Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Administrators Alix Partners
Property Information
Location
Miles
40 miles north-east of Leeds
22 miles north-west of York
27 miles north of Harrogate
Roads
A19, A168, A170, A61, A1(M)
Rail
Thirsk Railway Station
Air
Leeds Bradford International Airport
Situation
Thirsk is an affluent market town situated in North Yorkshire, some 40 miles north east of Leeds. The property is situated to the east of the town centre at the entrance to Thirsk Industrial Estate in a mixed industrial/office area. Nearby occupiers include Highways Agency, Royal Mail and NFU.
Tenure
Freehold.
Location
Miles
40 miles north-east of Leeds
22 miles north-west of York
27 miles north of Harrogate
Roads
A19, A168, A170, A61, A1(M)
Rail
Thirsk Railway Station
Air
Leeds Bradford International Airport
Situation
Thirsk is an affluent market town situated in North Yorkshire, some 40 miles north east of Leeds. The property is situated to the east of the town centre at the entrance to Thirsk Industrial Estate in a mixed industrial/office area. Nearby occupiers include Highways Agency, Royal Mail and NFU.
Tenure
Freehold.
Description
The property comprises a modern detached office building arranged over ground and two upper floors. The property benefits from suspended ceilings, recessed lighting, full access raised floors and air conditioning along with 110 car parking spaces. In addition there is an area of land to the rear, providing potential for expansion (subject to consents).
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators 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
The property comprises a modern detached office building arranged over ground and two upper floors. The property benefits from suspended ceilings, recessed lighting, full access raised floors and air conditioning along with 110 car parking spaces. In addition there is an area of land to the rear, providing potential for expansion (subject to consents).
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators 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
Reversion
Part Ground First Second
Office Office Office/Kitchen
134.24 sq m 506.32 sq m 818.00 sq m
(1,445 sq ft) (5,450 sq ft) (8,805 sq ft)
TELEWARE PLC (1)
7 years from 2015 on a full repairing and insuring lease (2)
£171,055 (3)
2022
Ground First
Office/Reception Office
635.27 sq m 309.36 sq m
(6,838 sq ft) (3,330 sq ft)
VACANT
Totals
2,403.19 sq m
(25,868 sq ft)
£171,055
(1) For the year ending 31st March 2014, Teleware Public Limited Company reported a turnover of £2,502,000, pre-tax profits of £106,000 and a total net worth of £5,472,000. (Source: www.riskdisk.com 12/06/2014) (2)The lease is due to complete imminently and will be subject to a schedule of condition. Please refer to the auctioneers for further information. (3)The lease is subject to a 24 month rent free period from 25th March 2015. The seller has agreed to adjust the completion monies so that the property will produce £171,055 p.a.x from completion of the sale.
Contacts
Seller's Solicitors
Addleshaw Goddard LLP 100 Barbirolli Square, Manchester M2 3AB
