Toolstation, Units A & B, Plot A, Prince William Road, Loughborough, LE11 5GU

The property was built in the mid 1990’s and comprises a single storey steel portal framed industrial unit of full height cavity brick and blockwork to the front elevation, the remainder being lined and insulated profiled steel cladding under a fully lined and insulated pitched roof. The roof incorporates 10% translucent roof light panels. Internally the floor slab is solid concrete and the height to the underside of the eaves approximately 5.5m.

Vehicular access is provided to the unit by means of manually operated full height steel roller shutter doors with separate pedestrian entrance. Partitioned within the unit are office and administration areas and staff welfare facilities. This prominent trade counter unit sits within its own site providing valuable customer parking spaces.

The property is located on the corner of Prince William Road and Jubilee Drive just off Belton Road at the entrance to the Belton Park Industrial Estate approximately 1 mile from Loughborough town centre and 3 miles from J23 of the M1 Motorway. The location of the property is highly desirable at the entrance to what is arguably Loughborough’s premier industrial area opposite Loughborough’s B&Q Depot.

Freehold subject to and with the benefit of the occupational lease.

The property is let to Toolstation Ltd in its entirety by way of a full repairing and insuring lease for a term of 12 years from August 2016. The passing rent is £42,000 per annum until the end of the current term.

Toolstation is one of Britain’s fastest growing suppliers of tools, accessories, and building supplies to the trade, home improvers, and self-builders. They offer a multi-channel shopping experience, allowing customers to buy online, visit over 550 stores across the UK, or use their dedicated UK call centre. Toolstation provides a wide range of products, including electrical, plumbing, screws, fixings, and trade essentials. Toolstation Ltd (Registration number 04372131) have an Experian score of 100 and are regarded as being “very low risk”. For the period ending 31 December 2022 the company reported pre-tax profits of £15,000,000 and for the same period the company’s net worth was recorded at £112,000,000.

A copy of the Energy Performance Certificate is available on application.

The rent is subject to VAT charged at the prevailing rate, the sale can be treated as a TOGC for VAT purposes.

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from
the successful purchaser.

Offers are invited in excess of £750,000 (seven hundred and fifty thousand pounds) reflecting a 5.3% net initial yield having allowed 5.40% purchasers costs.