Crown House Beecroft Road Cannock WS11 1JP

Crown House
Beecroft Road
Cannock
WS11 1JP

Freehold Office Investment

Entirely let to South Staffordshire College
Prominent town centre location just off A34
Ringway close to Cannock Shopping Centre
Approximately 1,583 sq m (17,039 sq ft) of office accommodation with on-site parking
Excellent Development Potential (Subject to Consents)
Nearby occupiers include the Post Office, Cannock Chase Hospital and Cannock Chase District Council
Six Week Completion Period Available

Lot
5
Auction
21st March 2013
Rent
£101,058 per Annum Exclusive
Status
Sold
Price
£540,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Freehold Office Investment

Entirely let to South Staffordshire College
Prominent town centre location just off A34
Ringway close to Cannock Shopping Centre
Approximately 1,583 sq m (17,039 sq ft) of office accommodation with on-site parking
Excellent Development Potential (Subject to Consents)
Nearby occupiers include the Post Office, Cannock Chase Hospital and Cannock Chase District Council
Six Week Completion Period Available

Lot 5
Auction 21st March 2013
Rent £101,058 per Annum Exclusive
Status Sold
Price £540,000
Sector
Office
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 9 miles north of Wolverhampton, 16 miles north of Birmingham
Roads: A34, M6 (Toll Road)
Rail: Cannock Railway Station (direct to Birmingham New Street in 38 mins)
Air: Birmingham International Airport

Situation

The property is situated in a prominent position on the southern side of Beecroft Road, just off the major A34 Ringway. Cannock Shopping Centre lies less than 150 metres to the south and houses retailers such as Carphone Warehouse, Argos, Specsavers, Thorntons, Costa Coffee and New Look. Other nearby occupiers include Cannock Chase Hospital, Cannock Chase District Council’s principal offices, a Post Office Delivery Office and Job Centre Plus.

Tenure

Freehold.

Location

Miles: 9 miles north of Wolverhampton, 16 miles north of Birmingham
Roads: A34, M6 (Toll Road)
Rail: Cannock Railway Station (direct to Birmingham New Street in 38 mins)
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a purpose built office building over three floors benefiting from two principal entrance areas, a lift, suspended ceilings, recessed category II lighting, perimeter trunking and on-site car parking to the rear for approximately 21 cars.

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 Second	Office Office Office	581 sq m 500 sq m 502 sq m	(6,252 sq ft) (5,383 sq ft) (5,404 sq ft)	SOUTH STAFFORDSHIRE COLLEGE (1)	15 months from 13/07/2012 to 12/10/2013	£101,058	13/01/2014 (2)
Totals		1,583 sq m	(17,039 sq ft)			£101,058

(1) South Staffordshire College offers over 200 full-time and part-time work-based training courses and apprenticeships to school leavers and adults. The College has been recognised nationally as the most successful College in Staffordshire, according to latest figures from the Data Service. (Source: www.southstaffs.ac.uk 20/02/2013)
(2)The tenant’s lease is currently due to expire in October 2013. The tenant however has requested a 3 month extension to their lease expiring January 2014 and the lease is currently in solicitor’s hands.