PHS Industrial Investment Peterlee - Property Search - Savills
Phs Industrial Investment Peterlee Unit 1 Bracken Hill, South West Industrial Estate, Co Durham, SR8 2LS FOR SALE
■■ Clinical waste transfer investment ■■ D&B Rating N1 covenant ■■ Let to Personnel Hygiene Services Limited for a term of 20 years with effect from 27 May 2010 at a rental of £43,086.92 per annum and subject to rent review at the greater of OMR or RPI ■■ Established industrial estate ■■ Potential expansion land (STPP)
savills.co.uk
Location Bracken Hill is on the South West Industrial Estate which is adjacent to the A19 (a dual carriageway between Thirsk and Newcastle upon Tyne). Access to the A19 is excellent which is a short distance away. Properties in the surrounding area are in mixed commercial use, with nearby occupiers including Plumb Center, Howdens Joinery, Screwfix and Quay Plastics, to name but a few. Peterlee is approximately 24 km (15 miles) south of Newcastle upon Tyne and 96 km (60 miles) North of Leeds. Teeside Airport is approximately 16 km (10 miles) to the south.
Description A semi-detached industrial unit constructed in approximately 1970 around a steel frame, clad in brick and breeze block with profile steel sheeting over. The frame supports a stress beam flat roof insulated with circa 5% roof lights. Access is via two roller shutter doors. The property has gas fired heating, is lit by suspended fluorescent strip lights and has a reinforced concrete floor together with a small secure storage area with mezzanine over. Eaves height is approximately 5.5 m (18 ft). Externally the property has a good sized secure yard.
Accommodation We have valued the property on the basis of the floor area figures set out below, which we have measured on site and are the gross internal floor areas measured in accordance with the RICS Code of Measuring Practice, published in August 2007 (6th Edition) as updated. Sq M
Sq Ft
Warehouse
991.177
10,669
Total
991.177
10,669
In addition to the above, there is a small mezzanine area.
Tenure The property is freehold.
Rateable Value We have been advised that the Rateable Value for the property is as follows: Rateable Value
£30,500
Rates Payable 2016/2017
£15,158.50
Tenancy Let to Personnel Hygiene Services Limited for a term of 20 years with effect from 27 May 2010 at a rental of £43,086.92 per annum and subject to rent review at the greater of OMR or RPI.
Price Offers are invited in the region of £628,000, reflecting a net initial yield of 6.5%, subject to contract and exclusive of VAT assuming standard purchasers costs at 5.13%.
Covenant Personnel Hygiene Services Limited is rated N1 by Dun & Bradstreet, with a sales turnover of £310,003,000 (March 2015) which represents a minimum risk of business failure.
Vat The position with regards to VAT is reserved at all times and interested parties are advised to seek independent advice in relation to the matter.
Viewing Strictly by appointment only with the sole agent Savills. November 2016
NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited.
NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited.
Important Notice Savills, their clients and any joint agents give notice that: 1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Savills Enfield Chambers 18 Low Pavement Nottingham NG1 7DG
savills.co.uk
Victor Ktori +44 (0) 115 934 8171 [email protected]
Christine Thorn +44 (0) 115 934 8152 [email protected]
■■ Clinical waste transfer investment ■■ D&B Rating N1 covenant ■■ Let to Personnel Hygiene Services Limited for a term of 20 years with effect from 27 May 2010 at a rental of £43,086.92 per annum and subject to rent review at the greater of OMR or RPI ■■ Established industrial estate ■■ Potential expansion land (STPP)
savills.co.uk
Location Bracken Hill is on the South West Industrial Estate which is adjacent to the A19 (a dual carriageway between Thirsk and Newcastle upon Tyne). Access to the A19 is excellent which is a short distance away. Properties in the surrounding area are in mixed commercial use, with nearby occupiers including Plumb Center, Howdens Joinery, Screwfix and Quay Plastics, to name but a few. Peterlee is approximately 24 km (15 miles) south of Newcastle upon Tyne and 96 km (60 miles) North of Leeds. Teeside Airport is approximately 16 km (10 miles) to the south.
Description A semi-detached industrial unit constructed in approximately 1970 around a steel frame, clad in brick and breeze block with profile steel sheeting over. The frame supports a stress beam flat roof insulated with circa 5% roof lights. Access is via two roller shutter doors. The property has gas fired heating, is lit by suspended fluorescent strip lights and has a reinforced concrete floor together with a small secure storage area with mezzanine over. Eaves height is approximately 5.5 m (18 ft). Externally the property has a good sized secure yard.
Accommodation We have valued the property on the basis of the floor area figures set out below, which we have measured on site and are the gross internal floor areas measured in accordance with the RICS Code of Measuring Practice, published in August 2007 (6th Edition) as updated. Sq M
Sq Ft
Warehouse
991.177
10,669
Total
991.177
10,669
In addition to the above, there is a small mezzanine area.
Tenure The property is freehold.
Rateable Value We have been advised that the Rateable Value for the property is as follows: Rateable Value
£30,500
Rates Payable 2016/2017
£15,158.50
Tenancy Let to Personnel Hygiene Services Limited for a term of 20 years with effect from 27 May 2010 at a rental of £43,086.92 per annum and subject to rent review at the greater of OMR or RPI.
Price Offers are invited in the region of £628,000, reflecting a net initial yield of 6.5%, subject to contract and exclusive of VAT assuming standard purchasers costs at 5.13%.
Covenant Personnel Hygiene Services Limited is rated N1 by Dun & Bradstreet, with a sales turnover of £310,003,000 (March 2015) which represents a minimum risk of business failure.
Vat The position with regards to VAT is reserved at all times and interested parties are advised to seek independent advice in relation to the matter.
Viewing Strictly by appointment only with the sole agent Savills. November 2016
NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited.
NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited.
Important Notice Savills, their clients and any joint agents give notice that: 1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Savills Enfield Chambers 18 Low Pavement Nottingham NG1 7DG
savills.co.uk
Victor Ktori +44 (0) 115 934 8171 [email protected]
Christine Thorn +44 (0) 115 934 8152 [email protected]
