Tenants include Secretary of State and Azelis UK Limited
Opposite The Runcorn Shopping Centre
On Site Parking for 60 cars
Nearby occupiers include Cineworld, Aldi and Royal Mail Delivery Office
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 38
Auction 8th December 2016
Rent £149,375 per Annum Exclusive
Status Sold
Price £1,350,000
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Fund Major
Property Information
Location
Miles
10 miles west of Warrington, 15.5 miles south-east of Liverpool, 28 miles north-west of Manchester
Roads
A533, A558, M56 (Junction 12)
Rail
Runcorn Rail
Air
Liverpool John Lennon Airport (5 miles), Manchester Airport (19 miles), Blackpool International Airport (32 miles)
Situation
The property is situated on the western side of Crown Gate at its junction with East Lane just east of the A533 Central Expressway in Runcorn. Within close proximity of the property is the Runcorn Shopping Centre, Trident Retail Park and Halton General Hospital. Adjacent to the property is the Azelis UK Limited and the Runcorn Royal Mail Delivery Office. Other nearby occupiers include
Cineworld, Aldi and Trugym and McDonald’s.
Tenure
Freehold.
Location
Miles
10 miles west of Warrington, 15.5 miles south-east of Liverpool, 28 miles north-west of Manchester
Roads
A533, A558, M56 (Junction 12)
Rail
Runcorn Rail
Air
Liverpool John Lennon Airport (5 miles), Manchester Airport (19 miles), Blackpool International Airport (32 miles)
Situation
The property is situated on the western side of Crown Gate at its junction with East Lane just east of the A533 Central Expressway in Runcorn. Within close proximity of the property is the Runcorn Shopping Centre, Trident Retail Park and Halton General Hospital. Adjacent to the property is the Azelis UK Limited and the Runcorn Royal Mail Delivery Office. Other nearby occupiers include
Cineworld, Aldi and Trugym and McDonald’s.
Tenure
Freehold.
Description
The property comprises two self-contained, stand alone office buildings arranged over ground and first floors. The property benefits from on site parking for approximately 60 cars.
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, stand alone office buildings arranged over ground and first floors. The property benefits from on site parking for approximately 60 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Building
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Alexander House
Ground First
Office Office
443.43 sq m 450.88 sq m
(4,773 sq ft) (4,853 sq ft)
AZELIS UK LIMITED (1)
5 years from 06/07/2015
£82,000
05/07/2020
Norton House
Ground First
Office Office
451.20 sq m 451.90 sq m
(4,856 sq ft) (4,864 sq ft)
SECRETARY OF STATE FOR COMMUNITIES AND LOCAL GOVERNMENT (t/a National Probation Service)
5 years from November 2016 (2)
£67,375
November 2021
Total
1,794.41 sq m
(19,346 sq ft)
£149,375
(1) Azelis is a leading global speciality chemicals distributor. They provide a diverse range of products and innovative services to more than 25,000 customers (www.azelis.com 08/11/2016). For the year ending 31st December 2015, Azelis UK Limited reported a turnover of £56,164,000, pre-tax profits of £1,649,000 and a total net worth of £7,549,000. (Source: Experian Group 08/11/2016) (2) The lease renewal is due to sign shortly. Secretary of State will benefit from a 3 month rent free period at the beginning of the 5 year lease. The seller has agreed to adjust the completion monies so that the unit will effectively produce £67,375 per annum from completion of the sale. The lease provides an option to determine on the third anniversary of the term, subject to 6 months’ notice.
Contacts
Seller's Solicitors
Hamlins LLP Roxburghe House, 273-287 Regents Street London W1B 2AD
