Blocks 1 - 4 Avon Heights Monkton Hill Chippenham Wiltshire SN15 1ER

Blocks 1 - 4 Avon Heights
Monkton Hill
Chippenham
Wiltshire
SN15 1ER

Substantial Freehold Office Investment

Let to Good Energy Limited (with guarantee from Good Energy Group plc) on a new 10 year lease (subject to option)
Historic market town close to the North Wessex Downs and Cotswolds
Substantial office building comprising approximately 15,000 sq ft with undercroft car parking for approximately 24 cars
Residential Conversion potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
17
Auction
23rd March 2016
Rent
£160,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Substantial Freehold Office Investment

Let to Good Energy Limited (with guarantee from Good Energy Group plc) on a new 10 year lease (subject to option)
Historic market town close to the North Wessex Downs and Cotswolds
Substantial office building comprising approximately 15,000 sq ft with undercroft car parking for approximately 24 cars
Residential Conversion potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 17
Auction 23rd March 2016
Rent £160,000 per Annum Exclusive
Status Sold Post
Price
Sector
Office
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 27 miles east of Bristol, 14 miles north-east of Bath
Roads: A350, M4 (Junction 17)
Rail: Chippenham Railway Station (1hr 13mins to London Paddington)
Air: Bristol Airport, Cardiff Airport

Situation

Chippenham is an affluent and historic Wiltshire market town situated between the North Wessex Downs to the east, the Cotswolds to the west and Salisbury Plain to the south. The property is situated on the south side of Monkton Hill in the town centre, some 170 metres from Chippenham Railway Station.

Tenure

Freehold.

Location

Miles: 27 miles east of Bristol, 14 miles north-east of Bath
Roads: A350, M4 (Junction 17)
Rail: Chippenham Railway Station (1hr 13mins to London Paddington)
Air: Bristol Airport, Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial office building, arranged as four interconnected buildings over 4 floors, of approximately 15,000 sq ft. The offices benefit from suspended ceilings, central heating and undercroft car parking for approximately 24 cars. The property may benefit from Residential Conversion subject to consents.

Six Week Completion

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on-site. Please contact Alec Linfield. Telephone: +44 (0)20 7034 4860.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Viewings

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/(Reversion)
Ground Lower Ground First Second Third	Office Car Park Office Office Office	420.35 sq m 38.55 sq m 483.15 sq m 352.95 sq m 97.55 sq m	4,525 sq ft) (415 sq ft) (5,201 sq ft) (3,799 sq ft) (1,050 sq ft)	GOOD ENERGY LIMITED (with guarantee from Good Energy Group plc)	10 years from 12/02/2016 on a full repairing and insuring lease (2) (3)	£160,000	12/02/2021 (11/02/2026)
Totals		1,392.55 sq m	14,990 sq ft)			£160,000

(1) Founded in 1999, Good Energy is a British renewable energy company which is listed on the London Stock Exchange (Source: www.goodenergy.co.uk). For the year ending 31st December 2014, Good Energy Group plc reported a turnover of £57,618,000, pre-tax profits of £1,288,000 and a total net worth of £14,413,000. (Source: www.riskdisk.com 12/02/2016).
(2) The lease is subject to a schedule of condition and is outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
(3) The lease provides for a tenant option to determine the lease on or after 12th February 2018 subject to providing 9 months’ prior written notice. A penalty of £80,000 is payable by the tenant if the tenant exercises their option to determine the lease prior to 30/09/2019.