Approximate Site Area of 0.98 Hectares (2.41 acres) and a Site coverage of 16.22%
Includes Car Parking for 140 Cars
Nearby Occupiers include Premier Inn Hotels, Screwfix and Toolstation
Lot 18
Auction 15th December 2022
Rent £78,247 per Annum With Suites to be let
Status Sold
Price £800,000
Sector Office
Auction Venue Live Streamed Auction
On the Instructions of Receivers
Property Information
Location
Miles
38 Miles north of Birmingham, 28 Miles South of Manchester
Roads
A34, A500, M6 (Junction 16)
Rail
Stoke-On-Trent Railway Station
Air
Manchester Airport
Situation
The property is located on the well-established Packhouse Industrial estate some 2.6 miles north of Newcastle under Lyme town centre and benefits from being only 4 miles from junction 16 of the M6. Nearby occupiers include Premier Inn Hotels, Screwfix, Toolstation and We Buy Any Car.
Tenure
Freehold.
Location
Miles
38 Miles north of Birmingham, 28 Miles South of Manchester
Roads
A34, A500, M6 (Junction 16)
Rail
Stoke-On-Trent Railway Station
Air
Manchester Airport
Situation
The property is located on the well-established Packhouse Industrial estate some 2.6 miles north of Newcastle under Lyme town centre and benefits from being only 4 miles from junction 16 of the M6. Nearby occupiers include Premier Inn Hotels, Screwfix, Toolstation and We Buy Any Car.
Tenure
Freehold.
Description
The property comprises a substantial three storey office building extending to approximately 30,000 sq ft and a substantial car park for approximately 140 cars as well as four Disabled car parking spaces. The property benefits from a site area of 0.98 Hectares (2.41 Acres) and a site coverage of approximately 16.22%
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers. and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial three storey office building extending to approximately 30,000 sq ft and a substantial car park for approximately 140 cars as well as four Disabled car parking spaces. The property benefits from a site area of 0.98 Hectares (2.41 Acres) and a site coverage of approximately 16.22%
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers. and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.
Reversions
Ground Suite 1
Office
182.63
(2070)
BUILDING ENVIRONMENT CONTROL LIMITED (CRN 02429644)
5 Years from 22/11/2019 (2)
£17,995
21/11/2024
Ground Suite 2 and 15 car spaces
Office
192.40
(1937)
COUNTY INSURANCE CONSULTANTS LIMITED (CRN 04787941)
5 Years from 26/11/2021 (3)
£18,000
25/11/2026
Ground Suite 3 and 6 car spaces
Office
110.30
(1290)
ARCHANGEL ENTERPRISES LIMITED (CRN 05205432)
Tenancy at will
£8,223
Ground Suite 4 and 7 car spaces
Office
91.03
(1100)
ONE SURE INSURANCE LIMITED (CRN 05649077)
Lease until July 2022 (Holding Over)
£9,000
Ground Suite 5
Office
399.21
(3870)
VACANT POSSESSION
First Suites 6-8
Office
779.43
(8389)
VACANT POSSESSION
Second Suite 9
Office
655.50
(7055)
VACANT POSSESSION
Second Suite 10
Office
247.85
(2667)
FEDEX EXPRESS UK TRANSPORTATION LIMITED (CRN 01628530)
5 Years from 02/02/2021 (4)
£25,029
01/02/2026
Total Approximate Floor Area
2658.35 (1)
(28,558)
£78,247
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (2) As to the lease to Building Environment Control Ltd, the tenant has not exercised there 21st November 2022 option to determine the lease. (3) As to the lease to County insurance Consultants Ltd, the lease provides for a tenant option to determine the lease on 26th November 2024 on serving 6 months written notice. (4) As to the lease to Fedex Express UK Transportation Limited, the lease provides for an annual tenant option to determine the lease on serving 6 months written notice.
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.
