T J Vickers

  • Industrial
Knights Way, 4A, Shrewsbury
POA
Price on Application
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  • Industrial

T J Vickers

SY1 3AB, shrewsbury
POAi

ABOUT THIS PROPERTY

Location The property is prominently situated fronting onto Knights Way and forms part of the Battlefield Enterprise Park which is an established motor trade location with Mazda, BMW, Toyota, Peugeot, Nissan, Audi, Honda, Subaru, Ford and Mercedes all located within the immediate vicinity of the property. The closest Fiat, Suzuki, Alfa Romeo, Chrysler and Jeep dealerships to the property are at Telford, which is over 15 miles to the east. The property is prominently positioned adjacent to Jardine Motors Group’s Audi car dealership and fronting onto Knights Way, close to the island that acts as an intersection for the A528 and the A5124 and serves as a link road to the A5/M54. Description The property comprises a modern, purpose built, car dealership. The construction of the unit utilises a steel portal framework overclad with profile steel sheeting beneath a composite steel sheet roof. There is full height glazing to the front elevation providing showroom accommodation and there is a workshop at the rear of the property. The property has first floor offices, amenity and ancillary areas. The accommodation is surrounded by tarmacadam forecourt areas and has the benefit of approximately 180 car parking spaces to the side and rear. Ground floor Showroom 4,692 sq ft(436 sq m) Workshop and parts 8,321 sq ft (773 sq m) First floor offices and amenity areas 2,920 sq ft (271 sq m) Total accommodation 15,933 sq ft (1,480.08 sq m) Site area 1 acre (0.405 hectares) Tenure The property is held on a 999 year lease at a peppercorn rent (further details available from the selling agents upon request) Tenancy The entire property is let to T J Vickers & Sons Limited for a term of 15 years from the 1st October 2015 on Full Repairing and Insuring Terms at a rent of £120,000 per annum. The lease is subject to upward only rent reviews at five yearly intervals to the higher of Open Market Rent or Annual RPI Indexation subject to a Cap and Collar of 1% and 4% respectively. There is a Tenants Option to Determine the lease at the 10th year subject to 12 months prior notice.

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