waymills Industrial Estate - Halls
FOR SALE – Industrial/commercial investment
waymills Industrial Estate Industrial Units 993 – 1,498 sq ft
Managed by
Whitchurch, Shropshire, SY13 1TT
Waymills
Industrial Estate Description Waymills Industrial Estate is a multi-let industrial estate comprising 5 industrial units, situated within one detached building. The building is of steel portal framework with part dual pitched profile sheet and part monopitched roof covers with brickwork elevations. The units benefit from an eaves height of approximately 4.5 metres to the main structures.
8 7 6 5
4
The units provide accommodation ranging in size from 993 to 1,498 sq ft, each containing small office accommodation. The current total accommodation is approximately 5,983 sq ft. The estate benefits from a total site area of approximately 1.5 acres (0.61 hectares). The external areas provide a generous provision of onsite car parking and landscaped areas.
Planning Waymills Industrial Estate is understood to benefit from planning consent for Use Class B1, B2 and B8 of The Town and Country Use Classes Order 1987. The Estate is a designated employment area.
Inspection/Further Information Strictly by appointment through Halls Commercial, Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR. Tel 01743 450700 reference James Evans. Mob 07792 222028 Email [email protected]
Site The Total Site Area: 1.5 acres (0.61 hectares) The property is held under Property Title Number: SL61264
Energy Performance Certificates The energy performance certificates for the units are as follows: Unit 4 – D94 Unit 5 – D83 Unit 6 – E118 Unit 7 – C62 Unit 8 – E123
Investment Summary The estate offers the opportunity to acquire a well maintained commercial estate in the sought after County of Shropshire. A purchase of the estate at the asking price reflects a low capital value of approximately £45.96 per sq ft. The continued asset management of the estate to the estimated rental value of £29,000 per annum and a return on investment of 10.27% after allowing for normal purchaser’s costs. The estate is currently 83% let with just one vacant unit remaining.
Tenancy Schedule The freehold interest in the estate. Title number SL61264 is offered for sale subject to the following occupational tenancies (The tenancy information was correct at the time of the preparation of the details): Unit No.
Sq ft
Occupier
Unit Status
Passing Rent
Vacant Rental (pa)
Per sq ft
Lease Start
Lease End
4
1,493
S Biggins Limited
Current
£6,763
–
£4.53
01/12/14
31/05/18
5
993
S Biggins Limited
Current
£4,498
–
£4.53
01/12/14
31/05/18
6
998
Daniel Mee
Current
£5,250
–
£5.26
14/04/16
13/04/19
7
1,001
–
Current
–
£5,250
£5.24
–
–
8
1,498
Vulcanising South West Limited
Current
£7,310
–
£4.88
07/08/16
06/08/19
Total
5,983
£23,821
£5,250
Whitchurch, Shropshire, SY13 1TT
Price
Location
The asking price is £275,000 (two hundred and seventy five thousand pounds).
Waymills Industrial Estate is well located on the edge of the town of Whitchurch and is situated within the wider Waymills Industrial area.
The asking Price equates to a Net Initial Yield of 8.43% (after allowing for purchasers costs of 1.5% and stamp duty).
The estate benefits from easy access to the M6, A4 and A525. The estate is within walking distance of Whitchurch town centre, a popular town providing all local amenities. Shrewsbury, Chester and Wrexham are all located within a 20 mile radius.
The asking price reflects a Net Reversionary Yield of 10.27% (based upon the letting of the vacant units at the ERV £29,000 per annum) after allowing for costs of 1.5% and stamp duty. The asking price reflects a capital value of £46.00 per sq ft. The average WAULT to expiry/break is 2.425 years.
Railway Station
VAT
Waymills Town Centre B5398
Waymills
Waymills Industrial Estate
It is understood that the estate is elected for VAT. It is anticipated that the sale of the estate will be treated as a TOGC (Transfer as a going concern) further details are available from the selling agents upon request.
B5398
Whitchurch Rail
A525
Legal Costs Each party will be responsible for their own legal costs incurred in respect of the sale of the estate.
Estate Management
Waymills Industrial Estate A51
Whitchurch
A500
A53
A50
A520 A52
Newcastle-under-Lyme
A53
Cheadle
Longton
15
A50
A34
A495 Loggerheads
Stone
A49
Oswestry
Sudbury
14
A518 A51
Stafford
A53
A5 A483
M6
A518Gnosall
Newport
Rugeley
A460
Shrewbury
A458 Welshpool
A523
Stoke-on-Trent
A525
B5398
Estate Management services can be provided if required.
16
E: [email protected] E: [email protected] F: 01743 443759 W: hallsgb.com A458
Telford
12
M54 3
Wheaton Aston
2
M6 T
1
A49
Managed by
www.langtreepp.co.uk/property/ waymills-industrial-estate B4371
Church Stretton
01925 255525 www.langtreepp.co.uk
Wolverhampton
9
Wallsall
Sutto Coldfie
8
A454
Bridgnorth
7
A449 Dudley
1
The Agents for themselves and for the Seller/Lessor of this property who agents they are give notice that: 1. These particulars do not2 constitute any part of an offer or a contract. 2. All statements contained in these particulars are made without responsibility on the part of the Agent(s) or the Seller/Lessor. Craven 3. None of the statements contained in these particulars is to be relied upon as a statement or M5of Arms Buyer or Tenant must satisfy himself by inspection orA442 representation of fact. 4. Any intending otherwise as to the correctness of each the statements contained in these particulars. 5. The Seller/Landlord does not make or give and neither the Agent(s) nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. September 2016. A38 Kidderminster
Designed by Future 01925 638 581 www.designbyfuture.co.uk Downton-onthe-Rock
A49
A449 A456
Tenbury Wells
5
Birmingham
Solihull
A34
4
A4117
Ludlow
M6
Redditch
waymills Industrial Estate Industrial Units 993 – 1,498 sq ft
Managed by
Whitchurch, Shropshire, SY13 1TT
Waymills
Industrial Estate Description Waymills Industrial Estate is a multi-let industrial estate comprising 5 industrial units, situated within one detached building. The building is of steel portal framework with part dual pitched profile sheet and part monopitched roof covers with brickwork elevations. The units benefit from an eaves height of approximately 4.5 metres to the main structures.
8 7 6 5
4
The units provide accommodation ranging in size from 993 to 1,498 sq ft, each containing small office accommodation. The current total accommodation is approximately 5,983 sq ft. The estate benefits from a total site area of approximately 1.5 acres (0.61 hectares). The external areas provide a generous provision of onsite car parking and landscaped areas.
Planning Waymills Industrial Estate is understood to benefit from planning consent for Use Class B1, B2 and B8 of The Town and Country Use Classes Order 1987. The Estate is a designated employment area.
Inspection/Further Information Strictly by appointment through Halls Commercial, Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR. Tel 01743 450700 reference James Evans. Mob 07792 222028 Email [email protected]
Site The Total Site Area: 1.5 acres (0.61 hectares) The property is held under Property Title Number: SL61264
Energy Performance Certificates The energy performance certificates for the units are as follows: Unit 4 – D94 Unit 5 – D83 Unit 6 – E118 Unit 7 – C62 Unit 8 – E123
Investment Summary The estate offers the opportunity to acquire a well maintained commercial estate in the sought after County of Shropshire. A purchase of the estate at the asking price reflects a low capital value of approximately £45.96 per sq ft. The continued asset management of the estate to the estimated rental value of £29,000 per annum and a return on investment of 10.27% after allowing for normal purchaser’s costs. The estate is currently 83% let with just one vacant unit remaining.
Tenancy Schedule The freehold interest in the estate. Title number SL61264 is offered for sale subject to the following occupational tenancies (The tenancy information was correct at the time of the preparation of the details): Unit No.
Sq ft
Occupier
Unit Status
Passing Rent
Vacant Rental (pa)
Per sq ft
Lease Start
Lease End
4
1,493
S Biggins Limited
Current
£6,763
–
£4.53
01/12/14
31/05/18
5
993
S Biggins Limited
Current
£4,498
–
£4.53
01/12/14
31/05/18
6
998
Daniel Mee
Current
£5,250
–
£5.26
14/04/16
13/04/19
7
1,001
–
Current
–
£5,250
£5.24
–
–
8
1,498
Vulcanising South West Limited
Current
£7,310
–
£4.88
07/08/16
06/08/19
Total
5,983
£23,821
£5,250
Whitchurch, Shropshire, SY13 1TT
Price
Location
The asking price is £275,000 (two hundred and seventy five thousand pounds).
Waymills Industrial Estate is well located on the edge of the town of Whitchurch and is situated within the wider Waymills Industrial area.
The asking Price equates to a Net Initial Yield of 8.43% (after allowing for purchasers costs of 1.5% and stamp duty).
The estate benefits from easy access to the M6, A4 and A525. The estate is within walking distance of Whitchurch town centre, a popular town providing all local amenities. Shrewsbury, Chester and Wrexham are all located within a 20 mile radius.
The asking price reflects a Net Reversionary Yield of 10.27% (based upon the letting of the vacant units at the ERV £29,000 per annum) after allowing for costs of 1.5% and stamp duty. The asking price reflects a capital value of £46.00 per sq ft. The average WAULT to expiry/break is 2.425 years.
Railway Station
VAT
Waymills Town Centre B5398
Waymills
Waymills Industrial Estate
It is understood that the estate is elected for VAT. It is anticipated that the sale of the estate will be treated as a TOGC (Transfer as a going concern) further details are available from the selling agents upon request.
B5398
Whitchurch Rail
A525
Legal Costs Each party will be responsible for their own legal costs incurred in respect of the sale of the estate.
Estate Management
Waymills Industrial Estate A51
Whitchurch
A500
A53
A50
A520 A52
Newcastle-under-Lyme
A53
Cheadle
Longton
15
A50
A34
A495 Loggerheads
Stone
A49
Oswestry
Sudbury
14
A518 A51
Stafford
A53
A5 A483
M6
A518Gnosall
Newport
Rugeley
A460
Shrewbury
A458 Welshpool
A523
Stoke-on-Trent
A525
B5398
Estate Management services can be provided if required.
16
E: [email protected] E: [email protected] F: 01743 443759 W: hallsgb.com A458
Telford
12
M54 3
Wheaton Aston
2
M6 T
1
A49
Managed by
www.langtreepp.co.uk/property/ waymills-industrial-estate B4371
Church Stretton
01925 255525 www.langtreepp.co.uk
Wolverhampton
9
Wallsall
Sutto Coldfie
8
A454
Bridgnorth
7
A449 Dudley
1
The Agents for themselves and for the Seller/Lessor of this property who agents they are give notice that: 1. These particulars do not2 constitute any part of an offer or a contract. 2. All statements contained in these particulars are made without responsibility on the part of the Agent(s) or the Seller/Lessor. Craven 3. None of the statements contained in these particulars is to be relied upon as a statement or M5of Arms Buyer or Tenant must satisfy himself by inspection orA442 representation of fact. 4. Any intending otherwise as to the correctness of each the statements contained in these particulars. 5. The Seller/Landlord does not make or give and neither the Agent(s) nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. September 2016. A38 Kidderminster
Designed by Future 01925 638 581 www.designbyfuture.co.uk Downton-onthe-Rock
A49
A449 A456
Tenbury Wells
5
Birmingham
Solihull
A34
4
A4117
Ludlow
M6
Redditch
