Modern office building on established industrial park
Part let to Protex (UK) Systems Ltd
413.51 sq m (4,451 sq ft) offered with Vacant Possession
Occupiers within the business park include The NHS, AES Seal Plc and Home Group Limited
Lot 46
Auction 23rd May 2019
Rent £10,500 per Annum Exclusive
Status Sold Post
Price
Sector Office
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
On behalf of Administrators
Property Information
Location
Miles
13 miles north-west of Darlington
24 miles south-east of Durham
35 miles south of Newcastle upon Tyne
Roads
A66, A19 and A1(M)
Rail
Stockton Rail
Air
Durham Tees Valley International Airport
Situation
Falcon Court is located on the established and popular Preston Farm Business Park, just two miles south of Stockton-on-Tees town centre. The business park benefits from strong road connections via the A135, A66 and A1(M). Occupiers within the business park include The NHS, AES Seal Plc, Home Group Limited and Northern Powergrid. Falcon Court also benefits from a creche and dentist.
Tenure
Virtual Freehold. Disposal to be by way of the grant of a new lease for a term of 999 years from completion at a peppercorn rent which shall include rights to parking.
Location
Miles
13 miles north-west of Darlington
24 miles south-east of Durham
35 miles south of Newcastle upon Tyne
Roads
A66, A19 and A1(M)
Rail
Stockton Rail
Air
Durham Tees Valley International Airport
Situation
Falcon Court is located on the established and popular Preston Farm Business Park, just two miles south of Stockton-on-Tees town centre. The business park benefits from strong road connections via the A135, A66 and A1(M). Occupiers within the business park include The NHS, AES Seal Plc, Home Group Limited and Northern Powergrid. Falcon Court also benefits from a creche and dentist.
Tenure
Virtual Freehold. Disposal to be by way of the grant of a new lease for a term of 999 years from completion at a peppercorn rent which shall include rights to parking.
Description
The property comprises a detached two storey building providing office accommodation over ground and first floors. The property benefits from rights to parking.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
EPC
Band C. See legal pack at www.acuitus.co.uk.
Description
The property comprises a detached two storey building providing office accommodation over ground and first floors. The property benefits from rights to parking.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
EPC
Band C. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Office
56.30 sq m
(606 sq ft)
PROTEX (UK) SYSTEMS LTD (1)
1 year from 01/10/2013
£10,500 (2)
Holding Over (3)
Ground
Office
178.00 sq m
(1,916 sq ft)
VACANT POSSESSION
First
Office
235.51 sq m
(2,535 sq ft)
VACANT POSSESSION
Total
469.80 sq m
(5,057 sq ft)
£10,500
(1) Protex Systems is a leading supplier of industrial fire and gas detection instrumentation, fire and gas detection systems and fire and gas consultancy services, including 3D fire and gas mapping (Source: www.protex-systems.co.uk 24/04/2019). (2) The rent is inclusive of utilities and service charge. (3) Protex (UK) Systems Ltd has expressed interest in taking further space at the property.
Contacts
Seller's Solicitors
Brecher LLP 4th Floor, 64 North Row, Mayfair London W1K 7DA
