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
