital values.
3 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
ESTIMATED RENTAL VALUE
Based upon the most recent lettings on the estate we have estimated the potential rental value for the estate excluding units sold off on a long leasehold basis as follows: Size (sq ft) 608 918 1,247 1,895 Total
No. of units 14 4 13 2 33
ERV £ per sq ft £7.00 £5.75 £5.37 £4.75
Total £59,584 £21,114 £87,053 £18,002 £185,753
Mini Dealership Bannatyne Health Club Lloyds TSB Computer Centre
Peter Brotherhood Engineering Services Royal Mail
Peterborough Daries The Thomas Cook Business Park
Tradeframe.com
Ro
ad
Porcelanosa Ceramic Tiles and Bathrooms
nk
Subject Property Benedict Square
A1
5
E
Gilchrist + Soames UK
Tr u
ast
a
tR
as Co
e
in il L
Ecolutia Services
T+T Vehicle Sales
J+S Vans
4 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
BMW Dealership
Audi Dealership
TENANCY SCHEDULE Unit
Tenant
Lease Start
Lease Expiry
Break Clause
Annual Rent
Unit Size (sq ft)
Rent per sq ft
1
Stephen Fern t/a Simply Bathrooms
08.08.2014
07.08.2017
After 08.02.2016
£5,500
918
£5.99
2 3
GMS Timber Ltd Stephen Fern t/a Simply Bathrooms
29.06.2016 02.05.2013
28.09.2019 01.05.2016
-
£9,000 £9,975
1,895 1,895
£4.75 £5.26
10
Paul Pragolia MP Welding
05.08.2014
04.08.2017
-
£6,000
1,247
£4.81
11
Spider Car Services Ltd
21.05.2016
20.05.2019
-
£6,700
1,247
£5.37
03.01.2016
02.01.2019
-
£6,250
1,247
£5.01
30.08.2016
29.08.2019
£6,000
31.03.2018 07.06.2018 26.09.2019 30.04.2018 27.07.2019 30.04.2018
£6,200 £5,250 £5,250 £7,000 £6,700 £7,000
1,247 1,247 1,249 918 912 1,237 1,247 1,229
£4.81
01.04.2015 08.06.2015 27.09.2016 01.05.2012 28.07.2016 01.05.2015
28.08.2017 27.07.2018 -
£4.96 £5.72 £5.76 £5.66 £5.37 £5.70
14 15 16 17 18 19 20 21
The Motorcycle Works Ltd + Anne Garnder as guarantor Pete Odell (The Motorcycle Works) VACANT Smartheat Heating & Plumbing Ltd Rawheat Ltd Robert Pepper Richard Marchant t/a RM Clutch Services Patisserie Gate Ltd J Wilson
22
Mohammed Faisail Din
15.02.2016
14.02.2019
After 15.02.2018
£6,000
1,247
£4.81
23 24 25 26 27
Bannerwerx Ltd & MKS Customs Ltd Kallum and Sarah Erico M Matthews Martun Babajan Lister Bell Ltd + K Lister as guarantor
02.09.2015 08.12.2015 14.11.2014 01.02.2015 01.10.2014
01.09.2018 07.12.2018 13.11.2017 31.01.2018 30.09.2017
After 2.03.2017 08.12.2018 After 01.10.2015
£6,300 £5,000 £5,500 £4,100 £4,750
1,247 1,247 1,234 608 917
£5.05 £4.01 £4.46 £6.74 £5.18
29
VACANT (Under Offer)
608
-
30 31 32 33 34 35 36 37 38
Mikus Ozolins Daniel Crowe Autorepair Fixango Limited Przemyslaw Dziad D J Storey t/a Car Care Centre Slawomir Zaborowski G Gintauskas John Allen Lukasz Jurek
03.07.2014 15.02.2013 Rolling 27.07.2012 01.07.2015 31.10.2016 29.10.2012 01.04.2011 26.05.2016
02.07.2017 14.02.2016 Rolling 26.07.2015 30.06.2018 30.10.2019 28.10.2015 31.03.2014 25.05.2019
After 03.07.2014 26.05.2018
£4,100 £4,100 £4,100 £4,100 £4,300 £4,300 £4,100 £1,200 £4,300
608 608 608 608 608 608 608 608 608
£6.74 £6.74 £6.74 £6.74 £7.07 £7.07 £6.74 £1.97 £7.07
39
Pavelas Buglaovas
24.06.2016
23.06.2019
After 24.12.2017
£4,300
608
£7.07
40
Tom Hendry t/a Tom Hendry's Welding Bay East of England Ambulance Service NHS Trust Total Excluding Long Leasehold
01.11.2002
31.10.2005
-
£3,900
608
£6.41
20.08.2007
19.08.2016
-
£4,100
608
£6.74
£165,375
32,139
13
41
-
5 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
Comments
Deposit -
Holding Over. Option to Purchase £81,000. Contracted out of the Landlord and Tenant Act 1954 Security of Tenure Provisions. Contracted out of the Landlord and Tenant Act 1954 Security of Tenure Provisions. Fixed uplift to £6,400 yr 2, £6,600 yr 3.
Fixed uplift to £6,500 yr 3. Fixed uplift to £5,500 yr 3.
Fixed uplift to £6,250 yr 2, £6,500 yr 3. Contracted out of the Landlord and Tenant Act 1954 Security of Tenure Provisions. Fixed uplift to £6,700 yr 3. Fixed uplift to £6,000 yr 2, £6,700 yr 3.
Under offer to private individual at £4,300 per annum for a three year term, with three month rent deposit. Holding over. Holding over.
Holding over. Holding over. Contracted out of the Landlord and Tenant Act 1954 Security of Tenure Provisions. Holding over. Holding over. Renewal terms agreed at £4,300 per annum for six years.
£2,900 £1,423 £1,800 £1,875 £1,760 £1,325 £1,575 £839 £2,010 £825 £1,230 £1,800 £1,500 £1,080 £1,230 £986 £1,025 £1,230 £1,166 £1,290 £1,230 £1,191 £1,290 £1,075 £33,654
TENURE
The property is held freehold. 11 of the 44 units have been sold off on a long leasehold basis for a term of 999 years, with nine of these providing ground rents of £100 per annum.
SERVICE CHARGE
For the period 1 May 2016 to 30 April 2017 the estate service charge budget is £17,000 which reflects £0.39 per sq ft inclusive of the long leasehold units.
VAT
The property is registered for VAT and VAT will be payable on the purchase price. It is anticipated that the sale will be treated as The Transfer of a Going Concern (TOGC).
TENANCY SCHEDULE CONTINUED (LONG LEASEHOLD) Unit
Tenant
Lease Start
Lease Expiry
Rent
Unit size (sq ft)
4
Millenium Holdings Ltd
23.01.2014
22.01.3013
£100
1,895
5 6 7 8 9 12 43 44 28 42
Millenium Holdings Ltd Millenium Holdings Ltd Millenium Holdings Ltd Andrew William Skervin Andrew William Skervin Walton Dental Labs Peter James Atkinson t/a PVS Autofit J W Clarkson t/a Doctor Motor Engine Tuning Beemold Peter James Atkinson t/a PVS Autofit
23.01.2014 23.01.2014 23.01.2014 16.06.2014 16.06.2014 09.08.2013 11.08.2010 01.09.2009 09.03.2015 18.12.2015
22.01.3013 22.01.3013 22.01.3013 15.06.3013 15.06.3013 08.08.3012 10.08.3009 10.08.3008 08.03.3014 17.12.3014
£100 £100 £100 £100 £100 £100 £0 £0 £100 £100 £900
1,895 1,895 918 2,070 1,370 1,247 610 950 918 608 10,939
6 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
PROPOSAL Our client is seeking offers in excess of £2,000,000 (Two Million Pounds) for the freehold, subject to contract and excluding VAT. A purchase at this price will provide an attractive net initial yield of 7.62% assuming purchasers costs of 6.26%.
44 UNIT MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY LOCATED IN ONE OF THE UK’S FASTEST GROWING CITIES
FURTHER INFORMATION For further information and to make arrangements to inspect the property please contact:
Rob Chalklin 01483 668265 [email protected]
David Boddy 01483 668261 [email protected]
Barry Munday 01483 668262 [email protected] Boddy & Edwards LLP Chartered Surveyors Commercial Property Consultants 5 Riverview, Walnut Tree Close, Guildford Surrey GU1 4UX
Important Notice: Boddy & Edwards LLP for themselves (for their joint agents where applicable) and for the vendors or lessors of this property give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Whilst Boddy & Edwards LLP uses reasonable endeavours to ensure that the information in these particulars is materially correct, any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, searches, enquiries, surveys or otherwise as to their accuracy. Boddy & Edwards LLP as such cannot be held responsible for any loss or damage including without limitation, indirect or consequential loss or damage, expenses incurred or any loss of profits resulting from direct or indirect actions based upon the content of these particulars. 3. No partner nor person in the employment of Boddy & Edwards LLP has any authority to make any representation or warranty whatsoever in relation to this property. 4. Unless otherwise stated, all purchase prices and rents are correct at the date of publication and, unless otherwise stated, are quoted exclusive of VAT. Lease details, service charge and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The date of this publication is November 2016
7 MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY Peterborough – Benedict Square
SUBJECT TO CONTRACT
