Tenants include HSBC Bank plc and Office Angels Ltd
Established office location close to the A4
Approximately 1,140.99 sq m (12,281 sq ft)
Potential alternative uses including residential development (subject to consents)
Large on site car park for approximately 53 cars
Six Week Completion Period Available
Lot 12
Auction 14th February 2013
Rent £85,960 per Annum Exclusive
Status Sold
Price £1,100,000
Sector Office
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Joint Administrators at Moorfields Corporate Recovery
Property Information
Location
Miles
20 miles west of Central London, 17 miles east of Reading, 3.5 miles north of Windsor
Roads
A4, A335, A412,M4 (Junction 6)
Rail
Slough Rail Station (approx 35mins to London Paddington)
Air
London Heathrow Airport, London Luton Airport, London City Airport
Situation
The property is situated in a prominent location on the eastern side of Windsor Road, an established office area less than 2 miles from Junction 6 of the M4. Nearby occupiers include Fujitsu, Thames Valley Police and Travelodge.
The property lies adjacent to Arbor Hill House which is currently being extended and converted from an office to comprise fourteen 1 and 2 bedroom apartments. For further information, please refer to application number P/00861/012 at Slough Borough Council Planning Department.
Tenure
Freehold.
Location
Miles
20 miles west of Central London, 17 miles east of Reading, 3.5 miles north of Windsor
Roads
A4, A335, A412,M4 (Junction 6)
Rail
Slough Rail Station (approx 35mins to London Paddington)
Air
London Heathrow Airport, London Luton Airport, London City Airport
Situation
The property is situated in a prominent location on the eastern side of Windsor Road, an established office area less than 2 miles from Junction 6 of the M4. Nearby occupiers include Fujitsu, Thames Valley Police and Travelodge.
The property lies adjacent to Arbor Hill House which is currently being extended and converted from an office to comprise fourteen 1 and 2 bedroom apartments. For further information, please refer to application number P/00861/012 at Slough Borough Council Planning Department.
Tenure
Freehold.
Description
The property comprises a four storey office building which benefits from open plan accommodation, suspended ceilings, a lift and significant on-site parking for approximately 53 cars.
NB. This property is being marketed for sale on behalf of Simon Thomas and
Shelley Bullman of Moorfields Corporate Recovery LLP, Joint Administrators of
Argyll Ventures Limited and therefore no warranties or guarantees in any
respect, including VAT, can be given. The Joint Administrators are not bound to
accept the highest or any offer and are acting as agents of the Company only
and without personal liability.
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 comprises a four storey office building which benefits from open plan accommodation, suspended ceilings, a lift and significant on-site parking for approximately 53 cars.
NB. This property is being marketed for sale on behalf of Simon Thomas and
Shelley Bullman of Moorfields Corporate Recovery LLP, Joint Administrators of
Argyll Ventures Limited and therefore no warranties or guarantees in any
respect, including VAT, can be given. The Joint Administrators are not bound to
accept the highest or any offer and are acting as agents of the Company only
and without personal liability.
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
Office
258.87 sq m
(2,786 sq ft)
VACANT POSSESSION
First
Office
294.04 sq m
(3,165 sq ft)
HSBC BANK PLC (1) (2)
10 years from 03/10/2003
£57,960
02/10/2013
Second
Office
196.03 sq m
(2,110 sq ft)
VACANT POSSESSION
Second
Office
98.01 sq m
(1,055 sq ft)
OFFICE ANGELS LTD (3)
5 years from 02/02/2012 (4)
£28,000
01/02/2017
Third
Office
294.04 sq m
(3,165 sq ft)
VACANT POSSESSION
Totals
1,140.99 sq m
(12,281 sq ft)
£85,960
1) For the year ending 31st December 2011, HSBC Bank plc reported a pre-tax profit of £3,111,000,000 and a net worth of £20,095,000,000. (Source: www.riskdisk.com 14/01/2013) (2) The tenant is not currently in occupation. (3) Founded in 1986, Office Angels Recruitment Consultants are part of The Adecco Group, the world’s leading provider of HR solutions. The Adecco Group employs over 31,000 members of staff, and operates across 5,500 offices in more than 60 countries worldwide. (Source: www.office-angels.com 14/01/2013) (4) There is a tenant only option to determine on 02/02/2015 on providing 6 months’ written notice.
