Two Freehold Trade Counter/Industrial Investments • To be offered as two separate Lots
• Unit 11E let to Unipart Service Company Limited until December 2015 (Lease Renewal)
• Unit 11F let to Scapa UK Limited until March 2013 (Lease Renewal)
• Popular industrial estate in close proximity to M1 motorway (Junction 11)
• 30Working Day Completions available
40 LOT 28 - UNIT 11F
Location Estimated Resident Population: 240,000 Miles: 5 miles west of Luton Airport 28 miles north of Central London
Roads: A6, A505, M1
Position The properties are located in an established industrial location, on CosgroveWay Industrial Estate, about one mile west of Luton town centre. The estate is accessed from the A5045 and Junction 11 of the M1 motorway is close by, approximately 500 yards to the north.
Nearby: B&Q, Aldi, Topps Tiles, Plumb Center, Kwik-Fit
Present Accommodation (approximate areas) (1) Lot Floor Accommodation
Gross Internal AreasTenant
27 Ground Trade Counter/Industrial 570.41 sq m (6,140 sq ft) UNIPART SERVICE/ COMPANY LIMITED (2)
28 Ground Trade Counter/Industrial 569.01 sq m (6,125 sq ft) SCAPA UK LIMITED (3)
Term
5 years from 25th December 2010 (Lease Renewal)
3 years from 25th March 2010 (Lease Renewal)
Rent £ £35,000 £37,381
(1) Areas provided by the Joint Auctioneer. (2) T/a Unipart Automotive (including its garage equipment arm, GES) is the UK’s largest independent supplier of car parts, workshop consumables and garage equipment to the aftermarket. Unipart Automotive are part of the Unipart Group, one of the largest independent logistics companies in Europe. Unipart Automotive has a nationwide network of 200 branches trading under Unipart Automotive, Partco Autoparts and Express Factors brands. For the year to 12/09, Unipart Service Company Limited reported a total turnover of £222.2 million and a net worth of £13.3 million (Sources: www.unipart.co.uk and One Source One-Stop Report).We understand the tenant wishes to assign the lease to Unipart Automotive Limited – please see legal documentation.
(3) Scapa UK Limited, formerly known as Selloptape Industrial Limited, is a worldwide leading manufacturer of bonding products and adhesive components for applications in the electronics, medical, industrial and transportation markets. For the year to 03/11 Scapa UK Limited reported a turnover of £16.2 million, pre-tax profits of £1.7 million and total assets of £30.4 million (Source: www.scapa.com and One Source One-Stop Report).
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor BRM Law. t: 01246 564025. e: james.alger@brmlaw.co.uk Ref: J Alger Esq. Joint Auctioneers Bromilows. t: 01725 513374 e: simon@bromilows.com Ref: S Bromilow Esq.
Description TWO TRADE COUNTER/INDUSTRIAL UNITS each arranged on the ground floor only. Each unit benefits from a central service yard.
Tenure Freehold.
VAT is applicable to these lots – please see Special Conditions of Sale.