investments for sale

Two industrial units that broadly comprise:

Main Production Facility & Offices 

Purpose built detached industrial/production unit with attached two storey offices. Main production unit of steel frame construction with a mixture of facing brickwork and profiled and insulated sheet cladding to the elevations under a pitched, profiled and insulated roof. Features include: 

• Eaves heights of 5m & 6.5m 

• 2Nr insulated up and over loading doors. 

• Attached two storey offices incorporating a mix of open plan and cellular work spaces. 

• Staff welfare and WC facilities 

• Car parking and vehicular circulation areas 

• The property has a floor area of approximately 24,165 sq ft £2,244.97 sq m, measured on a Gross Internal Area basis (GIA)

Unit 3

A modern detached industrial/storage unit of portal steel frame construction with a mixture of facing brickwork and profiled insulated cladding to the elevations under a pitched, profiled and insulated roof. Features include : 

• Eaves height of approximately 6.3 m 

• Vehicular access is via a roller shutter loading door. 

• 2 storey office incorporating WC facilities. 

• Car parking and vehicular circulation areas. 

• The property has a floor area of approximately 7,255 sq ft (673.95 sq m) measured on a Gross Internal Area (GIA) basis. 

Tenure

The vendors own the Freehold interest in the main production facility and a leasehold interest in Unit 3. The leasehold interest commenced on 27th April 2007 and is for a term of 60 years and ending on 26th April 2067. The ground rent is currently £10,000 per annum exclusive. 

The properties are let by way of an occupational leases to Edmo Limited on the following main terms. 

Main Production Facility

• A Full Repairing and Insuring lease (subject to a schedule of condition) for a term of 10 years commencing on 1st September 2022 and ending on 31st August 2032. 

• A tenants option to break on the 31st August 2027 

• A rent review on 1st September 2027 

• Passing rental of £128,500 per annum exclusive. 

Unit 3 

• A Full Repairing and Insuring lease (subject to a schedule of condition) for a term of 10 years commencing on 1st September 2022 and ending on 31st August 2032. 

• A tenants option to break on the 31st August 2027

• A rent review on 1st September 2027 

• Passing rental of £36,000 per annum exclusive. 

The Tenant

Edmo Limited were incorporated in 1978 and are specialists in metal fabrication and aluminium extrusions across a range of industries. Their year-end 2022 accounts demonstrate a turnover of £17,267,000 with a pre-tax profit of £804,000.