Centech Park is situated on Fringe Meadow Road and comprises a campus-style development of single storey offices on Moons Moat North Industrial Estate, the town’s principal business and industrial estate located 3 miles east of Redditch town centre.The estate benefits from excellent transport links being located off the A441, which provides access to the M42 Motorway to the north
(approximately 5 mins drive). Nearby occupiers include Capita, Aggora Group, SSE Audio Group and McDonald’s.
Tenure
Freehold.
Location
Miles
13 miles south of Birmingham, 19 miles west of Royal Leamington Spa, 20 miles north-east of Worcester
Centech Park is situated on Fringe Meadow Road and comprises a campus-style development of single storey offices on Moons Moat North Industrial Estate, the town’s principal business and industrial estate located 3 miles east of Redditch town centre.The estate benefits from excellent transport links being located off the A441, which provides access to the M42 Motorway to the north
(approximately 5 mins drive). Nearby occupiers include Capita, Aggora Group, SSE Audio Group and McDonald’s.
Tenure
Freehold.
Description
The property comprises self-contained ground floor office accommodation benefitting from suspended ceilings, double glazing, central heating, entrance lobby and kitchenette.
Six Week Completion
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 self-contained ground floor office accommodation benefitting from suspended ceilings, double glazing, central heating, entrance lobby and kitchenette.
Six Week Completion
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.
Review
Ground
Office
215.72 sq m
(2,322 sq ft)
UK – NSI CO. LIMITED (t/a Nippon Seiki) (1)
From 05/05/2015 to 23/07/2024 on a full repairing and insuring lease
£19,400 (2)
24/07/2019
Totals
215.72 sq m
(2,322 sq ft)
£19,400
(1) UK-NSI is the European manufacturing centre of Nippon Seiki, a Japanese company which specialises in the supply of high-technology instruments and displays to the automotive and motorcycle markets. Established in Redditch, Worcestershire in 1988, UK-NSI produces close to 1 million instruments per year. (Source: www.uk-nsi.co.uk). For the year ending 31/03/2014, UK-NSI Co. Limited reported a turnover of £62,449,473, pre-tax profits of £2,967,814 and a total net worth of £12,588,170. (Source: www.riskdisk.com 14/09/2015) (2)The tenant is currently benefiting from a rent free period due to expire on 3rd November 2016. The seller has agreed to adjust the completion monies so that the property will produce £19,400 p.a.x from completion of the sale.
Contacts
Seller's Solicitors
Mischcon de Reya Summit House, Red Lion Square london WC1R 4QD
