St John's House 30 East Street Leicester LE1 6NB

  • St John's House<br>30 East Street<br>Leicester<br>LE1 6NB

St John's House
30 East Street
Leicester
LE1 6NB

Substantial Freehold City Centre Office Investment with Potential

  • Majority let to Leicester Primary Care NHS Trust
  • Opposite Leicester Railway Station
  • Approximately 4,514.16 sq m (48,590 sq ft)
  • Secure car park (ratio of 1:657 sq ft)
  • Nearby office occupiers include British Telecom,KPMG, Watemans LLP, Secretary of State,Premier Inn and Freeth Cartwright
  • Potential residential redevelopment (subject to consents)
  • Six Week Completion Period Available
  • Lot
    19
  • Auction
    18th October 2012
  • Rent
    £518,233 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,900,000
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
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Substantial Freehold City Centre Office Investment with Potential

  • Majority let to Leicester Primary Care NHS Trust
  • Opposite Leicester Railway Station
  • Approximately 4,514.16 sq m (48,590 sq ft)
  • Secure car park (ratio of 1:657 sq ft)
  • Nearby office occupiers include British Telecom,KPMG, Watemans LLP, Secretary of State,Premier Inn and Freeth Cartwright
  • Potential residential redevelopment (subject to consents)
  • Six Week Completion Period Available
  • Lot 19
  • Auction 18th October 2012
  • Rent £518,233 per Annum Exclusive
  • Status Sold
  • Price £1,900,000
  • Sector
    Office
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
27 miles South of Nottingham, 45 miles east of Birmingham
Roads
A6, A426, M1, M69
Rail
Leicester Rail Station (1 hour 7 minutes to London St Pancras)
Air
East Midlands Airport, Birmingham International Airport
Situation

The property is situated on a prominent corner location at the junction of East Street and South Albion Street just off London Road (A6), Leicester’s main Ring Road within Leicester’s central office district. The property is located opposite Leicester Rail Station.

Tenure

Freehold. A small part of the car park is held Leasehold until 14th December 2014 at a peppercorn rent.

Location
Miles
27 miles South of Nottingham, 45 miles east of Birmingham
Roads
A6, A426, M1, M69
Rail
Leicester Rail Station (1 hour 7 minutes to London St Pancras)
Air
East Midlands Airport, Birmingham International Airport
Situation

The property is situated on a prominent corner location at the junction of East Street and South Albion Street just off London Road (A6), Leicester’s main Ring Road within Leicester’s central office district. The property is located opposite Leicester Rail Station.

Tenure

Freehold. A small part of the car park is held Leasehold until 14th December 2014 at a peppercorn rent.

Description

The property is a substantial office building on the lower ground, ground and nine upper floors. The offices benefit from suspended ceilings, comfort cooling and perimeter trunking, three passenger lifts and a secure car park for approximately 74 cars. There is also a four room caretaker’s flat on the ninth floor. The property benefits from a site area of 0.35 hectares (0.86 acres).

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is a substantial office building on the lower ground, ground and nine upper floors. The offices benefit from suspended ceilings, comfort cooling and perimeter trunking, three passenger lifts and a secure car park for approximately 74 cars. There is also a four room caretaker’s flat on the ninth floor. The property benefits from a site area of 0.35 hectares (0.86 acres).

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/(Reversion)
Part Basement



Storage
15.42 sq m

(166 sq ft)

VACANT

   
Basement


Storage
34.28 sq m

(369 sq ft)

LEICESTER PRIMARY CARE
TRUST

Rolling 3 months £1,250
Ground &
6 Parking Spaces
Office
373.85 sq m

(4,024 sq ft)
THE ROYAL BANK OF
SCOTLAND PLC (1) (2)
10 years from 11/06/04 £44,000 (2014)
First Floor &
10 Parking Spaces
Office
640.01 sq m

(6,889 sq ft)
LEICESTER PRIMARY CARE
TRUST
10 years & 3 months from 25/12/03 £75,779 (2014)
Second Floor &
9 Parking Spaces
Office
640.01 sq m

(6,889 sq ft)
LEICESTER PRIMARY CARE
TRUST
10 years & 3 months from 25/12/03 £75,779 (2014)
Third floor &
5 Parking Spaces



Office
558.63 sq m

(6,013 sq ft)

LEICESTER PRIMARY CARE
TRUST

10 years from 25/03/04 £65,560 (2014)
Fourth Floor &
12 Parking Spaces


Office
558.63 sq m

(6,013 sq ft)

LEICESTER PRIMARY CARE
TRUST

10 years from 23/03/04 £66,143 (2014)
Fifth Floor Part Office
558.63 sq m

(1,656 sq ft)
VACANT AND TO LET
   
Fifth Floor Part &
3 Parking Spaces
Office
149.85 sq m

(1,613 sq ft)
BRETT & RANDALL
FINANCIAL SERVICES LTD
(3) (7)
5 years from 14/11/10 £17,436.50 (2015)
Fifth Floor Part &
2 Parking Spaces


Office
166.76 sq m

(1,795 sq ft)

MARSH CORPORATE
SERVICES LTD (4) (7)

5 years from 23/03/09 £30,000 (2014)
Sixth Floor &
8 Parking Spaces


Office
477.61 sq m

(5,141 sq ft)

LEICESTER PRIMARY CARE
TRUST

10 years from 25/03/04 £56,551 (2014)
Seventh Floor &
7 Parking Spaces
Office
405.15 sq m

(4,361 sq ft)
NATIONAL WESTMINSTER
BANK PLC (5)
10 years from 11/06/04 £47,900 (2014)
Eighth Floor Part &
2 Parking Spaces
Office
166.76 sq m

(1,795 sq ft)
LEICESTER PRIMARY CARE
TRUST
4 years and 9 months from
25/06/09
£19,745 (2014)
Eighth Floor Part &
1 Parking Space
Office
80.92 sq m

(871 sq ft)
VACANT AND TO LET
   
Ninth Floor & 2
Parking Spaces
Office
92.44 sq m

(995 sq ft)
GLENSTONE PROPERTY
INVESTMENT LTD (6)
10 years from 01/04/05 £11,000 (2015)
Ninth Floor Flat
4 Rooms

VACANT AND TO LET
   
4 Parking Spaces Parking Space

MARSH CORPORATE
SERVICES (UK) LIMITED (4)
Licence £3,340
3 Parking Spaces Parking Space

ROYAL BANK OF
SCOTLAND (1)
3 months Rolling Contract
from 14/06/05
£3,000
1 Parking Space Parking Space

GLENSTONE PROPERTY
INVESTMENT LTD (6)
Licence £750
Totals  
4,514.16 sq m
(48,590 sq ft)
    £518,233.50  

(1) For the year ending 31st December 2011, The Royal Bank of Scotland plc reported a turnover of £5,898,000,000 and a total net worth of £49,489,000,000. (Source; www.riskdisk.com 23/08/12)
(2) As to the ground floor office, the Tenant is not currently in occupation.
(3) For the year ending 31st July 2011, Brett and Randall Limited reported a turnover of £3,455,392 and a total net worth of £962,721. (Source; www.riskdisk.com 23/08/12)
(4) For the year ending 31st December 2010, Marsh Corporate Services Limited reported a turnover of £190,700,000, a total net worth of £82,000,000 and a pre-tax profit of £500,000. (Source; www.riskdisk.com 22/08/12)
(5) For the year ending 31st December 2011, National Westminster Bank plc reported a total net worth of £15,060,000,000. (Source; www.riskdisk.com 22/08/12)
(6) For the year ending 31st January 2012, Glenstone Property plc reported a turnover of £5,556,977, a pre-tax profit of £3,547,020 and a total net worth of £51,175,873. (Source; www.riskdisk.com 23/08/12)
(7) The lease is outside the Security of Tenure provision of the Landlord and Tenant Act 1954.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Mark SymondsMark Symonds +44 (0)20 7034 4858 mark.symonds@acuitus.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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