Unit 9 Centech Park, Fringe Meadow Road Moons Moat North Industrial Estate Redditch Worcestershire B98 9NR

  • Unit 9 Centech Park, Fringe Meadow Road<br>Moons Moat North Industrial Estate<br>Redditch<br>Worcestershire<br>B98 9NR

Unit 9 Centech Park, Fringe Meadow Road
Moons Moat North Industrial Estate
Redditch
Worcestershire
B98 9NR

Freehold Office Investment

  • Let to UK – NSI Co. Limited t/a Nippon Seiki until 2024 (no breaks)
  • Tenant also occupying Unit 7
  • Self-contained office accommodation totalling approximately 328.22 sq m (3,533 sq ft)
  • Benefits from parking for 16 cars
  • Situated on well located and established business park
  • Nearby occupiers include Capita, Aggora Group, SSE Audio Group and McDonald’s
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    81
  • Auction
    22nd October 2015
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £365,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Freehold Office Investment

  • Let to UK – NSI Co. Limited t/a Nippon Seiki until 2024 (no breaks)
  • Tenant also occupying Unit 7
  • Self-contained office accommodation totalling approximately 328.22 sq m (3,533 sq ft)
  • Benefits from parking for 16 cars
  • Situated on well located and established business park
  • Nearby occupiers include Capita, Aggora Group, SSE Audio Group and McDonald’s
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 81
  • Auction 22nd October 2015
  • Rent £30,000 per Annum Exclusive
  • Status Sold
  • Price £365,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
13 miles south of Birmingham, 19 miles west of Royal Leamington Spa, 20 miles north-east of Worcester
Roads
A435, A441, M42 (Junction 3), M40 (Junction 16), M5
Rail
Redditch Railway Station
Air
Birmingham International Airport
Situation

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 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
Roads
A435, A441, M42 (Junction 3), M40 (Junction 16), M5
Rail
Redditch Railway Station
Air
Birmingham International Airport
Situation

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 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
328.22 sq m
(3,533 sq ft)
 UK – NSI CO. LIMITED
(t/a Nippon Seiki) (1)		 15 years from 24/07/2009 until
23/07/2024 on a full repairing
and insuring lease (2)		 £30,000 24/07/2019
Totals  
328.22 sq m
(3,533 sq ft)
     £30,000  

(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 31st March 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 lease is subject to a schedule of condition.

Contacts

Seller's Solicitors
Mischcon de Reya Summit House, Red Lion Square
london
WC1R 4QD
Tom Rawe 020 3321 7813tom.rawe@mishcon.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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?