Entirely let to Rupen Estates Limited until January 2036 (subject to options)
Approximately 663.30 sq m (7,140 sq ft) with car parking
Nearby occupiers include Secretary of State for the Environment, Axiom Housing Association and Barhale Construction Plc
Attractive and affluent Cathedral City
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 68
Auction 13th October 2016
Rent £42,500 per Annum Exclusive
Status Sold
Price £440,000
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
35 miles north-west of Cambridge, 41 miles north-east of Northampton
Roads
A15, A47, A1(M)
Rail
Peterborough Railway Station
Air
Birmingham International Airport, Luton Airport
Situation
The property is situated on Peppercorn Close, off Bourges Boulevard (A15) just north of its junction with Maskew Avenue, approximately one mile north-west of Peterborough City Centre, in an established industrial and office area. Nearby occupiers include Axiom Housing Association, Secretary of State for the Environment and Barhale Construction Plc. Maskew Retail Park and Boulevard Retail Park are located on nearby Maskew Avenue with occupiers including Argos, Matalan, B&Q and Halfords.
Tenure
Freehold.
Location
Miles
35 miles north-west of Cambridge, 41 miles north-east of Northampton
Roads
A15, A47, A1(M)
Rail
Peterborough Railway Station
Air
Birmingham International Airport, Luton Airport
Situation
The property is situated on Peppercorn Close, off Bourges Boulevard (A15) just north of its junction with Maskew Avenue, approximately one mile north-west of Peterborough City Centre, in an established industrial and office area. Nearby occupiers include Axiom Housing Association, Secretary of State for the Environment and Barhale Construction Plc. Maskew Retail Park and Boulevard Retail Park are located on nearby Maskew Avenue with occupiers including Argos, Matalan, B&Q and Halfords.
Tenure
Freehold.
Description
The property comprises two self-contained office buildings arranged on the ground and first floors with the benefit of on-site parking. Blenheim Court comprises a development of 13 office buildings with a total of 70 car parking spaces.
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 two self-contained office buildings arranged on the ground and first floors with the benefit of on-site parking. Blenheim Court comprises a development of 13 office buildings with a total of 70 car parking spaces.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
25 years from 01/02/2011 until 31/01/2036 (1) on a full repairing and insuring lease
£42,500 (2)
01/02/2022 and five yearly
Totals
663.30 sq m
(7,140 sq ft)
£42,500 (2)
(1) The lease is subject to a tenant options to determine on 31/01/2021, 31/01/2026 and 31/01/2031. (2) The current contractual rent is £34,000 per annum until 31/01/2017 with a fixed rental increase to £37,500 per annum on 01/02/2017 rising to £40,000 per annum on 01/02/2018 and £42,500 per annum on 01/02/2020. The seller has agreed to adjust the completion monies so that the property effectively produces £42,500 per annum from completion of the sale.
