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Commercial Development for sale

Unit B, Riverside Drive, Cleckheaton, BD19

Guide Price* £1,400,000
26,600 sq. ft.

Property Description

Commercial information

  • 26,600 sq ft (2,471 sq m)

Key features

  • Substantial Freehold Office Investment
  • Fully let producing 160,000per annum
  • 2,476.7 sq m (26,600 sq ft)
  • FOR SALE BY AUCTION 3rd JULY 2018

Full description

The property is arranged on ground and one upper floor to provide ground and first floor offices with ancillary warehouse on part ground floor. Externally, the property provides parking spaces for some 55 cars.
The property is at present let to Schawk UK Ltd (with a guarantee from Matthews International Corporation) for a term of 5 years from 4th March 2018 at a current rent of £160,000 per annum. The lease contains full repairing and insuring covenants.
(1) There is a tenant's option to determine the lease on 3rd March 2020 on six months' notice.
NB. The business has operated from the property for over 20 years.
Schawk UK Ltd is a leading global brand production and deployment company, part of SGK, a division of Matthews International Corporation (source www.schawk.com). Matthews International Corporation was formed in the US in 1902 and now employs over 10,000 people in more than 100 locations over six continents (www.matw.com).
For the year ended 30th September 2016, Schawk UK Ltd reported a turnover of £47.122m, a pre-tax profit of £5.981m, shareholders' funds of £16.042m and a net worth of £16.042m. (Source: Experian 06.06.2018.)


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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Walker Singleton, Commercial on 01422 430000.


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