Tenants include Hillcrest Ltd, Theradex (Europe) Ltd, Mainstream Data Ltd, SMC Pneumatics (UK) Ltd and HPAS Ltd, t/a Safestyle
Close to Broadfield Barton Shopping Centre
On-site car parking
Further Letting opportunities
Six Week Completion Available
Lot 37
Auction 10th July 2012
Rent £225,061 per Annum Exclusive
Status Sold
Price £1,170,000
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2.8 miles south of Crawley, 21 miles north of Brighton, 33 miles south of London
Roads
A23, A264, M23 (Junction 11)
Rail
Crawley Railway Station
Air
London Gatwick
Situation
The property is situated to the north of Pelham Place close to Broadfield Barton Shopping Centre and 3 miles south of Crawley. Nearby occupiers include Morrisons, Superdrug and Total Garage.
Tenure
Freehold.
Location
Miles
2.8 miles south of Crawley, 21 miles north of Brighton, 33 miles south of London
Roads
A23, A264, M23 (Junction 11)
Rail
Crawley Railway Station
Air
London Gatwick
Situation
The property is situated to the north of Pelham Place close to Broadfield Barton Shopping Centre and 3 miles south of Crawley. Nearby occupiers include Morrisons, Superdrug and Total Garage.
Tenure
Freehold.
Description
The property comprises 14 self-contained modern office buildings over ground and first floors. The property also benefits from on-site car parking for approximately 69 cars.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises 14 self-contained modern office buildings over ground and first floors. The property also benefits from on-site car parking for approximately 69 cars.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
No
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversions)
1
Ground and First
Office
139.17 sq m
(1,498 sq ft)
VACANT POSSESSION
2
Ground and First
Office
137.77 sq m
(1,483 sq ft)
REVO RECRUITMENT (1)
5 years from 26/09/2008
(26/09/2013)
3
Ground and First
Office
133.69 sq m
(1,439 sq ft)
REVO RECRUITMENT (1)
5 years from 26/09/2008
(26/09/2013)
4
Ground and First
Office
137.68 sq m
(1,482 sq ft)
POWERSOFT COMPUTER SERVICES LIMITED
25 years from 25/03/1990
£23,000
(24/03/2015)
5
Ground and First
Office
169.08 sq m
(1,820 sq ft)
BUNZL OUTSOURCING SERVICES UK LTD (2)
25 years from 25/12/1989
£35,000
(24/12/2014)
6
Ground
Office
83.15 sq m
(895 sq ft)
THERADEX (EUROPE) LTD
2 years from 25/12/2011
£14,180
(24/12/2013)
Ground
Office
90.95 sq m
(979 sq ft)
VACANT POSSESSION
(31/08/2008)
7
Ground and First
Office
(166.76 sq ft)
(1,795 sq ft)
THERADEX (EUROPE) LTD
2 years from 25/12/2011
£28,000
(24/12/2013)
8
Ground and First
Office
155.33 sq m
(1,672 sq ft)
MAINSTREAM DATA LTD
5 years from 25/03/2011 (3)
£18,750
24/03/2014/(24/03/2016)
9
Ground and First
Office
160.07 sq m
(1,723 sq ft)
SMC PNEUMATICS (UK) LTD (4)
25 years from 25/03/1990
£26,200
(24/03/2015)
10
Ground and First
Office
147.06 sq m
(1,583 sq ft)
THERADEX (EUROPE) LTD
2 years from 25/12/2011
£22,748
(24/12/2013)
11
Ground & First
Office
78.69 sq m
(847 sq ft)
SPONSOR FOOTBALL LIMITED
3 years from 01/11/2011 (5)
£5,750
(31/10/2014)
Ground & First
Office
75.81 sq m
(816 sq ft)
THERADEX (EUROPE) LTD
2 years from 25/12/2011
£12,649
(24/12/2013)
12
Ground & First
Office
124.40 sq m
(1,339 sq ft)
HILLCREST LTD
5 years from 20/05/2010
£8,034
20/05/2013/(19/05/2015)
13
Ground & First
Office
137.59 sq m
(1,481 sq ft)
1FOUR1 RECRUITMENT LIMITED
3 years from 23/06/2011
£8,250
23/06/2013/ (22/06/2014) (6)
14
Ground & First
Office
123.28 sq m
(1,327 sq ft)
HPAS LIMITED t/a Safestyle
6 years from 03/07/2007
£22,500
(02/07/2013)
Totals
2,060.48 sq m
(22,179 sq ft)
£225,061
(1) The tenant is not in occupation and is not paying rent however the leases have not been surrendered. (2) The tenant is not in occupation. (3) The lease provides a tenants option to determine on 24th March 2014. If the tenant does not exercise this break then the rental income will increase to £19,500 p.a.x. (4) The tenant is not in occupation. (5) The lease provides a tenants option to determine on 1st November 2013, subject to 4 months written notice. (6) There is a fixed rental increase to £9,250 p.a.x.
