Modern Well Located Office Investment
Modern Well Located Office Investment
Forms part of Apex Office Development constructed in the mid 1980s. The Five Ways Junction is situated immediately to the east forming part of city's ring road. Fiveways Railway Station is an approximate 5 minutes' walk to the south of the property. Other nearby occupiers include RBS and Big Lotto.
Leasehold.
Forms part of Apex Office Development constructed in the mid 1980s. The Five Ways Junction is situated immediately to the east forming part of city's ring road. Fiveways Railway Station is an approximate 5 minutes' walk to the south of the property. Other nearby occupiers include RBS and Big Lotto.
Leasehold.
An attractive SELF-CONTAINED OFFICE arranged over ground and three upper floors. The accommodation benefits from under floor trunking, suspended ceilings, gas-fired central heating, comfort cooling units on the second and third floors, an 8-person passenger lift and car parking for approximately 13 cars. VATVAT is applicable to this lot. Tenure (additional information) Long leasehold. Held from The Calthorpe Estate for a term of 125 years from 29th September 1986 at ?480 p.a. rising by ?160 every 10 years.
The EPC will be available to view online in the solicitor’s legal pack.
An attractive SELF-CONTAINED OFFICE arranged over ground and three upper floors. The accommodation benefits from under floor trunking, suspended ceilings, gas-fired central heating, comfort cooling units on the second and third floors, an 8-person passenger lift and car parking for approximately 13 cars. VATVAT is applicable to this lot. Tenure (additional information) Long leasehold. Held from The Calthorpe Estate for a term of 125 years from 29th September 1986 at ?480 p.a. rising by ?160 every 10 years.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First |
Office |
206 sq m |
(2,213 sq ft) (2,488 sq ft) |
COUNTRYWIDE ESTATE AGENTS FS LTD (1)(2) | 25 years from 17/07/1990 |
£75,000 (6) | 17/07/2010 |
| Second Third |
Office Office |
246 sq m 178 sq m |
(2,650 sq ft) (1,919 sq ft) |
JOBSON JAMES FINANCIAL SERVICES LTD (3)(4) | 10 years from 24/06/2008 | £68,325 (5)(7) | 24/06/2013 |
| Total Floor Area | 861 sq m |
(9,270 sq ft) |
Total Rent | £143,325 | |||
(1)?Countrywide Estate Agents FS Ltd was previously known as Hambro Countrywide Financial Services Ltd. (2)?The first floor has been sub-let to Jobson James at ?30,000 p.a.x. until 2015. (3)?Jobson James was formed in 1991 and have operated their business from 1 Apex since 1998. In 2008 the company renewed their lease on the top two floors for a further 10 years and have now recently taken a sub-lease of the first floor. For more information please visit www.jobson-james.co.uk?(4)?The lease for the second and third floors is outside the Landlord & Tenant Act 1954. The lease also contains a tenant's option to determine on 24th June 2013. (5)?The current passing rent for the second and third floors is ?48,325 p.a.x. which rises by ?10,000 p.a.x. through to June 2011. The seller will pay the buyer the sum equal to the difference between the current rent reserved and ?68,325 p.a.x. from completion of the sale until june 2011(6)?The passing rent for the ground and first floors includes rent for 4 car parking spaces. (7)?The passing rent for the second and third floors includes rent for 9 car parking spaces.
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