UNITS C2 & C5-C6 STAFFORD PARK 15 TELFORD | TF3 3BB HIGH YIELDING INDUSTRIAL/WAREHOUSE INVESTMENT INVESTMENT SUMMARY ◼ WELL LOCATED INDUSTRIAL UNITS 1.8 MILES FROM J5 M54 ◼ C5-C6 LET TO LVS SMALL PLASTIC PARTS LTD UNTIL 23RD JUNE 2022 AT A RENT OF £43,270 PER ANNUM (£5.00 psf) ◼ C2 LET TO PH BOILER SPARES LTD UNTIL 9TH SEPTEMBER 2020 AT A RENT OF £8,525 PER ANNUM (£5.58 psf) ◼ BUILT IN 1970’S, STEEL PORTAL FRAME CONSTRUCTION, BRICK ELEVATIONS, STEEL PROFILE ROOFS DEDICATED CAR PARKING AND YARDS ◼ LONG LEASEHOLD FOR A TERM OF 299 YEARS FROM COMPLETION WE ARE INSTRUCTED TO SEEK OFFERS IN EXCESS OF £600,000 WHICH REFLECTS A NIY OF 8.22% AFTER PURCHASERS COSTS OF 5.05%. A53 B506 1 B5060 SHREWSBURY A442 M54 A5 5 4 A449 M54 J5 TO SHREWSBU RY WISBECH TELFORD 3 M54 M6 Toll A606 STAMFORD 1 A34 2 M54 TO BIRMINGHA A5 LEICESTER M M54 A41 A449 A461 M6 A444 J4 A1139 A47 A458 A442 A452 WALSALL WOLVERHAMPTON A5 STAFFORD A49 PARK 7 PETERBOROUGH 9 A461 STAF FOR D PAR WEDNESBURY 8 K 1 STAFFOR A454 D PARK 6 A43 A4123 A41 STAF M6 FO BRIDGENORTH RD A449 PA RK 1 A41 A444 4 ST AFF RK 13 CORBY PA ORD D ST AFFORD P A5 R ARK 10 A458 PA M69 M1 RK A605 1 5 AFFOSTAF M6 T FO S R D PA CHATTERIS RK 18 A464 A6116 A442 A449 A442 A1(M) BIRMINGHAM A45 12 M5 RD PARK A49 SOLIHULL STAFFO A142 COVENTRY KETTERING ELY KIDDERMINSTER LUDLOW M42 A464 A141 A456 M42 A508 A46 M45 HUNTINGDON A449 A4177 REDDITCH A442 WELLINGBOROUGH <<Click here to open in Google Maps A435 M40 ROYAL A43 WARWICK LEAMINGTON A14 SATSPA NAV: TF3 3BB RUSHDEN A45 A423 NORTHAMPTON ST.NEOTS LEOMINSTER MAVERN M5 HILLS A6 A426 A422 A46 CAMBRIDGE A44 LOCATION WORCESTER A46 STRATFORD-UPON-AVON TRAVEL A421 M40 A428 The property is situated on Stafford Park 15, approximately 0.5 miles from the A442 Queensway Location Miles Drive Time A509 and A464 dual carriageways which provide access to Junction 4 and 5 of the M45 motorway, both A429 TOWCESTER A11 A4103 A508 M1 BEDFORD A44 approximately 2 miles away from the estate. Telford Town Centre is approximately 1.5 miles to M54 (J4) 1.6 4 mins A43 NEWPORT M11 EVESHAM PAGNELL A1 the West. M5 M54 (J5) 1.6 6 mins A5 Telford is a large new town in the BoroughA449 of Telford and Wrekin in the County of Shropshire.CHIPPING M6 (J10A) 18 19 mins A421 CAMPDEN ROYSTON A505 BRACKLEY Telford is considered one of the fastest growing towns in the United KingdomA46 with a population Wolverhampton 16 32 mins MILTON SAFFRON A44 A429 A5130 of 155,000. M50 KEYNES WALDEN THE Birmingham 33 40 mins COTSWOLDS BUCKINGHAM BLETCHLEY LETCHWORTH Telford has strong transport links, located approximately 35 miles to the north west of Birmingham London 154 2hrs 55 mins GARDEN CITY and 20 miles to the east of Shrewsbury. A6 HITCHIN A4146 A5 A10 A44 LUTON STEVENAGE BICESTER A120 STANSTED A505 A41 BISHOP’S DUNSTABLE KNEBWORTH A602 A418 STORTFORD A34 A435 A1(M) UNITS C2 & C5-C6 | STAFFORD PARK 15 | A417 TELFORD | TF3 3BB A1184 AYLESBURY WELWYN A40 GARDEN CITY WITNEY A41 HEMEL HARLOW OXFORD HEMPSTEAD ST ALBANS HATFIELD THAME A4010 A413 A414 M25 CIRENCESTER CHESHAM POTTERS BAR CHESHUNT A433 LONDON ABINGDON DESCRIPTION COVENANT INFORMATION Unit C5-C6 is arranged on ground floor only to provide two interconnecting industrial units benefitting from LVS Small Plastic Parts Ltd (company number 01154476) extensive warehouse, office and staff accommodation. The property benefits from two roller shutter loading doors Since 1975, LVS Small Plastic Parts has become a leading plastic (height 4.17m) and car parking to the front. The unit benefits from an eaves height of 5.10m. injection moulding company, and the contract manufacturing Unit C2 is arranged on ground and mezzanine floors to provide an industrial unit with the benefit of office and staff partner to some of the best companies in the UK. accommodation, and is currently being used as a trade counter. The property benefits from a roller shutter loading (http://www.small-plastic-parts.co.uk) door (height 4.10m) and car parking to the front. The unit benefits from an eaves height of 4.25m. They have been a tenant on site for the last 25 years, and also occupy 20,881 sq ft in units F1-F4 with a lease expiring 28th ACCOMMODATION February 2024. Additionally they own an adjoining parcel of land to this current unit. The property provides the following accommodation and dimensions: A summary of the company’s accounts are set out below. Unit C5-C6 Ground Floor 8,595 sq ft (798.50 sq m) Unit C2 Ground Floor 1,526 sq ft (141.70 sq m) YEAR ENDING CURRENT ASSETS SHAREHOLDERS FUNDS March 2016 £2,229,682 £718,187 TENURE March 2015 £1,997,605 £542,439 The property will be held on a long leasehold interest for a term of 299 years from completion at a ground rent of March 2014 £1,617,984 £487,535 £25 per annum. PH Boiler Spares Ltd (company number 07567397) A local trade counter operator who sell to both retail and trade customers. The business supplies boiler spares, boilers, radiators and plumbing supplies. They have been in occupation since September of 2014. A summary of the company’s accounts are set out below. YEAR ENDING CURRENT ASSETS SHAREHOLDERS FUNDS March 2017 £148,577 £79,534 March 2016 £144,922 £88,715 March 2015 £135,741 £54,179 UNITS C2 & C5-C6 | STAFFORD PARK 15 | TELFORD | TF3 3BB TENANCY ENERGY PERFORMANCE CERTIFICATE Unit C5-C6 is at present let to LVS SMALL PLASTICS PARTS LTD for a term of 5 years Unit C5-C6 has an EPC Rating of D-81. from 24th June 2017 at a current rent of £43,270 per annum. The lease provides for Unit C2 has an EPC Rating of D-84. a rent review on 24th June 2020, contains full repairing and insuring covenants, no schedule of condition and inside the LTA1954 Act. VAT The tenant also occupies units F1-F4 and has been in occupation for over 20 years. VAT will be payable on the purchase price, however provided that the relevant conditions are met, the sale will be treated as a TOGC. We suggest that interested parties seek Unit C2 is at present let to PH BOILER SPARES LTD for a term of 6 years from 10th independent expert advice. September 2014 at a current rent of £8,525 per annum. The lease contains full repairing and insuring covenants, no schedule of condition and inside the LTA1954 Act. The lease contained a tenant’s break which the tenant did not exercise. PROPOSAL We are instructed to seek offers in excess of£600,000 which reflects aNIY OF 8.22% after purchasers costs of 5.05%. Consideration will be given to the sale of C2 and C5-C6 separately. FURTHER INFORMATION For further information or to arrange a viewing please contact: Richard Bradbury Sam Sutton / Brodie Faint [email protected] [email protected] 07956 847446 07794 081052 [email protected] 07852 529977 DISCLAIMER: The Agents for themselves and for the vendors or lessors of the property whose agents they are give notice that, (i) these particulars are given without responsibility of The Agents or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; (ii) The Agents cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; (iii) no employee of The Agents has any authority to make or give any representation or enter into any contract whatsoever in relation to the property; (iv) VAT may be payable on the purchase price and / or rent, all figures are exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; (v) The Agents will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars. 11.17..