Saxby House, Piccadilly Court York North Yorkshire YO1 9NX

  • Saxby House, Piccadilly Court<br>York<br>North Yorkshire<br>YO1 9NX

Saxby House, Piccadilly Court
York
North Yorkshire
YO1 9NX

Freehold Grade A Office Investment

  • Entirely let to Siemens plc
  • Prime city centre location
  • Comprises approximately 1,858.70 sq m (20,007 sq ft) of Grade A office accommodation
  • Benefits from on-site parking
  • Approximately 15 mins walk from York Railway Station
  • Nearby occupiers include Bridge Recruitment, VT Group Plc & HM Revenue & Customs
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    10
  • Auction
    9th July 2015
  • Rent
    £318,960 per Annum Exclusive
  • Status
    Sold
  • Price
    £3,530,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers DTZ
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Freehold Grade A Office Investment

  • Entirely let to Siemens plc
  • Prime city centre location
  • Comprises approximately 1,858.70 sq m (20,007 sq ft) of Grade A office accommodation
  • Benefits from on-site parking
  • Approximately 15 mins walk from York Railway Station
  • Nearby occupiers include Bridge Recruitment, VT Group Plc & HM Revenue & Customs
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 10
  • Auction 9th July 2015
  • Rent £318,960 per Annum Exclusive
  • Status Sold
  • Price £3,530,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers DTZ

Property Information

Location
Miles
26 miles north-east of Leeds
41 miles north-west of Scarborough
60 miles south-east of Sheffield
Roads
A1306, A19, A64, A59, A1237
Rail
York Railway Station
Air
Leeds Bradford Airport
Robin Hood Doncaster Airport
Situation

York is a historic and affluent city with a population of approximately 174,000.
The property is situated in a prominent position in the heart of York city centre.
The building is accessed from Piccaddilly which connects the prime retail pitch
of Parliament Street with the York Inner City Ring Road. Surrounding office
occupiers include government departments, professional firms and financial
companies.

Tenure

Freehold.

Location
Miles
26 miles north-east of Leeds
41 miles north-west of Scarborough
60 miles south-east of Sheffield
Roads
A1306, A19, A64, A59, A1237
Rail
York Railway Station
Air
Leeds Bradford Airport
Robin Hood Doncaster Airport
Situation

York is a historic and affluent city with a population of approximately 174,000.
The property is situated in a prominent position in the heart of York city centre.
The building is accessed from Piccaddilly which connects the prime retail pitch
of Parliament Street with the York Inner City Ring Road. Surrounding office
occupiers include government departments, professional firms and financial
companies.

Tenure

Freehold.

Description

Built in 2008 the property comprises a four storey office building arranged over
ground and three upper floors of Grade A accommodation. The high quality
specification includes suspended ceilings, raised floors, full integral air
conditioning, 3 passenger lifts and a main ground floor reception area.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale 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

Built in 2008 the property comprises a four storey office building arranged over
ground and three upper floors of Grade A accommodation. The high quality
specification includes suspended ceilings, raised floors, full integral air
conditioning, 3 passenger lifts and a main ground floor reception area.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale 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 Reviews
Ground
First
Second
Third 		Office
Office
Office
Office
530.30 sq m
538.90 sq m
520.00 sq m
269.50 sq m
(5,708 sq ft)
(5,801 sq ft)
(5,597 sq ft)
(2,901 sq ft)
 SIEMENS PLC (1) 15 years from 26/02/2007 until 25/02/2022 (2) £318,960 26/02/2012 and five
yearly
Totals
1,858.70 sq m
(20,007 sq ft)
     £318,960

(1) For the year ending 30th September 2014, Siemens plc reported a turnover of £3,082,427,000, pre-tax profits of £149,035,000 and a net worth of £456,953,000.
(Source: www.riskdisk.com 12/05/2015)
(2)There is a tenant option to determine on 26/02/2017 subject to 6 months prior written notice.

Contacts

Seller's Solicitors
Clyde & Co LLP The St Botolph Building, 138 Houndsditch
London
EC3A 7AR
Sara Bantges 020 7876 4232sara.bantges@clydeco.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?