Claybrook House Claybrook Drive Redditch Worcestershire B98 0FH

Claybrook House
Claybrook Drive
Redditch
Worcestershire
B98 0FH

Freehold Office Investment

Entirely let to Interserve (Facilities Management) Limited - ultimately owned by Interserve Plc
Reversionary lease recently signed extending the term for an additional 5 years (subject to option)
Accommodation totalling approximately 1,088.95 sq m (11,722 sq ft) on a large site of approx 0.65 hectares (1.60 acres)
Future redevelopment potential (subject to consents)

Lot
69
Auction
18th October 2018
Rent
£120,000 per Annum Exclusive
Status
Sold
Price
£850,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

Expand
Photos
Map

Freehold Office Investment

Entirely let to Interserve (Facilities Management) Limited - ultimately owned by Interserve Plc
Reversionary lease recently signed extending the term for an additional 5 years (subject to option)
Accommodation totalling approximately 1,088.95 sq m (11,722 sq ft) on a large site of approx 0.65 hectares (1.60 acres)
Future redevelopment potential (subject to consents)

Lot 69
Auction 18th October 2018
Rent £120,000 per Annum Exclusive
Status Sold
Price £850,000
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 15 miles south of Birmingham, 18 miles west of Royal Leamington Spa, 19 miles north-east of Worcester
Roads: A435, M42, M40, M5
Rail: Redditch Railway Station
Air: Birmingham International Airport

Situation

The property is situated in an established office and industrial area, strategically located on the A435 which provides access to the M42, M40 and M5 to the north. Nearby occupiers include Toolstation, Valeo, Adare SEC, Carpet & Flooring, Gardner Denver and Avon.

Tenure

Freehold.

Location

Miles: 15 miles south of Birmingham, 18 miles west of Royal Leamington Spa, 19 miles north-east of Worcester
Roads: A435, M42, M40, M5
Rail: Redditch Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a two storey detached office building on a large site totalling 0.65 hectares (1.60 acres) with substantial car parking.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Description

The property comprises a two storey detached office building on a large site totalling 0.65 hectares (1.60 acres) with substantial car parking.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First	Office Office	452.59 sq m 636.36 sq m	(4,872 sq ft) (6,850 sq ft)	INTERSERVE (FACILITIES MANAGEMENT) LIMITED (1)	15 years from 22/12/2008 on a full repairing and insuring lease (2)	£120,000	21/12/2023
Total		1,088.95 sq m	(11,722 sq ft)			£120,000

(1) Interserve (Facilities Management) Limited is ultimately owned by Interserve Plc, a leader in construction, equipment, facilities management and citizen services. Interserve is headquartered in the UK and is FTSE listed (www.interserve.com). For the year ending 31st December 2017, Interserve (Facilities Management) Limited reported a turnover of £654,375,000, pre-tax profits of £1,697,000 and a total net worth of £33,373,000 (Source: Experian Group 19/09/2018).
(2) The tenant occupies the property under a lease for a term of 10 years from 22/12/2008 until 21/12/2018 at a current rent reserved of £120,000 p.a.x. A reversionary lease has been signed extending the term for an additional 5 years from 22/12/2018 until 21/12/2023 at a rent of £120,000 p.a.x. The reversionary lease provides for a tenant option to determine on 22/12/2021.