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Amefa Warehouse, 52 Orgreave Drive, Dorehouse Industrial Estate, Sheffield, S13 9NR Industrial Unit Investment Opportunity
Amefa Warehouse, 52 Orgreave Drive, Dorehouse Industrial Estate, Sheffield, S13 9NR Industrial Unit Investment Opportunity
Amefa Warehouse, 52 Orgreave Drive, Dorehouse Industrial Estate, Sheffield, S13 9NR Industrial Unit Investment Opportunity

Amefa Warehouse, 52 Orgreave Drive, Dorehouse Industrial Estate, Sheffield, S13 9NR

Industrial Unit Investment Opportunity

Amefa Warehouse, 52 Orgreave Drive, Dorehouse Industrial Estate, Sheffield, S13 9NR Investment Summary • Located

Amefa Warehouse, 52 Orgreave Drive, Dorehouse Industrial Estate, Sheffield, S13 9NR

Investment Summary

Located on an established industrial estate approx 5 miles (8 km) east of Sheffield City Centre.

Excellent access to the M1 motorway with Junctions 31 and 33 within circa 4 miles (6 km).

Modern detached industrial and office premises extending to 37,393 sq ft (3,474 sq m) on a self contained site.

Let to Amefa (UK) Ltd until 20/02/2018 (Tenant break February

2013).

Lease guaranteed by the parent company Apeldoornsche Messenfabriek Amefa B.V.

Current passing rent of £177,600 per annum (£4.75 per sq ft).

Offers sought in excess of £1,750,000 reflecting a net initial yield of 9.60% assuming purchaser’s costs of 5.725%.

Location & Situation

The Dorehouse Industrial Estate is located in the district of Handsworth approx 4.8 miles (8 km) east of Sheffield City Centre.

The property benefits from excellent communication links with junction 31 and 33 of the M1 within close proximity.

Public transport links to Dorehouse are provided by buses running along Retford Road (B6200) and Woodhouse Railway Station which provides regular services to Sheffield City Centre and satellite towns.

The areas to the west and south of the property are predominantly residential being the Handsworth and Woodhouse suburbs of Sheffield respectively.

The Property is situated on Orgreave Drive, the main route through the Dorehouse Industrial Estate. Access to the Dorehouse Estate is provided via Orgreave Way and Orgreave Road.

Orgreave Way to the south meets the B6200 (Handsworth Road) which in turn links with the A57 and subsequently Junction 31 of the M1 motorway approx 4.5 miles (7 km) south east.

Access north out of the estate is provided via Orgreave Road which leads to the B6066 (Rotherham Road) which takes traffic north past the Sheffield Advanced Manufacturing Park and to the A630 (Sheffield Parkway) leading west to the city centre or east to Junction 33 M1 motorway.

Description

The property comprises a broadly ‘L’ shaped industrial warehouse with external offices to the front and part side. The original structure was subject to a programme of refurbishment and an extension in 2005 to provide additional warehouse space to the north west elevation.

The warehouse is of steel portal framed construction with an eaves height of 10m beneath profile metal sheet cladding and block work walls to a height of approximately 2.8m.

Internally the accommodation benefits from concrete floors, two dock level loading doors along with one further roller shutter door. Natural light is provided by translucent roof panels, with artificial lighting by high density down lighters.

The office accommodation is of brick construction beneath a flat roof. Internally the accommodation benefits from carpet tiled floors, plaster and painted walls and suspended ceilings incorporating diffused florescent tube lighting. Heating is provided by a gas fired heating system.

Accommodation

The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and provides the following gross internal floor areas:

Accommodation

Sq. M

Sq. Ft

Warehouse

2819.26

30,347

Ground Floor Offices

330.55

3,558

First Floor Offices

324.06

3,488

Total

3,473.87

37,393

Tenure

The property is held Freehold.

Tenancy

The property is let to Amefa (UK) Ltd under a lease commencing 16/01/2007 and expiring on 20/02/2018. The lease is drawn on full repairing and insuring terms.

The current passing rent of £177,600 per annum equates to £4.75 per sq ft.

There is a Tenants Option to Determine dated 21/02/2013 subject to not less than 6 months notice.

The lease is guaranteed by the parent company, Apeldoornsche Messenfabriek Amefa B.V

Currently there are approximately 43 designated parking bays.

The property occupies a broadly rectangular site of approximately 1.62 aces (0.66 hectares).

Warehouse extension for illustrative purposes only. This Plan is based upon the Ordnance Survey Map
Warehouse extension for illustrative purposes only.
This Plan is based upon the Ordnance Survey Map with the sanction of the Controller
of H.M. Stationery Office. Crown Copyright reserved. (ES763454). This Plan is
published for the convenience of Purchasers only. Its accuracy is not guaranteed and
it is expressly excluded from any contract. NOT TO SCALE.
This Plan is based upon the Ordnance Survey Map with the sanction of the Controller
This Plan is based upon the Ordnance Survey Map with the sanction of the Controller
of H.M. Stationery Office. Crown Copyright reserved. (ES763454). This Plan is
published for the convenience of Purchasers only. Its accuracy is not guaranteed and
it is expressly excluded from any contract. NOT TO SCALE.
This Plan is based upon the Ordnance Survey Map with the sanction of the Controller
This Plan is based upon the Ordnance Survey Map with the sanction of the Controller
of H.M. Stationery Office. Crown Copyright reserved. (ES763454). This Plan is
published for the convenience of Purchasers only. Its accuracy is not guaranteed and
it is expressly excluded from any contract. NOT TO SCALE.

Covenant

The latest three year accounts for Amefa (UK) Ltd and the Dutch company are as follows:

Amefa (UK) Ltd

 

12 months

12 months

12 months

to 31/12/07

to 31/12/06

to 31/12/05

 

GBP

GBP

GBP

Sales Turnover

4,808,032

3,381,397

4,552,153

Profit / (Loss) Before Taxes

-540,669

-320,643

-386,542

Net Current Assets (Liabilities)

1,239,569

83,920

436,563

Shareholders Funds

-260,431

83,920

436,563

Apeldoornse Messenfabriek Amefa B.V.

 
 

Consolidated

Consolidated

 

Consolidated

Euro 31/12/07

Euro 31/12/06

Euro 31/12/05

Turnover

59,818,256

 

57,405,446

 

Tangible Net

     

12,112,257

Worth

 

Group Tangible

10,538,927

 

12,277,510

 

Net Worth

 
  12,277,510   Net Worth   VAT We understand that the property is elected for VAT.

VAT

We understand that the property is elected for VAT. Subject to meeting the requirements it is anticipated that the sale will be treated as a Transfer Of a Going Concern (TOGC).

Proposal

We are instructed to invite offers in excess of £1,750,000 (one million seven hundred and fifty thousand pounds) plus VAT for our clients freehold interest subject to contract, reflecting a net initial yield of 9.60% assuming standard purchaser’s costs of 5.725%.

Further Information

Andrew Harrison Email: andrew.j.harrison@knightfrank.com

Knight Frank LLP St Peters House Hartshead S1 2EL

Tel: 0114 272 9750

Henrie Westlake Email: henrie.westlake@knightfrank.com

Knight Frank LLP

9 Bond Court

Leeds

LS1 2JZ

Tel: 0113 246 1533

George Thompson Email: george.thompson@ferniegreaves.co.uk

Fernie Greaves Ltd

1 Bawtry Gate

Sheffield

S9 1UD

Tel: 0114 2449121

Subject to contract Exclusive of VAT January 2009

Amefa Warehouse

52 Orgreave Drive, Dorehouse Industrial Estate, Sheffield, S13 9NR

Important Notice 1. No description or information given about the property or its value, whether written or verbal or whether or not in these Particulars ("Information") may be relied upon as a statement of representation or fact. Neither Knight Frank nor Fernie Greaves have any authority to make any representation and accordingly any Information given is entirely without responsibility on the part of Knight Frank, Fernie Greaves or the seller/lessor. 2. Any photographs (and artists impressions) show only certain parts of the property at the time they were taken. Any areas, measurements or distances given are approximate only. 3. Any reference to alterations to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by any intending buyer/lessee. 4. Any buyer/lessee must satisfy himself by inspection or otherwise as to the correctness of any Information given.

Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Registered Office: 55 Baker Street, London W1U 8AN.