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. The business also occupies a substantial Research and Development facility diagonally opposite on Estuary Banks.
Tenure
Long Leasehold. Held on two leases from Homes & Communities Agency each 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. The business also occupies a substantial Research and Development facility diagonally opposite on Estuary Banks.
Tenure
Long Leasehold. Held on two leases from Homes & Communities Agency each for a term of 250 years from 29th September 2008 at a peppercorn rent.
Description
The property comprises ground floor office accommodation benefitting from suspended ceilings, raised floors, air conditioning and on-site car parking. The seller has agreed to contribute approximately £100,000 to undertake upgrade works to the M&E, documented in a Deed of Works. For further information please refer to the legal pack. 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
The property comprises ground floor office accommodation benefitting from suspended ceilings, raised floors, air conditioning and on-site car parking. The seller has agreed to contribute approximately £100,000 to undertake upgrade works to the M&E, documented in a Deed of Works. For further information please refer to the legal pack. 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
Office
2,269.28 sq m
(24,427 sq ft)
ACTIVIS BIOLOGICS LIMITED (1)
5 years from 29/03/2015
£100,000 (2)
28/09/2020
Totals
2,269.28 sq m
(24,427 sq ft)
£100,000
(1) Actavis is one of the world’s fastest-growing pharmaceutical companies with an established commercial presence in approximately 100 countries. (Source: www.actavis.com 17/04/2015). (2)Under the terms of the lease, the tenant is currently benefitting from a six month rent free period. The seller has agreed to adjust the completion monies so that the property will produce £100,000 from completion of the sale. NB. The tenant has agreed a dilapidations sum of £90,000 plus annual RPI increases, covering dilapidations under the previous and renewed lease.
Contacts
Seller's Solicitors
DLA Piper UK LLP Princes Exchange, Princes Square Leeds LS1 4BY
