Approximately 536.22 sq m (5,722 sq ft) with 33 car parking spaces
Important and Well Established Business Park
Business Park located at the intersection of the M1 and M69 motorways
Asset management opportunities
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
Lot 5
Auction 11th December 2014
Rent £75,800 per Annum Exclusive
Status Sold
Price £690,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
4 miles south-west of Leicester City Centre
30 miles south of Nottingham
35 miles north-east of Birmingham
Roads
A5460, A563, M1 (Junction 21), M69 (Junction 3)
Rail
Narborough Railway Station, Leicester Railway Station
Air
East Midlands Airport
Situation
The property is located on Meridian Business Park, one of Leicester’s most established office parks, which is strategically located at the intersection of the M1 and M69 motorways. The property is situated on the south side of Harcourt Way, off Meridian South, overlooking the spur road (A5460). Nearby occupiers include Smurfit Kappa, AkzoNobel, NHS, Toyota, BMW and Mini. Fosse Park and Meridian Leisure Park are also located close by.
Tenure
Freehold.
Location
Miles
4 miles south-west of Leicester City Centre
30 miles south of Nottingham
35 miles north-east of Birmingham
Roads
A5460, A563, M1 (Junction 21), M69 (Junction 3)
Rail
Narborough Railway Station, Leicester Railway Station
Air
East Midlands Airport
Situation
The property is located on Meridian Business Park, one of Leicester’s most established office parks, which is strategically located at the intersection of the M1 and M69 motorways. The property is situated on the south side of Harcourt Way, off Meridian South, overlooking the spur road (A5460). Nearby occupiers include Smurfit Kappa, AkzoNobel, NHS, Toyota, BMW and Mini. Fosse Park and Meridian Leisure Park are also located close by.
Tenure
Freehold.
Description
The property comprises a two storey office building with car parking for approximately 33 cars to the front. AXA PPP are also in occupation of Beachcroft House, adjacent to the subject property.
Six Week Completion
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a two storey office building with car parking for approximately 33 cars to the front. AXA PPP are also in occupation of Beachcroft House, adjacent to the subject property.
Six Week Completion
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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
Ground First
Office Office
260.86 sq m 275.36 sq m
(2,808 sq ft) (2,964 sq ft)
AXA PPP HEALTHCARE LIMITED (1)
Term of years from 29/11/2007 until 25/09/2016 on a full repairing and insuring lease
£75,800
Totals
536.22 sq m
(5,772 sq ft)
£75,800
(1) For the year ending 31/12/2013, AXA PPP Healthcare Limited reported pre-tax profits of £89,600,000 and a total net worth of £338,100,000. (Source: www.riskdisk.com 31/10/2014).