Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Joint Administrators at Moorfields
Property Information
Location
Miles
8 miles south-east of Liverpool city centre
32 miles south-west of Manchester
Roads
M53, M56, M62, A561
Rail
Liverpool South Parkway Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent position on the established Estuary Business Park which is located just 1 mile from Liverpool John Lennon Airport and benefits from direct dual carriageway access to the M62, M56 and the National Motorway Network. The popular New Mersey Retail Park is located nearby with occupiers including M&S, B&Q, and Argos while the David Lloyd
Leisure Club is also situated close by.
Tenure
Long Leasehold. Held from Homes & Communities Agency for a term of 250 years from 29th September 2008 at a peppercorn rent.
Location
Miles
8 miles south-east of Liverpool city centre
32 miles south-west of Manchester
Roads
M53, M56, M62, A561
Rail
Liverpool South Parkway Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent position on the established Estuary Business Park which is located just 1 mile from Liverpool John Lennon Airport and benefits from direct dual carriageway access to the M62, M56 and the National Motorway Network. The popular New Mersey Retail Park is located nearby with occupiers including M&S, B&Q, and Argos while the David Lloyd
Leisure Club is also situated close by.
Tenure
Long Leasehold. Held from Homes & Communities Agency for a term of 250 years from 29th September 2008 at a peppercorn rent.
Description
Keepmoat House comprises a modern office building arranged over ground, first and second floors. The accommodation is largely open plan with raised floors and suspended ceilings while externally the property sits in attractive landscaped surroundings and benefits from car parking for approximately 59 cars. The tenant currently occupies two floors only. The area shaded blue
comprises an additional self-contained office building that has been let on a 250 year lease, please see note (3). There is an electricity sub-station on site.
The property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The Joint Administrators are not bound to accept the highest or any offer and are acting as agents without personal liability.
Buyer's Legal 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
Keepmoat House comprises a modern office building arranged over ground, first and second floors. The accommodation is largely open plan with raised floors and suspended ceilings while externally the property sits in attractive landscaped surroundings and benefits from car parking for approximately 59 cars. The tenant currently occupies two floors only. The area shaded blue
comprises an additional self-contained office building that has been let on a 250 year lease, please see note (3). There is an electricity sub-station on site.
The property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The Joint Administrators are not bound to accept the highest or any offer and are acting as agents without personal liability.
Buyer's Legal 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.
Reversion
Ground, First & Second
Office
1,628 sq m
(17,524 sq ft)
KEEPMOAT LIMITED (2)
10 years from 25/09/2006 on a full repairing and insuring lease
£231,875
24/09/2016
Totals
1,628 sq m (1)
(17,524 sq ft) (1)
£231,875
(1) The areas stated above are on a Gross Internal basis. (2) For the year ending 31/03/2014, Keepmoat Limited reported a turnover of £930,617,000, pre-tax profits of £50,031,000 and a total net worth of £120,173,000. (Source: www.riskdisk.com 08/04/2015) Keepmoat is a national market leader in sustainable community regeneration, housing, and planned and responsive repairs to the UK housing industry. They are a £1billion company with over 80 years’ experience in community regeneration and housebuilding. They have more than 3,000 dedicated staff delivering schemes across 22 regional offices. Keepmoat was acquired by TDR Capital and Sun Capital in September 2014. (Source: http://www.keepmoat.com/about-us) (3)The area shaded blue is let to Kier Property Developments Limited for a term of 250 years less three days from 29th September 2008 at a peppercorn rent. NB. there is an electricity substation let to SP Manweb plc for 99 years from 10th July 2006 at a peppercorn rent.
NB. there is an electricity substation let to SP Manweb plc for 99 years from 10th July 2006 at a peppercorn rent.
Contacts
Seller's Solicitors
DLA Piper LLP Princes Exchange, Princes Square Leeds LS1 4BY
