sw.co.ukUNITS 1 & 3, WATERLOO INDUSTRIAL PARK, WATERLOO ROAD, BIDFORD-ON-AVON, WARWICKSHIRE B50 4JH

FOR SALE, LONG LEASEHOLDGuide price: £430,000

Location

The properties are located just off Wellington Road within the established Waterloo Industrial Estate in Bidford

on Avon. The estate benefits from easy access to the A46 connecting the M5 Motorway at Tewkesbury, the

M40 Motorway at Warwick and M6 Motorway at Coventry.

Description

The units are of portal frame and brick and block construction with an profile sheet clad roof.

Internally the properties are arranged to provide warehouse, office and staff facilities along with a heavy duty

mezzanine floor. Externally there is a block paviour forecourt providing three parking spaces in front of each

and yard area in front of the roller shutter door.

The units extend to the following approximate gross internal areas:

Tenure

We understand that both properties are held long leasehold in tenure from a term of 125 years from 25

December 1988. There is ground rent payable to the Freeholder which is set to double every 15 years from an

initial rent of £150 per annum per unit, at the start of the term.

The property is sold as an income producing investment, subject to a full repairing and insuring occupational

leases to KSB Precision Ltd. The leases will be concurrent for a term of 10 years from the date of completion

at a total initial rent of £31,500 per annum (£15,500 pa for unit 1 and £16,000 pa for unit 3). There will be a

tenant option to break after 5 years.

UNITS 1 & 3, WATERLOO INDUSTRIAL PARK

SQ M SQ FT

Unit 1

Ground floor 227.30 2,447

Mezzanine 66.81 719

294.11 3,166

Unit 3

Ground floor 223.86 2,410

Mezzanine 94.54 1,018

318.40 3,428

Total GIA of both units 612.51 6,594

Unit 3

Unit 1

UNITS 1 & 3, WATERLOO INDUSTRIAL PARK

Assessment

The properties have been assessed for business rates, with the following 2017 rateable values:

• Unit 1 of £15,250 (Stratford on Avon District Council, 2017). • Unit 3 of £13,000 (Stratford on Avon District Council, 2017).

Energy Performance

• Unit 1 has an Energy Performance Rating of G with a score of 152.

• Unit 3 has an Energy Performance Rating of F with a score of 147.

The vendors will carry out improvement works to both units before a sale completes to that they

conform with the current MEES regulations.

Price

Both units are for sale Long Leasehold as one lot at £430,000, exclusive, subject to contract.

Consideration will also be given to selling the units individually, as follows:

Unit 1: £210,000, exclusive.

Unit 3: £220,000, exclusive.

VAT

Unit 3 (only) is elected for VAT, which will be payable in addition to the purchase price.

Unit 1

Unit 3

Misrepresentation Act 1967: Messrs Sanderson Weatherall LLP for itself and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1) These

particulars do not constitute any part of an offer or contract; 2) None of the statements contained in these particulars as to the properties are to be relied on as statements of

representations of fact; 3) Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars;

4) The vendor(s) or lessor(s) do not make or give and neither Messrs Sanderson Weatherall LLP nor any person in their employment has any authority to make or give any

representation or warranty whatsoever in relation to this property; 5) None of the building’s services or service installations (whether these be the specific responsibility of the

freeholder, lessor or lessee) have been tested and are not warranted to be in working order. Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of

VAT. Consumer Protection from Unfair Trading Regulations 2008 and Business Protection from Misleading Marketing Regulations 2008; Every reasonable effort has been made by

Sanderson Weatherall to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to

verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice.

Money Laundering

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

Sanderson Weatherall LLP Registered in England company number OC 344 770 Registered Office 6th floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL

August 2018

sw.co.uk

Strictly by prior appointment with the agents:

James Carver BSc (Hons) MRICS

0121 269 0022

james.carver@sw.co.uk

Sanderson Weatherall LLP,

122 Colmore Row, Birmingham, B3 3BD