Arden House West Street Leighton Buzzard Bedfordshire LU7 1DD

  • Arden House<br>West Street<br>Leighton Buzzard<br>Bedfordshire<br>LU7 1DD

Arden House
West Street
Leighton Buzzard
Bedfordshire
LU7 1DD

Freehold Multi-let Office Investment

  • Tenants include Mind BLMK, Connells Residential and Imagine Communications EMEA (UK) Limited
  • Approximately 1,042.62 sq m (11,223 sq ft) of well configured office accommodation in affluent commuter town
  • Future residential redevelopment potential (subject to consents)
  • Nearby occupiers include Tesco Superstore, Waitrose, Aldi and Homebase
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    3
  • Auction
    22nd October 2015
  • Rent
    £91,126 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,300,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers JLL
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Freehold Multi-let Office Investment

  • Tenants include Mind BLMK, Connells Residential and Imagine Communications EMEA (UK) Limited
  • Approximately 1,042.62 sq m (11,223 sq ft) of well configured office accommodation in affluent commuter town
  • Future residential redevelopment potential (subject to consents)
  • Nearby occupiers include Tesco Superstore, Waitrose, Aldi and Homebase
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 3
  • Auction 22nd October 2015
  • Rent £91,126 per Annum Exclusive
  • Status Sold
  • Price £1,300,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers JLL

Property Information

Location
Miles
11 miles south-east of Milton Keynes
12 miles north-west of Luton
40 miles north-west of Central London
Roads
A4146, A418, A5, M1
Rail
Leighton Buzzard Railway Station (½ mile)
Air
Luton Airport
Situation

Leighton Buzzard is an affluent commuter town located between Luton and Milton Keynes. The property is prominently situated on West Street in an established town centre office location. Leighton Buzzard Railway Station offers direct rail services to London Euston with a journey time of approx. 30 mins.

Tenure

Freehold.

Location
Miles
11 miles south-east of Milton Keynes
12 miles north-west of Luton
40 miles north-west of Central London
Roads
A4146, A418, A5, M1
Rail
Leighton Buzzard Railway Station (½ mile)
Air
Luton Airport
Situation

Leighton Buzzard is an affluent commuter town located between Luton and Milton Keynes. The property is prominently situated on West Street in an established town centre office location. Leighton Buzzard Railway Station offers direct rail services to London Euston with a journey time of approx. 30 mins.

Tenure

Freehold.

Description

The property comprises well configured open plan office accommodation which has recently undergone a refurbishment programme and benefits from a reception area, passenger lift, suspended ceilings, Cat II lighting and kitchen facilities. Parking is provided at the rear.

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

The property comprises well configured open plan office accommodation which has recently undergone a refurbishment programme and benefits from a reception area, passenger lift, suspended ceilings, Cat II lighting and kitchen facilities. Parking is provided at the rear.

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 Reversion
Ground Office
225.93 sq m
(2,432 sq ft)
 MIND BLMK (1) 4 years from 21/01/2014 £18,240 (2) 20/01/2018
First Office
288.73 sq m
(3,108 sq ft)
 CONNELLS
RESIDENTIAL (3)		 3 years from 28/07/2014 (4) £23,310 27/07/2017
Second Office
288.73 sq m
(3,108 sq ft)
 IMAGINE
COMMUNICATIONS
EMEA (UK) LIMITED (5)		 2 years from 02/07/2015 £28,000 02/07/2017
Third Office
118.54 sq m
(1,276 sq ft)
 CONNELLS
RESIDENTIAL (3)		 3 years from 25/09/2015 £13,500 31/08/2018
Fourth Office
120.68 sq m
(1,299 sq ft)
 VACANT POSSESSION      
Roof Telecom Mast
–
–
 VODAFONE LIMITED 20 years from 15/03/2005 £8,076 14/03/2025
Totals  
1,042.62 sq m
(11,223 sq ft)
     £91,126  

(1) Mind BLMK stands for Mind in Bedfordshire, Luton and Milton Keynes and offers a range of services aimed at meeting individual needs and promoting mental health recovery, wellbeing and independence. (www.mind-blmk.org.uk)
(2) Under the terms of the lease the tenant is to benefit from a 2 month rent fee period commencing 21st January 2016.
(3) For the year ending 31/12/2014, Connells Residential reported a turnover of £75,442,000, pre-tax profits of £12,096,000 and a total net worth of £21,554,000. (Source: Experian Group 25/09/2015)
(4) The lease is subject to a tenant option to determine on 28th July 2016.
(5) Imagine Communications Corp is a global leader in video and advertising solutions serving the media and entertainment, multi-channel video programming distributors and enterprise markets, spanning 185 countries. (www.imaginecommunications.com)

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Cameron Baloyi Rigby 0113 283 2500cameron.baloyirigby@walkermorris.co.uk

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

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