About the Property
Unit 1E Magna 34 Business Park is a brand new industrial/warehouse unit let to Huws Gray Ltd. The unit completed construction in November 2023.
The unit provides the following specification:
> 5,751 sq ft GIA
> 6m Eaves Height
> Modern Fitted Out Office Accommodation
> Full Height Roller Shutter Loading Door Access
> Secure yard and parking area
> 10 Parking Spaces
Lease Terms
Let to Huws Gray Ltd (Company No.: 02506633)
A new 10 year lease from 23 Nov 2023
Tenant only break option at Year 5, subject 6 months notice
Passing Rent: £57,500 pa
Rent Review at Year 5 to the higher of passing or Open Market Rent
The tenant shall be granted 2 months rent should they not exercise their break at Year 5
The Tenant
Huws Gray is the UK's largest independent builders' merchant, supplying building materials to trade and DIY customers from over 250 locations across England, Scotland and Wales. The group had a turnover of £1,553,525,000 and a pre tax profit of £66,751,000 in their year ending Dec 22 accounts.
The unit provides the following specification:
> 5,751 sq ft GIA
> 6m Eaves Height
> Modern Fitted Out Office Accommodation
> Full Height Roller Shutter Loading Door Access
> Secure yard and parking area
> 10 Parking Spaces
Lease Terms
Let to Huws Gray Ltd (Company No.: 02506633)
A new 10 year lease from 23 Nov 2023
Tenant only break option at Year 5, subject 6 months notice
Passing Rent: £57,500 pa
Rent Review at Year 5 to the higher of passing or Open Market Rent
The tenant shall be granted 2 months rent should they not exercise their break at Year 5
The Tenant
Huws Gray is the UK's largest independent builders' merchant, supplying building materials to trade and DIY customers from over 250 locations across England, Scotland and Wales. The group had a turnover of £1,553,525,000 and a pre tax profit of £66,751,000 in their year ending Dec 22 accounts.