Building A, The Apex Centre St Cross Business Park Newport Isle of Wight PO30 5XW

Building A, The Apex Centre
St Cross Business Park
Newport
Isle of Wight
PO30 5XW

Modern Freehold Office Investment

Let to NHS Property Services Limited
New 10 year lease from September 2013 (subject to option)
Nearby occupiers include SP Systems, NEG Micon and St Mary’s Hospital
Modern office building located on a well established business park

Lot
45
Auction
9th July 2014
Rent
£88,627 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Modern Freehold Office Investment

Let to NHS Property Services Limited
New 10 year lease from September 2013 (subject to option)
Nearby occupiers include SP Systems, NEG Micon and St Mary’s Hospital
Modern office building located on a well established business park

Lot 45
Auction 9th July 2014
Rent £88,627 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Office
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 5 miles south of Cowes, 10 miles east of Yarmouth
Roads: A3054, A3020

Situation

The Apex Centre is situated in the heart of St. Cross Business Park, the Isle of Wight’s central commercial trading estate and Newport’s administrative capital. St. Cross Business Park is accessed from the roundabout just north of Newport on the main road to Cowes. Occupiers within the estate include Gurit, Vestas, IOWCC and Glannilles Solicitors.

Tenure

Freehold.

Location

Miles: 5 miles south of Cowes, 10 miles east of Yarmouth
Roads: A3054, A3020

Situation

Tenure

Freehold.

Description

The property comprises a modern office building arranged on the ground and first floors. The property benefits from open plan office accommodation, air conditioning and a passenger lift. The property benefits from rights to use 38 car parking spaces.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground/First	Offices	731.87 sq m	(7,878 sq ft)	NHS PROPERTY SERVICES LIMITED (1)	10 years from 06/09/2013 until 05/09/2023 (2)	£88,627.50	06/09/2018
Totals		731.87 sq m	(7,878 sq ft)			£88,627.50

(1) The property has been sublet to NHS Isle of Wight Clinical Commissioning Group.
(2)Please note that the lease is subject to a tenant’s option to determine the lease in September 2021.