Beetwell House Beetwell Street Chesterfield Derbyshire S40 1TF

Beetwell House
Beetwell Street
Chesterfield
Derbyshire
S40 1TF

Well Located Town Centre Office Investment

Substantial office building with 50 space under croft car park
Approx. 2,795.65 sq m (30,093 sq ft)
Office let to The Secretary of State for Levelling Up, Housing and Communities until August 2025
Immediate asset management opportunities including possible dilapidations settlement (not yet served)
Prominent location in Chesterfield town centre close to Ravenside Retail Park and Vicar Lane Shopping Centre

Lot
12
Auction
15th May 2025
Rent
Gross: £182,250 per Annum Exclusive
Status
Available
Guide*
£700,000
Auction Venue
Live Streamed Auction
On Behalf of Trustees
Octopus Bridging Loan for Buyers

Interested?

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Well Located Town Centre Office Investment

Substantial office building with 50 space under croft car park
Approx. 2,795.65 sq m (30,093 sq ft)
Office let to The Secretary of State for Levelling Up, Housing and Communities until August 2025
Immediate asset management opportunities including possible dilapidations settlement (not yet served)
Prominent location in Chesterfield town centre close to Ravenside Retail Park and Vicar Lane Shopping Centre

Lot 12
Auction 15th May 2025
Rent Gross: £182,250 per Annum Exclusive
Status Available
Guide* £700,000
Sector
Office
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Property Information

Location

Miles: 10 miles south of Sheffield, 22 miles north west of Nottingham
Roads: M1, A61, A617
Rail: Chesterfield Railway Station
Air: Sheffield City Airport

Situation

The property is prominently located on the corner of Beetwell Street and Lordsmill Street. The property is well positioned opposite Vicar Lane Shopping Centre and close to Ravenside Retail Park with excellent communications to the A61, A617 and in turn the M1. Nearby occupiers include Kwik Fit, B&M, Bensons for Beds, Marks and Spencer, Waterstones and JD Sports.

Tenure

Leasehold. Held on three separate titles. (Office) - 999 years from The Mayor, Aldermen and Burgesses of the Borough of Chesterfield until 21/06/2969 at a rent of £100 pa. (Office) - 999 years from The Mayor, Aldermen and Burgesses of the Borough of Chesterfield until 18/10/2965 at a rent of £8,646.84 pa (1). (Car Park) - 990 years until 24/09/2964 at a rent of £2,000 pa (2).

Location

Miles: 10 miles south of Sheffield, 22 miles north west of Nottingham
Roads: M1, A61, A617
Rail: Chesterfield Railway Station
Air: Sheffield City Airport

Situation

Tenure

Description

The property comprises a substantial office building providing office accommodation arranged on the ground to fifth floors. The property benefits from an under croft car park for approximately 50 vehicles.

VAT

VAT is applicable to this lot.

EPC

D79.

Description

VAT

VAT is applicable to this lot.

EPC

D79.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground First Second Third Fourth Fifth	Office Office Office Office Office Office	426.25 473.88 473.88 473.88 473.88 473.88	(4,588) (5,108) (5,108) (5,108) (5,108) (5,108)	THE SECRETARY OF STATE FOR LEVELLING UP, HOUSING AND COMMUNITIES	Approx. 3 years from 25/08/2018 (Holding Over)(3)	£182,250
Ground	Car Park (50 spaces)	-	-	VACANT	-	-
Total		2,795.65	(30,093)			£182,250

(1) The lease provides for the next rent review to take place on 19/10/2031 to 1/11th of rents receivable. Please see the legal pack.
(2) The lease provides for the next rent review to take place 25/03/2031 to 1/11th of rents receivable. Please see the legal pack.
(3) The landlord served a S25 notice (Landlord and Tenant Act 1954) on 22/11/2023. The occupational lease was extended and now expires on 31/08/2025.

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.