Majority let to The Intraining Group Limited with 3 floors available to let
City centre location within centre of Cultural Quarter
On site parking
Nearby occupiers include Haymarket Shopping Centre, Leicester Secular Hall, Leicester City Markets, The Curve and Athena Conference Centre
Six Week Completion Period Available
Lot 20
Auction 6th December 2012
Rent £159,840 per Annum Exclusive
Status Sold
Price £850,000
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
23 miles south of Nottingham 45 miles east of Birmingham 100 miles north of London
Roads
A47, A6, M1 (J21), M69 (J1)
Rail
Leicester (1 hour 7 minutes to London St Pancras International)
Air
East Midlands Airport, Birmingham International Airport
Situation
The property is prominently situated on Humberstone Gate within the central of the Cultural Quarter of the City of Leicester which has benefited from a large-scale regeneration project. Nearby occupiers include Haymarket Shopping Centre, Leicester Secular Hall, Leicester City Markets, The Curve and Athena Conference Centre.
Tenure
Freehold.
Location
Miles
23 miles south of Nottingham 45 miles east of Birmingham 100 miles north of London
Roads
A47, A6, M1 (J21), M69 (J1)
Rail
Leicester (1 hour 7 minutes to London St Pancras International)
Air
East Midlands Airport, Birmingham International Airport
Situation
The property is prominently situated on Humberstone Gate within the central of the Cultural Quarter of the City of Leicester which has benefited from a large-scale regeneration project. Nearby occupiers include Haymarket Shopping Centre, Leicester Secular Hall, Leicester City Markets, The Curve and Athena Conference Centre.
Tenure
Freehold.
Description
The property, a substantial and prominent modern office building, comprises office accommodation on the ground and seven upper floors. The offices benefit from air conditioning, open plan floor and a passenger lift. The property benefits from some 24 car parking spaces with rear access to the building via the off-street parking.
Refurbishment
The Intraining Group Limited have requested landlord’s consent to refurbish the ground floor suite.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a substantial and prominent modern office building, comprises office accommodation on the ground and seven upper floors. The offices benefit from air conditioning, open plan floor and a passenger lift. The property benefits from some 24 car parking spaces with rear access to the building via the off-street parking.
Refurbishment
The Intraining Group Limited have requested landlord’s consent to refurbish the ground floor suite.
VAT
VAT is 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, Ground, Part First & Second Floors
Office
806.77 sq m
(8,684 sq ft)
THE INTRAINING GROUP LIMITED (1)
7 years from 29/09/2009
£87,616
28/09/2014 (28/09/2016) (2)
First - Part (rear)
Office
154.96 sq m
(1,668 sq ft)
VACANT AND TO LET (3)
Third & Fourth
Office
733.19 sq m
(7,892 sq ft)
THE INTRAINING GROUP LIMITED (1)
7 years from 29/09/2009
£72,224
28/09/2014 (28/09/2016) (2)
Fifth
Office
354.14 sq m
(3,812 sq ft)
VACANT AND TO LET
Sixth
Office
359.44 sq m
(3,869 sq ft)
VACANT AND TO LET
Seventh
Office
359.45 sq m
(3,869 sq ft)
VACANT AND TO LET
Totals
2,767.95 sq m
(29,794 sq ft)
£159,840
(1) The Intraining Group is one of the top performing national training providers and leading provider of quality work based learning and training solutions to create better futures for individuals, families, business and communities (Source: http://www.intraining.co.uk/ 31/10/2012) (2)The lease provides for a tenant option to determine the lease on 28/09/2014. (3)The Sellers are in discussion with a potential occupier of the first floor for a term of 3 years at a rent of £8 per sq ft.
