Pentagon Secure Packaging
Beam Heath Way
Nantwich, CW5 6PQ£795,000
freehold
For Sale
Available
Description
The property comprises the following: - Detached manufacturing/ warehouse unit situated on a self-contained site - Steel portal frame construction with part blockwork and part steel insulated sheet cladding - Steel sheet cladding with translucent light panels to the roof - Warehouse area fitted out with racking - Ground floor office incorporating a welfare and reception area - First floor office which comprises further office accommodation - Servicing is by way of 2 x loading doors with one to the front and side elevation - Good external area with L shaped yard providing car parking. - Self contained with perimeter fencing and gates - 7 metre eaves
- Quoting £795,000 which reflects a NIY of 6.25% assuming purchasers costs of 5.48%
- Passing Rent of £52,400 per annum
- Let to Pentagon Secure Packaging Ltd on an FRI lease for a term of 8 years from 03/07/2025
- 5,823 square ft (540.97 sq metres)
- Steel Portal Frame Construction
- Detached and Self Contained
- 0.37 Acres
- Freehold
Proposal
We are instructed to seek offers in excess of £795,000 subject to contract and exclusive of VAT A purchase at this level reflects a NIY of 6.25% assuming purchasers costs of 5.48%
Tenure
The Property is held Freehold (Title Numbers: CH444067 and CH444068)
VAT
The property is elected for VAT and it is the intention to treat the transaction as a Transfer of Going Concern
Covenant
Pentagon Secure Packaging Ltd have an Experian rating of 100 and "very low risk". The company specialise in the packaging, storing and distribution of paper sacks and associated products. The premises hold a range of stock products including paper sacks, FIBC's, pallet covers, stretch wrap, crepe, yarns and twines. The company supplies many different industry sectors including food manufactures, flour millers, animal feed manufacturers and quarries. The company has been operating in different names since 1979
Tenancy
The Property is let on the following basis: - A full repairing and insuring lease to Pentagon Secure Packaging Ltd (Company Reg: 10472655). - An 8 year lease from 03/07/2025 to 02/07/2033. - A passing rent per annum of £52,400 which reflects a rate per sq ft of £9.00. - Rent Review 03/07/2029 linked to OMV - No break notices. - The tenant has been in occupation since 2022.
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