Unit 2 Centech Park, Fringe Meadow Road Moons Moat Industrial Estate Redditch Worcestershire B98 9NR

Unit 2 Centech Park, Fringe Meadow Road
Moons Moat Industrial Estate
Redditch
Worcestershire
B98 9NR

Freehold Office Investment

Let to Cash Converters (UK) Limited
Benefits from allocated parking for six cars
Situated on well located and established business park
Nearby occupiers include Capita, Aggora Group, SSE, Audio Group and McDonald’s

Lot
57
Auction
13th July 2017
Rent
£12,615 per Annum Exclusive
Status
Sold
Price
£130,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Office Investment

Let to Cash Converters (UK) Limited
Benefits from allocated parking for six cars
Situated on well located and established business park
Nearby occupiers include Capita, Aggora Group, SSE, Audio Group and McDonald’s

Lot 57
Auction 13th July 2017
Rent £12,615 per Annum Exclusive
Status Sold
Price £130,000
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 13 miles south of Birmingham, 19 miles west of Royal Leamington Spa, 20 miles north-east of Worcester
Roads: A435, A441, M42 (Junction 3), M40 (Junction 16), M5
Rail: Redditch Railway Station
Air: Birmingham International Airport

Situation

Centech Park is situated on Fringe Meadow Road and comprises a campus-style development of single storey offices on Moons Moat North Industrial Estate, the town’s principal business and industrial estate located 3 miles east of Redditch town centre. The estate benefits from excellent transport links being located off the A441, which provides access to the M42 Motorway to the north (approximately 5 minutes’ drive). Nearby occupiers include Capita, Aggora Group, SSE Audio Group and McDonald’s.

Tenure

Freehold.

Location

Miles: 13 miles south of Birmingham, 19 miles west of Royal Leamington Spa, 20 miles north-east of Worcester
Roads: A435, A441, M42 (Junction 3), M40 (Junction 16), M5
Rail: Redditch Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

Centech Park comprises 11 self-contained single storey offices totalling 27,697 sq ft. The Freehold of Units 1 and 3-11 have been individually sold to parties who are responsible for paying an estate service charge to Centech Park Management Company Limited (the management company). The proposed sale of Unit 2 includes the retained areas of the Freehold estate, and a controlling interest in the management company. This interest allows for the charging of management fees for running the estate’s service charge.
Unit 2 comprises ground office accommodation benefitting from suspended ceilings, double glazing and central heating.

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

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	Reversion
Ground	Office/Ancillary	145.58 sq m	(1,567 sq ft)	CASH CONVERTERS (UK) LIMITED (1)	10 years from 30/04/2010	£12,615	29/04/2020
Total		145.58 sq m	(1,567 sq ft)			£12,615

(1) Cash Converters are the world’s largest retailer of second-hand goods with over 700 stores across 21 countries worldwide. In the UK alone, Cash Converters have more than 200 stores (www.cashconverters.co.uk).