Systems House, Meridian South Meridian Business Park Leicester LE19 1WY

Systems House, Meridian South
Meridian Business Park
Leicester
LE19 1WY

Freehold Warehouse Investment

Let to SunGard Availability Services (UK) Limited on new 10 year Lease (subject to option)
Strategic location immediately adjacent to M1/M69
Easy access to Leicester city centre and Midlands
Approximately 1,541 sq m (16,597 sq ft)
Low site coverage of 40% and site area of 0.39 hectares (0.96 acres)
Six Week Completion Available

Lot
35
Auction
6th December 2012
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Warehouse Investment

Let to SunGard Availability Services (UK) Limited on new 10 year Lease (subject to option)
Strategic location immediately adjacent to M1/M69
Easy access to Leicester city centre and Midlands
Approximately 1,541 sq m (16,597 sq ft)
Low site coverage of 40% and site area of 0.39 hectares (0.96 acres)
Six Week Completion Available

Lot 35
Auction 6th December 2012
Status Sold Prior
Price
Sector
Industrial, Warehouse
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 4 miles south-west of Leicester, 21 miles north-east of Coventry
Roads: A563, M1 (Junction 21), M69 (Junction 3)
Rail: Narborough Rail Station, Leicester Rail Station (Direct to London St Pancras 1hr 9 mins)
Air: Nottingham East Midlands Airport

Situation

Leicester is the second largest city in the East Midlands, located 27 miles south of Nottingham and 42 miles north-east of Birmingham, with excellent communication links. The property is prominently and strategically situated on the main estate road of Meridian Business Park, which is immediately adjacent to Junction 21 of the M1 motorway and the start of the M69 motorway. Meridian Business Park occupiers include Boden, Toyota Material
Handling, Azko Nobel and Electrical Insulation Services.

Tenure

Freehold.

Location

Miles: 4 miles south-west of Leicester, 21 miles north-east of Coventry
Roads: A563, M1 (Junction 21), M69 (Junction 3)
Rail: Narborough Rail Station, Leicester Rail Station (Direct to London St Pancras 1hr 9 mins)
Air: Nottingham East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial warehouse unit with ground and first floor office. The property benefits from an eaves height of 6m and 4 roller shutter doors. There is an extensive yard to the rear and car parking for approximately 25 cars to the north and east elevations. The total site area extends to approximately 0.39 hectares (0.96 acres) with a site coverage of 40%. The tenant has internally fitted out the property, including installing a mezzanine floor and back up power generators.

VAT

VAT is applicable to this lot.

EPC

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

Description

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
Ground& First	Warehouse Office	1,066.39 sq m 475.48 sq m	(11,479 sq ft) (5,118 sq ft)	SUNGARD AVAILABILITY SERVICES (UK) LIMITED (1)	10 years from 17/07/2012 until 16/07/2022 on a full repairing and insuring lease (2)	£88,275 (3)	17/07/2017
Totals		1,541.86 sq m	(16,597 sq ft)			£88,275 (3)

(1) SunGard is one of the world’s leading software and technology services companies. It has more that 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions, disaster recovery services in the event of a loss of power, network or communication systems. SunGard is ranked 380 in the Fortune 500 and is the world’s largest privately held business software and IT services company. (Source: www.sungard.com) For the year ending 31st December 2011 SunGard Availability Services (UK) Limited reported a turnover of £169,179,000, a total net worth of £51,539,000 and a net profit of £19,179,000 (Source: www.riskdisk.com 9/11/2012)
(2)The lease provides for a tenant option to determine the lease in the fifth year of the term. If the tenant does not operate this option to determine, the tenant will benefit from a three-month rent-free period. If the tenant does operate this option to determine, a three-month rent penalty will be payable.
(3)The tenant is due to benefit from a rent-free period between 23/01/2013 and 16/04/2013. The Vendor has agreed to adjust the completion monies so that the unit will effectively produce £88,275 p.a.x. throughout this period.