Unit 1 Bramhall Place Storeys Bar Road Peterborough PE1 5YS

Unit 1 Bramhall Place
Storeys Bar Road
Peterborough
PE1 5YS

Freehold Office Investment

Modern Office Investment
Let to a subsidiary of General Electric Company
Comprises Car Parking for approximately 21 cars (ratio of 1:25.7 sq m)
Nearby occupiers include Centrica Energy, Fiat, Volkswagen and Magnet
Excellent communication routes via the A1(M) Junction 17
Well located close to Peterborough’s parkway road system
Six Week Completion Available

Lot
44
Auction
6th December 2012
Rent
£55,480 per Annum Exclusive
Status
Sold
Price
£290,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Office Investment

Modern Office Investment
Let to a subsidiary of General Electric Company
Comprises Car Parking for approximately 21 cars (ratio of 1:25.7 sq m)
Nearby occupiers include Centrica Energy, Fiat, Volkswagen and Magnet
Excellent communication routes via the A1(M) Junction 17
Well located close to Peterborough’s parkway road system
Six Week Completion Available

Lot 44
Auction 6th December 2012
Rent £55,480 per Annum Exclusive
Status Sold
Price £290,000
Sector
Office
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 36 miles north of Cambridge, 44 miles east of Leicester, 80 miles north of Central London
Roads: A1139, A1(M) Junction 17
Rail: Peterborough Rail Station, direct to London King’s Cross in approximately 50 minutes
Air: London Stansted Airport

Situation

The Cathedral City of Peterborough is an important regional and commercial centre for the counties of Cambridgeshire and Lincolnshire. The property is situated approximately 2 miles east of the city centre and benefits from excellent access to Peterborough’s parkway road system with dual carriageway links to the A1 a few hundred yards from the premises. Major nearby occupiers include
Centrica Energy, Fiat, Volkswagen and Magnet.

Tenure

Freehold.

Location

Miles: 36 miles north of Cambridge, 44 miles east of Leicester, 80 miles north of Central London
Roads: A1139, A1(M) Junction 17
Rail: Peterborough Rail Station, direct to London King’s Cross in approximately 50 minutes
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a self-contained modern office building over ground and first floors. The accommodation benefits from suspended ceilings, recessed lighting, double glazed windows, full gas fired central heating and perimeter 3 compartment trunking. There are approximately 21 car parking spaces.

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	Reversion
Ground First	Office Office	271.84 sq m 268.87 sq m	(2,925 sq ft) (2,893 sq ft)	G E CAPITAL EUROPE LIMITED (1) (2) (3)	25 years from 08/11/1990 on a full repairing and insuring lease (4)	£55,480	07/11/2015
Totals		540.71 sq m	(5,818 sq ft)			£55,480

(1) For the year ending 31st December 2010, G E Capital Europe Limited reported a turnover of £84,018,000, a pre-tax profit of £1,693,000 and a total net worth of £20,098,000. (Source: www.riskdisk.com 08/11/2012).
(2) General Electric Company is the ultimate holding company of G E Capital Europe Limited.
(3) The tenant is not currently in occupation.
(4) The lease demise comprises the office building only. The open land and car parking spaces within the Seller’s freehold title are outside the demise.