Reynard House 37 Welford Road Leicester LE2 7AD

  • Reynard House<br>37 Welford Road<br>Leicester<br>LE2 7AD

Reynard House
37 Welford Road
Leicester
LE2 7AD

Freehold Office Investment with Residential Potential (subject to consents)

  • Comprises approximately 2,393.40 sq m (25,763 sq ft)
  • Prominent position in Leicester City Centre adjacent to the New Walk Centre Development site
  • Approximately 170 metres east of De Montfort University campus and 320 metres north of Leicester Royal Infirmary
  • Active management potential
  • Car parking for approximately 40 cars
  • Rent subject to note 2
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    51
  • Auction
    7th July 2016
  • Rent
    £230,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Freehold Office Investment with Residential Potential (subject to consents)

  • Comprises approximately 2,393.40 sq m (25,763 sq ft)
  • Prominent position in Leicester City Centre adjacent to the New Walk Centre Development site
  • Approximately 170 metres east of De Montfort University campus and 320 metres north of Leicester Royal Infirmary
  • Active management potential
  • Car parking for approximately 40 cars
  • Rent subject to note 2
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 51
  • Auction 7th July 2016
  • Rent £230,000 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
43 miles north-east of Birmingham, 30 miles south of Nottingham and 20 miles north-east of Coventry
Roads
M1, M69, A6, A47
Rail
Leicester Railway Station
Air
East Midlands Airport, Birmingham City Airport
Situation

The property is situated on the west side of Welford Road and at its junction with Norton Street in Leicester City Centre, some 170 metres east of De Montfort University campus and some 320 metres north of Leicester Royal Infirmary. The property benefits from being situated opposite to the New Walk Centre site with plans announced for a new 50,000 sq ft scheme comprising office, retail and residential development. (Source: www.leicester.gov.uk/news).

Tenure

Freehold.

Location
Miles
43 miles north-east of Birmingham, 30 miles south of Nottingham and 20 miles north-east of Coventry
Roads
M1, M69, A6, A47
Rail
Leicester Railway Station
Air
East Midlands Airport, Birmingham City Airport
Situation

The property is situated on the west side of Welford Road and at its junction with Norton Street in Leicester City Centre, some 170 metres east of De Montfort University campus and some 320 metres north of Leicester Royal Infirmary. The property benefits from being situated opposite to the New Walk Centre site with plans announced for a new 50,000 sq ft scheme comprising office, retail and residential development. (Source: www.leicester.gov.uk/news).

Tenure

Freehold.

Description

The property comprises office accommodation on the ground to third floors. The offices benefit from central heating, suspended ceilings and perimeter trunking as well as a passenger lift and car parking for approximately 32 cars.

VAT

VAT is applicable to this lot.

Planning

The property may be suitable for residential redevelopment under either permitted development or full planning consent. Leicester City Council City Hall, 115 Charles Street, Leicester, LE1 1FZ. Tel: +44 (0)116 454 1000. Email: planning@leicester.gov.uk

Completion Period

Six Week Completion

EPC

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

Description

The property comprises office accommodation on the ground to third floors. The offices benefit from central heating, suspended ceilings and perimeter trunking as well as a passenger lift and car parking for approximately 32 cars.

VAT

VAT is applicable to this lot.

Planning

The property may be suitable for residential redevelopment under either permitted development or full planning consent. Leicester City Council City Hall, 115 Charles Street, Leicester, LE1 1FZ. Tel: +44 (0)116 454 1000. Email: planning@leicester.gov.uk

Completion Period

Six Week Completion

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
First
Second
Third
Office
Office
Office
Office
546.80 sq m
616.80 sq m
634.70 sq m
595.10 sq m
(5,886 sq ft)
(6,639 sq ft)
(6,832 sq ft)
(6,406 sq ft)
CARRINGTON CARR
HOLDINGS LIMITED
AND FCT ENTERPRISES
LIMITED (1)
10 years from 24/06/2010 £230,000 (2) 23/06/2020
Totals  
2,393 sq m
(25,763 sq ft)
    £230,000 (2)

(1) Part of the property is occupied by Legacy Wills and Estate Planning Limited.
(2) The tenant has not paid the rent since the September 2015 quarter day.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
Symon Smith & Partners Limited 277/281 Oxford Street
London
WC1 2DL
Alan Millinder +44 (0)20 7495 7020 amillinder@symonsmith.com
Seller's Solicitors
Wright Hassall LLP Olympus Avenue
Leamington Spa
Warwickshire
CV34 6BF
Sat Bhandal 01926 880 708sat.bhandal@wrighthassall.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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