UNDER OFFER
Units 20-21 Ellesmere Business Park, Income Producing Investment, Oswestry Road, Ellesmere, Shropshire, SY12 0EW
£800,000
£78.13 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
10,239 sq ft
951 sq m
- SECTOR
Light industrial facility for sale
- USE CLASSUse class orders: B1 Business, B2 General Industrial and B8 Storage and Distribution
B1, B2, B8
Key features
- Multi-let industrial investment, providing a total of approximately 10,239 sq ft.
- Located on the Ellesmere Business Park adjacent to the new development land.
- Annual rent of £61,000 by way of 2 new leases from August 2024.
- Low passing rentals of £6.22 sq ft and £5.44 per sq ft.
- Offers are sought in the region of £800,000 (eight hundred thousand pounds), subject to contract and exclusive of VAT. A purchase price at this level reflects an attractive Gross Yield of 7.63% and
- Very limited local supply with strong opportunity for rental growth in the future.
Description
LOCATION
The subject property is located on Ellesmere Business Park on the outskirts of the town centre. Ellesmere Business Park is the principal commercial area in the town and is home to other businesses such as Spunhill, Lakeside Coaches, Lakeside PVC Solutex, The Shropshire Distillery and CPC Training. Oswestry is 12 miles south of Wrexham and 17 miles north-west of Shrewsbury. It lies prominently on the A495, which is a major road connecting the A5 to other major towns across Shropshire.
DESCRIPTION
A modern light industrial unit built in approximately 2016 comprising primarily of a warehouse area with an eaves height of approx. 6.8m (OS data). The property also benefits from good quality office accommodation to the front and two roller shutter doors to the rear and generous on-site private car parking.
The property sits on a site area of 0.538 acres with a site density of 39%.
Additional development could be accommodated on the Eastern boundary of the site, which is currently unutilised, subject to obtaining the necessary planning consents.
The subject property has been sub-divided and is currently leased to two tenants.
ACCOMMODATION
The property has been measured on a gross internal basis in accordance with RICS recommended practice.
The property has been subdivided as follows:
Unit A - Ground Floor: 5,091 sq ft (warehouse, ancillary, offices)
First Floor: 1,747 sq ft (offices)
Total: 6,838 sq ft
Unit B - Ground Floor: 3,401 sq ft (warehouse only)
Total 10,239 sq ft
Purchasers to rely on their own measured survey.
TENANCY INFORMATION
Unit A
Annual Rent: £42,500
Tenant: Fullwood Services Limited (Company No. 14163167) with a guarantor from Chamo B.V (Company Number KVK 73240044. BTW Nummer NL B.01), trading as Fullwood Joz.
Lease: 10 years from 19th August 2024
Break: 19th August 2029
Repair: FRI (subject to a schedule of condition)
Unit B
Annual Rent: £18,500
Tenant: HMW Limited (Company No. 04428374) trading as Oakdale Beds.
Lease: 10 years from 26th August 2024
Break: 26th August 2029
Repair: FRI
A copy of both leases can be provided on request.
COVENANT
Unit A
Fulwood where acquired by a Dutch based company known as Joz in June 2022 to re-enforce their position as a premium international supplier of fully integrated milking solutions. (
Unit B
Oakdale Beds (HMW Ltd) is a family run business trading since 2002 selling high quality adjustable beds ( and they have been in occupation in Unit B since it was built in 2016.
SERVICES
We understand that mains electricity, water, gas and drainage are connected. Services have not been tested by the agent.
TOWN PLANNING
Prospective purchasers should rely on their own enquiries with the Planning Authority but it is understood that the unit has appropriate planning permissions for the existing uses.
TENURE
Virtual Freehold/Long Leasehold (Title No. SL181378). A copy of the Title Registers and Plans is available upon request. The Long Leasehold interest has approx.. 981 years unexpired.
VAT
The property is elected for VAT. It is envisaged that the sale can be treated as a transfer of a going concern (TOGC).
LEGAL COSTS
Each party will be responsible for their own legal costs
ENERGY PERFORMANCE
The property has an Energy Performance Asset Rating of B34. A full copy of the Energy Performance Certificate is available.
FURTHER INFORMATION / VIEWING
Please contact Jonty Goodchild of Bolton Birch.
The subject property is located on Ellesmere Business Park on the outskirts of the town centre. Ellesmere Business Park is the principal commercial area in the town and is home to other businesses such as Spunhill, Lakeside Coaches, Lakeside PVC Solutex, The Shropshire Distillery and CPC Training. Oswestry is 12 miles south of Wrexham and 17 miles north-west of Shrewsbury. It lies prominently on the A495, which is a major road connecting the A5 to other major towns across Shropshire.
DESCRIPTION
A modern light industrial unit built in approximately 2016 comprising primarily of a warehouse area with an eaves height of approx. 6.8m (OS data). The property also benefits from good quality office accommodation to the front and two roller shutter doors to the rear and generous on-site private car parking.
The property sits on a site area of 0.538 acres with a site density of 39%.
Additional development could be accommodated on the Eastern boundary of the site, which is currently unutilised, subject to obtaining the necessary planning consents.
The subject property has been sub-divided and is currently leased to two tenants.
ACCOMMODATION
The property has been measured on a gross internal basis in accordance with RICS recommended practice.
The property has been subdivided as follows:
Unit A - Ground Floor: 5,091 sq ft (warehouse, ancillary, offices)
First Floor: 1,747 sq ft (offices)
Total: 6,838 sq ft
Unit B - Ground Floor: 3,401 sq ft (warehouse only)
Total 10,239 sq ft
Purchasers to rely on their own measured survey.
TENANCY INFORMATION
Unit A
Annual Rent: £42,500
Tenant: Fullwood Services Limited (Company No. 14163167) with a guarantor from Chamo B.V (Company Number KVK 73240044. BTW Nummer NL B.01), trading as Fullwood Joz.
Lease: 10 years from 19th August 2024
Break: 19th August 2029
Repair: FRI (subject to a schedule of condition)
Unit B
Annual Rent: £18,500
Tenant: HMW Limited (Company No. 04428374) trading as Oakdale Beds.
Lease: 10 years from 26th August 2024
Break: 26th August 2029
Repair: FRI
A copy of both leases can be provided on request.
COVENANT
Unit A
Fulwood where acquired by a Dutch based company known as Joz in June 2022 to re-enforce their position as a premium international supplier of fully integrated milking solutions. (
Unit B
Oakdale Beds (HMW Ltd) is a family run business trading since 2002 selling high quality adjustable beds ( and they have been in occupation in Unit B since it was built in 2016.
SERVICES
We understand that mains electricity, water, gas and drainage are connected. Services have not been tested by the agent.
TOWN PLANNING
Prospective purchasers should rely on their own enquiries with the Planning Authority but it is understood that the unit has appropriate planning permissions for the existing uses.
TENURE
Virtual Freehold/Long Leasehold (Title No. SL181378). A copy of the Title Registers and Plans is available upon request. The Long Leasehold interest has approx.. 981 years unexpired.
VAT
The property is elected for VAT. It is envisaged that the sale can be treated as a transfer of a going concern (TOGC).
LEGAL COSTS
Each party will be responsible for their own legal costs
ENERGY PERFORMANCE
The property has an Energy Performance Asset Rating of B34. A full copy of the Energy Performance Certificate is available.
FURTHER INFORMATION / VIEWING
Please contact Jonty Goodchild of Bolton Birch.
Energy Performance Certificates
EPC 1Brochures
Units 20-21 Ellesmere Business Park, Income Producing Investment, Oswestry Road, Ellesmere, Shropshire, SY12 0EW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gobowen Station5.4 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference Units20and21EllesmereBusinessPark. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bolton Birch, Chester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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