510 Birchwood Boulevard Birchwood Warrington Cheshire WA3 7QX

  • 510 Birchwood Boulevard<br>Birchwood<br>Warrington<br>Cheshire<br>WA3 7QX

510 Birchwood Boulevard
Birchwood
Warrington
Cheshire
WA3 7QX

Freehold Office Investment

  • Let to Entserv UK Limited (part of Hewlett Packard) until 2024 (subject to option).
  • Modern building in established Office Park in Town Centre Location.
  • Strategic position close to M62 (Junction 11).
  • Nearby occupiers include NHS Warrington, SCC, First Recruitment and Frontier Software.
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    27
  • Auction
    16th February 2017
  • Rent
    £130,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,150,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
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Freehold Office Investment

  • Let to Entserv UK Limited (part of Hewlett Packard) until 2024 (subject to option).
  • Modern building in established Office Park in Town Centre Location.
  • Strategic position close to M62 (Junction 11).
  • Nearby occupiers include NHS Warrington, SCC, First Recruitment and Frontier Software.
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 27
  • Auction 16th February 2017
  • Rent £130,000 per Annum Exclusive
  • Status Sold
  • Price £1,150,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

Location
Miles
17 miles west of Manchester, 18 miles east of Liverpool
Roads
A49, M6, M56, M62
Rail
Warrington Central, Warrington Bank Quay Rail Stations
Air
Manchester International Airport
Situation

The property forms part of the well established Birchwood One office development which is strategically located adjacent to the M62 providing fast access to junction 11. To the east of the property is the Birchwood Shopping Centre which houses occupiers including Asda, McDonald’s, New Look and Sports Direct. Birchwood Boulevard Office Park is home to occupiers
including NHS Warrington, SCC, First Recruitment and Frontier Software.

Tenure

Freehold.

Location
Miles
17 miles west of Manchester, 18 miles east of Liverpool
Roads
A49, M6, M56, M62
Rail
Warrington Central, Warrington Bank Quay Rail Stations
Air
Manchester International Airport
Situation

The property forms part of the well established Birchwood One office development which is strategically located adjacent to the M62 providing fast access to junction 11. To the east of the property is the Birchwood Shopping Centre which houses occupiers including Asda, McDonald’s, New Look and Sports Direct. Birchwood Boulevard Office Park is home to occupiers
including NHS Warrington, SCC, First Recruitment and Frontier Software.

Tenure

Freehold.

Description

The property comprises an office unit benefiting from suspended ceilings, recessed lighting, central heating and with onsite parking for approximately 43 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises an office unit benefiting from suspended ceilings, recessed lighting, central heating and with onsite parking for approximately 43 cars.

VAT

VAT is applicable to this lot.

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 Review/(Reversion)
Ground Office
1,653.30 sq m
17,796 sq ft
 ENTSERV UK
LIMITED (1)		 Approximately 11
years & 2 months
from 19/12/2012
(2) (3)		 £130,000 25/12/2020
(28/02/2024)
Total  
1,653.30 sq m
17,796 sq ft
     £130,000  

(1) For the year ending 31st October 2015, Entserv UK Limited Limited reported a turnover of £2,159,331,000, pre-tax profits of 30,183,000 and a total net worth of £529,072,000. (Source: Experian Group 17/01/2017). Entserv UK Limited are part of Hewlett Packard Enterprise who provide leading global technology services and have been in the innovation business for more than 75
years. (Source: www8.hp.com/uk/en/hpe/company_registration_details.html 20/01/2017)
(2) For the purpose of clarification, the current lease is for a term of approximately 7 years and 2 months expiring 28/02/2020, although, in addition, a reversionary lease is in place from expiry of the current term until 28/02/2024. Entserv UK Limited are currently benefitting from a 9 month concessionary rent of £1 p.a. due to expire on 15/10/2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £130,000 p.a.x from the completion of sale.
(3) The lease provides an annual tenant option to determine from 25/12/2021.

Contacts

Seller's Solicitors
Hamlins LLP Roxburghe House273-287 Regents Street
London
W1B 2AD
Joseph Holder 0207 355 6112joseph.holder@hamlins.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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