The property was constructed in the mid-1970s and is predominantly single storey in height. Construction is steel frame with brick infill walls to a height of 2m with metal sheeting above to roof level. The roof is also covered with sheet metal. There is a customer entrance and office area reception area at mezzanine level. The site, which is secured by a wire mesh boundary fence, has an area of 1.14 acres, which equates to a site coverage of 28%.
Harvey Combe Industrial Estate is located within a large established industrial area. The property has some prominence to Station Road with a large and well stocked yard, currently in use as a builders merchants. Other tenants in the area include John Lewis, Kier, Fenwick, Chesapeake.
The property is let to MacFarlane Merchanting Ltd until 2021. Macfarlane Group Plc, the guarantor, is a leading UK distributor of packaging consumable products.
Held on a 999 year lease with a ground rent of £2.0 per annum.
Structure
The property was part of the Sapphire Portfolio (Part). See ‘Sapphire Portfolio (Part)’ section for further details.
Asset Management/Value-Add
Discussions with occupier to remind them of the lease covenants requiring them to properly maintain the property to ensure asset best presented ahead of sale.
