Let to Trillium (Prime) Property GP Ltd, t/a Job Centre Plus
Let off a low rent of £4.91 per sq ft
Valuable rent review in 2014
Neighbouring the Longton Exchange Shopping Centre
Six Week Completion Period Available
Lot 15
Auction 7th July 2011
Rent £85,850 per Annum Exclusive
Status Sold Post
Price
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
45 miles north of Birmingham, 41 miles south of Manchester
Roads
M6, A50, A34, A520
Rail
Longton Rail
Air
Manchester Airport, Birmingham Airport
Situation
Longton, the second largest of the six towns which comprises the Potteries conurbation, has a population of some 254,000. The property is situated next to the busy Longton Exchange Shopping Centre on The Strand (A5007), one of Longton's main thoroughfares. Longton Railway Station is located nearby, some 250 metres north of the property. Nearby occupiers include Lidl, William Hill, Peacocks, Wilkinsons and Thomas Cook.
Tenure
Long Leasehold. Held for a term of 113 years from 18th February 1970 at a peppercorn rent
Location
Miles
45 miles north of Birmingham, 41 miles south of Manchester
Roads
M6, A50, A34, A520
Rail
Longton Rail
Air
Manchester Airport, Birmingham Airport
Situation
Longton, the second largest of the six towns which comprises the Potteries conurbation, has a population of some 254,000. The property is situated next to the busy Longton Exchange Shopping Centre on The Strand (A5007), one of Longton's main thoroughfares. Longton Railway Station is located nearby, some 250 metres north of the property. Nearby occupiers include Lidl, William Hill, Peacocks, Wilkinsons and Thomas Cook.
Tenure
Long Leasehold. Held for a term of 113 years from 18th February 1970 at a peppercorn rent
Description
The property comprises a substantial office building benefiting from central heating and L-shaped floorplates on ground floor and two upper floors, served by a passenger lift. The property also benefits from a gated car park accommodating some 23 cars. The tenant has carried out a recent refurbishment programme.
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 a substantial office building benefiting from central heating and L-shaped floorplates on ground floor and two upper floors, served by a passenger lift. The property also benefits from a gated car park accommodating some 23 cars. The tenant has carried out a recent refurbishment programme.
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
Ground First Second
Office Office Office
541.72 sq m 541.72 sq m 541.72 sq m
(5,831 sq ft) (5,831 sq ft) (5,831 sq ft)
TRILLIUM (PRIME) PROPERTY GP LTD, (t/a Job Centre Plus) (1)
24 years from 25/12/1994 until 2018
£85,850
2014
Totals
1625.16 sq m
(17,493 sq ft)
£85,850
(1) For the year ending 31st March 2010 Trillium (Prime) Property GP Limited reported a turnover of £595,757,000, pre-tax profits of £2,272,000 and a net worth of £605,616,000. (Source: www.riskdisk.com 08.06/2011)
