Example: dental hygienist

Slough Units1-3

SloughINTERCHANGEWHITTENHAM CLOSE, Slough SL2 5 EPUnits 1-3 PRIME THAMES VALLEYREVERSIONARY INDUSTRIALINVESTMENT OPPORTUNITY Forms part of a well established, multi-let industrial estate located in Slough town centre, a major commercial hub within the Thames Valley Slough is 20 miles west of central Londonand 5 miles from theM25 motorway. The estate has convenient access to Junctions 5,6 and 7 of the M4, via Bath Road (A4) The property forms part of the Slough Interchange Industrial Estate,an award winningscheme developed in 2005 The property comprises threeindustrial units arranged in a singleterrace and extending to approximately 46,094 sq ft (GIA), with aminimum eaves height of metres, roller shutter doorsandair conditioned offices Prominent site of acres Let in its entirety to AGI World Ltdon two co-terminus 10 yearleases, with a headline rent of 414,825 per annum, reflecting alow average headline rent of per sq ft.

Forms part of a well established, multi-let industrial estate located in Slough town centre, a major commercial hub within the Thames Valley Slough is 20 miles west of Central London and 5 …

Tags:

  Central, Units1 3, Units1, Of central

Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Other abuse

Transcription of Slough Units1-3

1 SloughINTERCHANGEWHITTENHAM CLOSE, Slough SL2 5 EPUnits 1-3 PRIME THAMES VALLEYREVERSIONARY INDUSTRIALINVESTMENT OPPORTUNITY Forms part of a well established, multi-let industrial estate located in Slough town centre, a major commercial hub within the Thames Valley Slough is 20 miles west of central Londonand 5 miles from theM25 motorway. The estate has convenient access to Junctions 5,6 and 7 of the M4, via Bath Road (A4) The property forms part of the Slough Interchange Industrial Estate,an award winningscheme developed in 2005 The property comprises threeindustrial units arranged in a singleterrace and extending to approximately 46,094 sq ft (GIA), with aminimum eaves height of metres, roller shutter doorsandair conditioned offices Prominent site of acres Let in its entirety to AGI World Ltdon two co-terminus 10 yearleases, with a headline rent of 414,825 per annum, reflecting alow average headline rent of per sq ft.

2 A guarantee isprovided by AGI Media UK Ltd Leases include a break option in November 2018, resulting in anaverage weighted unexpired term certain of approximately years Freehold Offers are sought in excess of 5,800,000 (Five Million EightHundred Thousand Pounds), subject to contract and exclusive of VAT, which reflects a Net Initial Yield of , assumingstandard purchaser s costs of SummaryUnits 1-3, Slough Interchange, Whittenham Close, Slough SL2 5 EPPrime Thames Valley Reversionary Industrial Investment OpportunityBATH ROADSLOUGH ROADUXBRIDGE ROADLONDON ROADFARHHAM ROADCHURCH STSTOKE ROADLANGLEY ROADLANGLEY PARK ROADPARLAUNT ROADUPTON COURT ROADWEXHAM ROADHORTON ROADM4M25M4A4 IverSloughLangleyHeathrowAirportCentralL ondonReadingA355A355A4A4J6J5J4BJ15J15J4 BUnits 1-3, Slough Interchange, Whittenham Close, Slough SL2 5 EPPrime Thames Valley Reversionary Industrial Investment OpportunityThe property is located in Slough .

3 A major commercial centre within theThames Valley. The town is approximately 20 miles (32 km) west ofCentral London, 18 miles (29 km) north east of Reading and 7 miles (11km) east of Maidenhead. Slough enjoys excellent connectivity to the national motorway network,with Junctions 5, 6 and 7 of the M4 conveniently accessed via the A355and A4. Junction 15 of the M25 motorway is approximately 5 miles (8km) to the east, which in turn provides access to the M40 and M3motorways. The property is situated on Whittenham Close and forms part of anestablished commercial area within Slough town centre. The estate isconveniently located within easy walking distance of Slough trainstation. Regular train services run into London Paddington fromSlough, with a fastest journey time of approximately 18 minutes.

4 Otherdirect services include Reading (16 mins) and Oxford (42 mins). London Heathrow Airport is located approximately 7 miles (11 km) tothe east, whilst Gatwick Airport is 46 miles (74 km) to the south port of Southampton is easily accessible with a drive time ofapproximately 1 hour 15 UNION CANALUXBRIDGE ROADWELLINGTON ST LONDON RDBATH ROADWELLINGTON STWEXHAM ROADWINDSOR ROAD WILLIAM ST STOKE ROADLEDGERS ROAD STOKE POGES LANEELLIMAN AVE SHAGGY CALF LANEMIRADOR CRESPETERSFIELD AVENUES loughA4 NUnits 1-3, Slough Interchange, Whittenham Close, Slough SL2 5 EPPrime Thames Valley Reversionary Industrial Investment OpportunityThe property forms part of the Slough Interchange Industrial Estate andcomprises of three industrial units arranged in a single terrace.

5 Internallythe units have been inter-connected at both ground and first floor levels,to suit the tenant s occupational requirement. Unit 1 extends to 11,269 sq ft (GIA) whilst Units 2 and 3 together total34,825 sq ft (GIA) respectively. The combined area of all three units totals46,094 sq ft (GIA).The scheme was developed by Chancerygate and awarded Best IndustrialDevelopment in 2005. The units present very well and benefit from the following specification: Steel portal frame construction with fully fitted metal cladelevations and pitched roofs Eaves heights of metres Surface level loading doors Floor loading 35 kN/sq m Three phase electricity supply Fully fitted, air conditioned offices Generous yard and parking areas to the front of each unitDescriptionUnits 1-3, Slough Interchange, Whittenham Close, Slough SL2 5 EPPrime Thames Valley Reversionary Industrial Investment OpportunityThe site is broadly rectangular in shape with a total area of acres ( hectares).

6 Site & TitlePlanning use is flexible with B1(c), B2 and B8 uses permitted. PlanningMastWElSub StaAlbion House2111 Slough Interchange Industrail Estate14121534 For indicative purposes onlyUnits 1-3, Slough Interchange, Whittenham Close, Slough SL2 5 EPPrime Thames Valley Reversionary Industrial Investment OpportunityThe property is let in its entirety on FRI leases to AGI World Ltd, a globalpackaging and printing business, with facilities throughout the world. Aguarantee is provided by AGI Media UK Ltd. The tenant re-geared their two leases in November 2013, in accordance with the tenancy schedule below. The two new leases included a three month rentfree incentive. The property provides an average weighted unexpired of approximately to break leases benefit from security of tenure and upwards only rent reviews inyear 5.

7 The next rent review is on 1st November 2018. The original rents prior to the re-gears suggests a reversionary rental profile. TenancyUnitTenantArea (GIA) LeaseNext RentBreakLeaseHeadline RentHeadline Rent Tenancy Comments(Guarantor)(sq ft)StartReviewOptionExpiry(per annum)(per sq ft)1 AGI World Ltd11,269 01/11/201301/11/201801/11/201831/10/2023 101,400 break option subject to six months notice.(AGI Media UK Ltd)Additional 3 months' rent free if tenant does not exercise & 3 AGI World Ltd34,825 01/11/201301/11/201801/11/201831/10/2023 313,425 break option subject to six months notice.(AGI Media UK Ltd)Additional 3 months' rent free if tenant does not exercise ,094 414,825 1-3, Slough Interchange, Whittenham Close, Slough SL2 5 EPPrime Thames Valley Reversionary Industrial Investment OpportunityThe tenant produces specialist printing and packaging products, with facilitiesthroughout the world.

8 The business was recently shortlisted for the prestigiousUK Packaging Awards 2013, with its key clients including Paramount, Superdrug,Boots and Disney. Units 2 & 3 have been fitted out with multi million pound manufacturingequipment, while Unit 1 is used for tenant and its guarantor have reported the following accounts:CovenantsThe service charge on the park is approximately per sq ft. Additional information is available on request. Service ChargeTenantCompany No. WebsiteDun & BradstreetAccountingTurnoverProfit/(Loss ) Before TaxesTangible Net WorthRatingDate(000 s)(000 s)(000 s)AGI World 1 Dec-1254,574-13,47671,612 Minimum RiskDec-1157,76539688,135 Dec-1052,6903,29088,104 GuarantorCompany No.

9 WebsiteDun & BradstreetAccountingTurnoverProfit/(Loss ) Before TaxesTangible Net WorthRatingDate(000 s)(000 s)(000 s)AGI Media UK 3 Dec-12 Not provided5,90741,708 Greater thanDec-11-4975,561 Average RiskDec-10-4656,058 DatePropertyAWULTCP riceNIYM arch 2014 Aylesford Logistics Centre, Way, AylesfordMarch 2014 Park Royal Industrial Centre, 2013 Everything Everywhere Ltd, Royals, Park RoyalNov 2013 Units 3 & 4, Northpoint Centre, West DraytonMay 2012 Riverside Cargo Centre, ComparablesThe property is held property has been elected for VAT purposes. It is the intention of thevendor to treat this transaction as a Transfer of a Going Concern (TOGC).VATU nits 1-3, Slough Interchange, Whittenham Close, Slough SL2 5 EPPrime Thames Valley Reversionary Industrial Investment OpportunityUnits 1-3, Slough Interchange, Whittenham Close, Slough SL2 5 EPPrime Thames Valley Reversionary Industrial Investment OpportunityOffers are sought in excess of 5,800,000 (Five Million Eight HundredThousand Pounds), subject to contract and exclusive of VAT, whichreflects a Net Initial Yield of , assuming standard purchaser scosts of ProposalFurther information to include Energy Performance Certificates can beobtained on request.

10 To arrange an inspection please contact:John 328 9088 Tom 328 9095 Henry 328 9093 Further InformationDesigned & Produced byCORMACK020 7620 1205 Turner Real Estate LLPon its behalf and for the Vendors or Lessors of this property whose Agentsthey are, give notice that:1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, anddo not constitute any part of an offer or Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties shouldnot rely on them as statements or representations of fact, but must satisfy themselves by inspection orotherwise as to the correctness of each of No person in the employment of Dowley Turner Real Estate LLP has any authority to make anyrepresentation or warranty whatsoever in relation to this Unless otherwise stated, all priced and rents are quoted exclusive of VAT.


Related search queries