Size
36,066 sq.ft
Tenure
For Sale
Blaze Signs, Patricia Way, Pysons Road Industrial Estate, Broadstairs, Kent, CT10 2XZ See location

Use Classes

Use class:
  • Investment
Other uses:

Blaze Signs, Patricia Way, Pysons Road Industrial Estate, Broadstairs, Kent, CT10 2XZ

ID:

3005764

Buy From

£2,650,000

Matthew Hunt
Matthew Hunt

01480 451578

Description

The property comprises a self-contained building of steel portal frame construction with single storey offices and ancillary accommodation running along the side of the building facing a large car park. The warehouse has concrete floors, insulated wall and roof panels, and electric blow heaters. The eaves height in the main warehouse is circa 6.6m. The main production space is sub-divided to provide storage and loading areas, production and preparation areas with spray booths and ancillary space. Externally, to the front elevation there are two roller shutter doors and a loading area. To the side there is staff and visitor parking with approximately 58 spaces in total. To the rear, there is a further roller shutter door together with externally accessed compressor house. The site is rectangular in shape and generally level. The site is secured by palisade fencing round the perimeter. The site extends to 1.49 acres (0.6 hectares) or thereabouts. The site is accessed directly from Patricia Way which leads to the car park. There are units to the side/rear of the subject building which are also occupied by Blaze Signs under separate leases. The property will be let to Blaze Signs Limited on a 20-year full repairing and insuring lease on completion of the sale of the building. The lease will include a tenant break at the end of the 15th year of the term subject to no less than 6 months prior written notice. The lease will be subject to 5 yearly upwards only rent reviews, to open market rental value or by reference to the RPI index (subject to collar of 2% and a cap of 4% per annum compound) whichever is the higher. The lease will incorporate normal alienation provisions for assignment or subletting of the whole or part. Blaze Signs Ltd is one of the largest UK Sign manufacturers. In September 2020 it was acquired, along with its sister company Cygnia Maintenance Ltd, by Hexcite Holdings. The 9 months accounts to December 2020 reflect considerable disruption due to the Covid 19 Pandemic, but post 2020 Blaze has benefitted from its retail clients recovery & heightened investment in their estates. The outlook is extremely positive. Management accounts for the year to December 2021 together with forecasts for 2022 are available to interested parties on a confidential basis as soon as possible, further detail upon request.

Location

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