Let to Tollers Solicitors on a new 10 year lease (1)
Excellent office location approximately
1/2 a mile from A1(M) (Junction 7)
18 car parking spaces
Adjacent to Starbucks, Spar, Greggs and Subway
Nearby occupiers include GSK, Omega Group, Acoura and BMW Enterprise
Lot 9
Auction 12th February 2020
Rent £94,000 per Annum Exclusive
Status Sold
Price £1,255,000
Sector Office
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
On Behalf of Praxis
Property Information
Location
Miles
32 miles north of Central London
14 miles east of Luton
Roads
A1(M), A602, M25, A10
Rail
Stevenage Railway Station
Air
Luton Airport, Stansted Airport
Situation
Stevenage, the county town of Hertfordshire, is a popular London commuter town some 30 miles north of Central London that benefits from excellent connections to London via the A1(M) and M25.
The property is located to the south of the town centre, close to Junction 7 of the A1(M). The property is located on the Arlington Business Park, which fronts Gunnels Wood Road and is accessed via Whittle Way from the A602. Occupiers nearby include GSK, Omega Group, Acoura, BCX, Beechwood, BMW and Enterprise. The property is adjacent to Starbucks, Greggs, Spar and Subway together with a Shell petrol station.
Tenure
Freehold.
Location
Miles
32 miles north of Central London
14 miles east of Luton
Roads
A1(M), A602, M25, A10
Rail
Stevenage Railway Station
Air
Luton Airport, Stansted Airport
Situation
Stevenage, the county town of Hertfordshire, is a popular London commuter town some 30 miles north of Central London that benefits from excellent connections to London via the A1(M) and M25.
The property is located to the south of the town centre, close to Junction 7 of the A1(M). The property is located on the Arlington Business Park, which fronts Gunnels Wood Road and is accessed via Whittle Way from the A602. Occupiers nearby include GSK, Omega Group, Acoura, BCX, Beechwood, BMW and Enterprise. The property is adjacent to Starbucks, Greggs, Spar and Subway together with a Shell petrol station.
Tenure
Freehold.
Description
The property comprises a ground and first floor detached office building. The office accommodation benefits from suspended ceilings, raised floors, comfort cooling, a lift and the right to 18 car parking spaces.
VAT
VAT is applicable to this lot.
EPC
Band C. See legal pack at www.acuitus.co.uk.
Description
The property comprises a ground and first floor detached office building. The office accommodation benefits from suspended ceilings, raised floors, comfort cooling, a lift and the right to 18 car parking spaces.
VAT
VAT is applicable to this lot.
EPC
Band C. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First
Office Office
287 sq m 287 sq m
(3,092 sq ft) (3,092 sq ft)
TOLLERS LLP (2)
10 years from 01/01/2020 on a full repairing and insuring lease (1)
£94,000 (3)
01/01/2025
Total
574 sq m
(6,184 sq ft)
£94,000
(1) Tenant's option to determine in the 5th year upon six months' written notice. (2) Tollers was founded in 1877 and has 175 members of staff, with offices and a geographic footprint throughout Northamptonshire, Buckinghamshire, Bedfordshire and Hertfordshire (Source:- www.tollers.co.uk). The tenant is not in occupation and will be undertaking fit out works shortly. (3) The tenant has a 12 month rent free period. The Seller will adjust completion monies so that the unit effectively produces £94,000 per annum from completion of the sale.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Contacts
Seller's Solicitors
Praxis Law 13 Police Street Manchester Manchester M2 7LQ
