Alexander Bain House Thurso Business Park Caithness KW14 7XW

Alexander Bain House
Thurso Business Park
Caithness
KW14 7XW

Modern Heritable (Scottish Equivalent of English Freehold) Call Centre/Office Investment

Entirely let to British Telecommunications plc until 2020 (subject to option)
Approximate site area of 1.14 hectares (2.82 acres)
On-site car parking
Located in the established Thurso Business Park with nearby occupiers including Scottish Environmental Protection Agency and AGM Batteries
Six week completion available

Lot
44
Auction
9th December 2010
Rent
£93,150 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Modern Heritable (Scottish Equivalent of English Freehold) Call Centre/Office Investment

Entirely let to British Telecommunications plc until 2020 (subject to option)
Approximate site area of 1.14 hectares (2.82 acres)
On-site car parking
Located in the established Thurso Business Park with nearby occupiers including Scottish Environmental Protection Agency and AGM Batteries
Six week completion available

Lot 44
Auction 9th December 2010
Rent £93,150 per Annum Exclusive
Status Sold Post
Price
Sector
Office
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

1.6 miles west of Thurso town centre; 22 miles north-west of Wick
Roads: A9, A836
Rail: Thurso Railway Station
Air: Inverness and Wick Airports

Situation

The property is prominently situated in the established Thurso Business Park, Thurso's principal business location, which lies on the north-western boundary of Thurso, some 1.6 miles west of the town centre. Thurso Railway Station lies some 1.8 miles south-east of the property providing direct access to Inverness. Nearby occupiers include Scottish Environmental Protection Agency and AGM Batteries.

Tenure

Heritable.

Location

1.6 miles west of Thurso town centre; 22 miles north-west of Wick
Roads: A9, A836
Rail: Thurso Railway Station
Air: Inverness and Wick Airports

Situation

Tenure

Heritable.

Description

The property comprises a large single storey purpose built CALL CENTRE benefiting from a site area of approximately 1.14 hectares (2.82 acres) which includes ON-SITE CAR PARKING.

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 large single storey purpose built CALL CENTRE benefiting from a site area of approximately 1.14 hectares (2.82 acres) which includes ON-SITE CAR PARKING.

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	Reviews
Ground	Call Centre/Offices	1,233.74 sq m	(13,280 sq ft)	BRITISH TELECOMMUNICATIONS PLC (1)	13 years and 4 months from 01/12/2006 until 31/03/2020 on a full repairing and insuring lease (2)	£93,150	01/04/2015 and 5 yearly thereafter
Totals		1,233.74 sq m	(13,280 sq ft)			£93,150

(1) For the year ending 31st March 2010, British Telecommunications Public Limited Company reported a turnover of £20,859,000,000, pre-tax profits of £1,303,000,000 and a total net worth of £12,129,000,000. (Source: www.riskdisk.com 05/11/2010)(2) Please note that the lease provides for a tenant’s option to determine the lease with effect from 31st March 2015 subject to six months’ written notice.