Jobcentre Plus, 83-87 The Strand Longton Stoke-on-Trent ST3 2PF

Jobcentre Plus, 83-87 The Strand
Longton
Stoke-on-Trent
ST3 2PF

Substantial Office Investment

Prominent corner location in town centre
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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Substantial Office Investment

Prominent corner location in town centre
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

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

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)