Teleware House, York Road Thirsk North Yorkshire YO7 3BX

Teleware House, York Road
Thirsk
North Yorkshire
YO7 3BX

Substantial Modern Office Investment

Majority let to Teleware Plc
Teleware Plc in occupation since at least 2001
Totalling approximately 2,403.19 sq m (25,868 sq ft)
Located in affluent market town at the junction of the A19 and A170
Large on-site car park for approximately 110 cars
Residential redevelopment potential (subject to lease and consents)

Lot
41
Auction
24th May 2018
Rent
£172,055 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Substantial Modern Office Investment

Majority let to Teleware Plc
Teleware Plc in occupation since at least 2001
Totalling approximately 2,403.19 sq m (25,868 sq ft)
Located in affluent market town at the junction of the A19 and A170
Large on-site car park for approximately 110 cars
Residential redevelopment potential (subject to lease and consents)

Lot 41
Auction 24th May 2018
Rent £172,055 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 40 miles north-east of Leeds, 22 miles north-west of York, 27 miles north of Harrogate
Roads: A19, A168, A170, A61, A1(M)
Rail: Thirsk Railway Station
Air: Leeds Bradford International Airport

Situation

Thirsk is an affluent market town situated in North Yorkshire, some 40 miles north-east of Leeds. The property is situated to the east of the town centre at the entrance to Thirsk Industrial Estate, an established commercial area. Nearby occupiers include Howdens, Highways Agency, Royal Mail and NFU.

Tenure

Long Leasehold. Held for a term of 109 years from 21/08/2015 at £38,745 per annum. The rent is reviewed 5 yearly at 2% per annum compounded. Option to purchase Freehold for £820,000 until 20/08/2018 (further details in legal pack).

Location

Miles: 40 miles north-east of Leeds, 22 miles north-west of York, 27 miles north of Harrogate
Roads: A19, A168, A170, A61, A1(M)
Rail: Thirsk Railway Station
Air: Leeds Bradford International Airport

Situation

Tenure

Description

The property comprises a modern detached office building arranged over ground and two upper floors. The property benefits from suspended ceilings, recessed lighting, full access raised floors and air conditioning, along with 110 car parking spaces. Additionally, the property benefits from an approximate site area of 0.66 hectares (1.63 acres).

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
Part ground Part first Second	Office Office Office	134.24 sq m 506.32 sq m 818.00 sq m	(1,445 sq ft) (5,450 sq ft) (8,805 sq ft)	TELEWARE PLC (1)	7 years from 25/03/2015	£171,055	(24/03/2022)
Part ground Part first	Office Office	635.27 sq m 309.36 sq m	(6,838 sq ft) (3,330 sq ft)	THIRSK BUSINESS CENTRE LIMITED (2)	25 years from completion	£1,000 (3)
Total:		2,403.19 sq m	(25,868 sq ft)			£172,055

(1) Teleware Plc is a subsidiary of Teleware Group Plc. In 1991, Teleware was established to provide leading and innovative communications software support to businesses and customers globally (www.teleware.com). For the year ending 31st March 2017, Teleware Plc reported a total net worth of £4,012,000 (Source: Experian Group 01/05/2018).
(2) The tenant sub-lets the premises as individual suites.
(3) Under the terms of the lease, the tenant pays a rent of £1,000 per annum plus the ground rent payable by the landlord.