Tenants include Somerset County Council and Morson Wynnwith Limited
Established office area in town centre location
Approximately 854.1 sq m (9,193 sq ft)
Nearby occupiers include Yeovil County Court, Chesterton Humberts and Job Centre Plus
On-site car parking for approximately 12 cars
Six Week Completion Period Available
Rent is subject to Note 3
Lot 27
Auction 7th July 2011
Rent £73,850 per Annum Exclusive
Status Sold
Price £395,000
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On Instructions from Sarah Rayment & Shay Bannon of BDO LLP as Joint LPA Receivers
Property Information
Location
Miles
42 miles south of Bristol, 48 miles north-west of Bournemouth, 73 miles west of Southampton
Roads
A30, A303, A358, M5 (Junction 25)
Rail
Yeovil Pen Mill Rail Station, Yeovil Junction Rail Station
Air
Bristol Airport
Situation
The property is situated on the eastern side of Hendford which adjoins the western end of High Street. The property benefits from its proximity to Petter's Way Public Car Park directly to the rear, and to the town's main shopping facilities along Middle Street. Other nearby occupiers in the vicinity include Yeovil County Court, Chesterton Humberts, Job Centre Plus, Red Berry Recruitment and Charles Bishop Ltd.
Tenure
Freehold.
Location
Miles
42 miles south of Bristol, 48 miles north-west of Bournemouth, 73 miles west of Southampton
Roads
A30, A303, A358, M5 (Junction 25)
Rail
Yeovil Pen Mill Rail Station, Yeovil Junction Rail Station
Air
Bristol Airport
Situation
The property is situated on the eastern side of Hendford which adjoins the western end of High Street. The property benefits from its proximity to Petter's Way Public Car Park directly to the rear, and to the town's main shopping facilities along Middle Street. Other nearby occupiers in the vicinity include Yeovil County Court, Chesterton Humberts, Job Centre Plus, Red Berry Recruitment and Charles Bishop Ltd.
Tenure
Freehold.
Description
The property comprises office accommodation on ground, first and second floors. The property benefits from 12 car parking spaces to the rear, perimeter trunking, inset Category II lighting and a 6-person passenger lift.
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 office accommodation on ground, first and second floors. The property benefits from 12 car parking spaces to the rear, perimeter trunking, inset Category II lighting and a 6-person passenger lift.
VAT
VAT is applicable to this lot.
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
Reviews (Reversion)
Ground First
Office Office
275.6 sq m 288.6 sq m
(2,966 sq ft) (3,107 sq ft)
MORSON WYNNWITH LIMITED (1)
Tenancy at will from 23/12/2010 (2)
£47,600 (3)
Second
Office & 4 Car Parking Spaces
289.9 sq m
(3,120 sq ft)
SOMERSET COUNTY COUNCIL (4)
5 years from & including 27/11/2006 (5)
£26,250
(26/11/2011) (5)
Totals
854.1 sq m
(9,193 sq ft)
£73,850 (Subject to Note 3)
(1) Morson Wynnwith Limited enjoys a first class reputation within engineering, technical, airline and airport industries for providing premium recruitment services and are the supplier of choice for many blue chip employers. (Source: www.wynwith.com 06/06/2011) (2) The tenant is occupying under a tenancy at will following the administration of the previous tenant Wynnwith Group Ltd in 2010. The surrender of the previous leases occurred on 22nd December 2010. The tenancy at will is determinable at any time. (3) The rent stated is the combined annual rent payable under the previous leases. This rent combined with the service charge and insurance previously payable has been calculated to total an all inclusive daily rate of £206.98 which is now payable by the tenant under the tenancy at will. (4) Somerset County Council is made up of four Directorate - Children and Young People, Community, Environment, and Resources. Somerset County Council is part of a joint venture between Taunton Deane Borough Council, Avon & Somerset Police and IBM, which form Southwest One. (Source: www.somerset.gov.uk 06/06/2011) (5) Somerset County Council and the vendor are in the process of agreeing a 12 month extension to the lease on the same terms. Heads of Terms have been issued and are in the solicitor's hands. For further information, please refer to the Auctioneers.
Contacts
Seller's Solicitors
CMS Cameron McKenna LLP Mitre House, , 160 Aldersgate Street London EC1A 4DD +44 (0)20 7367 2000
