Drake House Gadbrook Park Northwich Cheshire CW9 7RA

Drake House
Gadbrook Park
Northwich
Cheshire
CW9 7RA

Virtual Freehold Office Investment

Let to Whittingham Riddell LLP (t/a WR Partners)-an established firm of Chartered Accountants
10 year lease expiring September 2030 (subject to option)
951.08 sq m (10,236 sq ft) on ground and first floors
Located in one of west Cheshire's most successful & established Business Parks
Other occupiers on the Park include Barclays Wealth and Investment Management, Nationwide Accident Repairs & OTB Engineering.

Lot
18
Auction
13th December 2021
Rent
£138,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Virtual Freehold Office Investment

Let to Whittingham Riddell LLP (t/a WR Partners)-an established firm of Chartered Accountants
10 year lease expiring September 2030 (subject to option)
951.08 sq m (10,236 sq ft) on ground and first floors
Located in one of west Cheshire's most successful & established Business Parks
Other occupiers on the Park include Barclays Wealth and Investment Management, Nationwide Accident Repairs & OTB Engineering.

Lot 18
Auction 13th December 2021
Rent £138,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Office
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 21 miles south-west of Manchester; 27 miles south-east of Liverpool
Roads: A556, A54, M6
Rail: Northwich
Air: Manchester Airport (15 miles)

Situation

Northwich lies approximately 13 miles north of Crewe and 22 miles south-west of Manchester within the heart of Cheshire. Northwich benefits from excellent road communication links being close to the A556 and A49 arterial routes and within 6 miles of J10 of the M56 motorway. Gadbrook Park is located in a strategic location next to the A556 dual carriageway, on the outskirts of Northwich, connecting to the M6 (J19) in less than 5 minutes. Nearby occupiers include Barclays Wealth and Investment Management, Nationwide Accident Repairs & OTB Engineering.

Tenure

Long Leasehold. 999 years from 25/03/2006 at a ground rent of £1,700 pa. The lease is subject to a rent review on 25/03/2026 and five yearly thereafter.

Location

Miles: 21 miles south-west of Manchester; 27 miles south-east of Liverpool
Roads: A556, A54, M6
Rail: Northwich
Air: Manchester Airport (15 miles)

Situation

Tenure

Long Leasehold. 999 years from 25/03/2006 at a ground rent of £1,700 pa. The lease is subject to a rent review on 25/03/2026 and five yearly thereafter.

Description

The property comprises a two storey building arranged as an office on both ground and first floors. The ground floor comprises a reception, meeting rooms, offices and kitchen/dining facilities. The first floor comprises further offices & meeting rooms. The property benefits from an 8 person passenger lift. The tenant has exclusive rights to use 50 car parking spaces.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion.

EPC

Available from the legal pack at www.acuitus.co.uk.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion.

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Office/Ancillary Office/Ancillary	472.03 sq m 479.05 sq m	(5,080 sq ft) (5,156 sq ft)	WHITTINGHAM RIDDELL LLP t/a WR Partners (1)	10 years from 02/09/2020 until 01/09/2030 (2) on a full repairing & insuring lease (3)	£138,000	02/09/2025
Total		951.08 sq m	(10,236 sq ft)			£138,000

(1) Whittingham Riddell LLP (t/a WR Partners) are an established firm of Accountants, Business Advisers & Tax Specialists who employ over 230 people in offices including Ludlow, Nantwich, Newtown, Northwich, Shrewsbury and Wrexham (www.wrpartners.co.uk). Established for over 120 years, WR Partners acquired Howard Worth Chartered Accountants in September 2020 further growing their business.
(2) The lease is subject to a tenant option to determine on 02/09/2025.
(3) The lease is full repairing & insuring, subject to a photographic Schedule of Condition.

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.