Entirely let to Warrington Cinnamon Park Centre Limited t/a Regus with guarantee
Established and modern business park strategically located off the M6
Highly specified office accommodation totalling approximately 1,705.75 sq m (18,361 sq ft)
Car parking for approximately 89 cars (1:206 sq ft)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 6
Auction 19th May 2016
Rent £233,185 per Annum Exclusive
Status Sold Post
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of Aviva
Property Information
Location
Miles
3 miles north-west of Warrington, 15 miles south-west of Manchester, 20 miles east of Liverpool
Roads
A574, M6 (Junction 21), M62 (Junction 11)
Rail
Birchwood and Padgate Railway Stations
Airport
Manchester Airport, Liverpool John Lennon Airport
Situation
Cinnamon Park is an established and modern business park strategically located immediately adjacent to the M6, close to its junction with the M62 and some 3 miles north-east of Warrington town centre. Cinnamon Park forms part of the wider Birchwood Park, which is home to over 165 businesses and employs in excess of 6,000 people. Immediately adjacent to Cinnamon House is the University of Chester Warrington Campus, with other nearby occupiers including Datel, Novus and Expedia.
Tenure
Freehold.
Location
Miles
3 miles north-west of Warrington, 15 miles south-west of Manchester, 20 miles east of Liverpool
Roads
A574, M6 (Junction 21), M62 (Junction 11)
Rail
Birchwood and Padgate Railway Stations
Airport
Manchester Airport, Liverpool John Lennon Airport
Situation
Cinnamon Park is an established and modern business park strategically located immediately adjacent to the M6, close to its junction with the M62 and some 3 miles north-east of Warrington town centre. Cinnamon Park forms part of the wider Birchwood Park, which is home to over 165 businesses and employs in excess of 6,000 people. Immediately adjacent to Cinnamon House is the University of Chester Warrington Campus, with other nearby occupiers including Datel, Novus and Expedia.
Tenure
Freehold.
Description
The property comprises a modern detached three storey office building. The office accommodation is well specified with suspended ceilings, full access raised floors, perimeter heating and air conditioning. The property further benefits from a large car park for approximately 89 cars, providing an excellent car parking ratio of 1:206 sq ft.
Six Week Completion
VAT
VAT is 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 Will Moore. Email: will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern detached three storey office building. The office accommodation is well specified with suspended ceilings, full access raised floors, perimeter heating and air conditioning. The property further benefits from a large car park for approximately 89 cars, providing an excellent car parking ratio of 1:206 sq ft.
Six Week Completion
VAT
VAT is 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 Will Moore. Email: will.moore@acuitus.co.uk
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, First and Second
Office
1,705.75 sq m
(18,361 sq ft)
WARRINGTON CINNAMON PARK CENTRE LIMITED WITH GUARANTEE FROM REGIONAL BUSINESS CENTRE BV AND REGUS (UK) LIMITED (1) (2)
25 years from 04/08/1998 on a full repairing and insuring lease (3)
£233,185
04/08/2018 (03/08/2023)
Totals
1,705.75 sq m
(18,361 sq ft)
£233,185
(1) Established in 1989, Regus is a flexible workspace provider and now has 3,000 business centres across 900 cities in 120 countries all over the world. (Source: www.regus.co.uk). (2) The seller has the benefit of an assigned irrevocable bank guarantee in the sum of £68,498, from 5th May 2016 until expiry of the term on 3rd August 2023. (3) The tenant occupies the property under a lease for a term of 20 years from 4th August 1998 at a current rent reserved of £233,185 p.a.x. The parties have signed a reversionary lease for a term of 5 years from 4th August 2018 until 3rd August 2023.
Contacts
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 South Quay, Victoria Quays Sheffield S2 5SY
