Gresley House Ten Pound Walk Doncaster DN4 5HW

Gresley House
Ten Pound Walk
Doncaster
DN4 5HW

Substantial Office Investment

Situated on established office and Business Park location
Tenants include Aviva, Amey Rail, NHS and GE Energy (UK)
Nearby occupiers include Barclays, Renault, Kronos, ATS Euromaster and NHS
Approximately 3,529.82 sq m (37,995 sq ft) with versatile floor plates
Car parking for approximately 145 cars, providing a car parking ratio of 1:262
Future redevelopment potential (subject to consents)
Six Week Completion

Lot
13
Auction
17th October 2013
Rent
£456,862 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP
On Behalf Joint LPA Receivers at Knight Frank

Important Update Interested?

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Substantial Office Investment

Situated on established office and Business Park location
Tenants include Aviva, Amey Rail, NHS and GE Energy (UK)
Nearby occupiers include Barclays, Renault, Kronos, ATS Euromaster and NHS
Approximately 3,529.82 sq m (37,995 sq ft) with versatile floor plates
Car parking for approximately 145 cars, providing a car parking ratio of 1:262
Future redevelopment potential (subject to consents)
Six Week Completion

Lot 13
Auction 17th October 2013
Rent £456,862 per Annum Exclusive
Status Sold Post
Price
Sector
Office
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP
On Behalf Joint LPA Receivers at Knight Frank

Property Information

Location

Miles: 0.5 miles south of Doncaster Town Centre; 19 miles north-east of Sheffield; 28 miles south-east of Leeds
Roads: A1 (M) (Junction 36), M1 (Junction 32), M18 (Junction 3), White Rose Way (A6182)
Rail: Doncaster Railway Station (1 hour 49 minutes to London Kings Cross)
Air: Doncaster Robin Hood Airport & Leeds Bradford Airport

Situation

The property is situated in a well located and established office and business park approximately 0.5 miles south of Doncaster Town Centre. Gresley House is situated on the eastern side of Ten Pound Walk which is accessed directly from White Rose Way (A6182), a major arterial route to Doncaster from the M18. Nearby occupiers include Barclays, Renault, Kronos, ATS Euromaster and NHS.

Tenure

Long Leasehold. Held from Doncaster Borough Council for a term of 125 years from 03/09/1990 at a peppercorn rent.

Location

Miles: 0.5 miles south of Doncaster Town Centre; 19 miles north-east of Sheffield; 28 miles south-east of Leeds
Roads: A1 (M) (Junction 36), M1 (Junction 32), M18 (Junction 3), White Rose Way (A6182)
Rail: Doncaster Railway Station (1 hour 49 minutes to London Kings Cross)
Air: Doncaster Robin Hood Airport & Leeds Bradford Airport

Situation

Tenure

Long Leasehold. Held from Doncaster Borough Council for a term of 125 years from 03/09/1990 at a peppercorn rent.

Description

The property comprises a substantial office building on the ground, first and second floors and benefits from versatile ‘T’ shape configured floor plates rendering each wing to be readily sub-let.
The property has a site area of approximately 1.26 hectares (3.11 acres) providing car parking for approximately 145 cars. The accommodation benefits from 2 x 8 passenger lifts, suspended ceilings and raised floors.

Note:
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not 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)
Ground	Office	486.99 sq m	(5,242 sq ft)	AVIVA LIFE & PENSIONS UK LIMITED sublet to Network Rail (1) (2)	25 years from 16/09/1991	£60,112	(15/09/2016)
Ground	Office	287.72 sq m	(3,097 sq ft)	AMEY RAIL LTD (3)	1.5 years from 13/09/2012	£32,250	(24/03/2014)
Ground	Office	345.04 sq m	(3,714 sq ft)	NHS PROPERTY SERVICES LTD (4)	10 years from 21/10/2009	£45,528	(20/01/2019)
First Second (Part)	Office	1,205.03 sq m 380.53 sq m	(12,971 sq ft) (4,096 sq ft)	GE ENERGY (UK) LTD (5) (6)	15 years from 31/03/2004	£155,472	31/03/2014 (30/03/2019)
Second (Part)	Office	824.51 sq m	(8,875 sq ft)	GE ENERGY (UK) LTD (5) (6)	15 years from 31/03/2004	£156,600	31/03/2014 (30/03/2019)
Car Park	Car Parking			NHS PROPERTY SERVICES LTD (4)	6 years from 01/04/2013	£6,900	(20/01/2019)
Totals		3,529.82 sq m	(37,995 sq ft)			£456,862

(1) The property is let to Aviva Life & Pensions UK Limited (formerly Norwich Union Life Insurance Society).
(2) For the year ending 31st December 2012, Aviva Life & Pensions UK Limited reported a turnover of £2,390,000,000, pre-tax profits of £547,000,000 and a total
net worth of £4,534,000,000 (Source: www.riskdisk.com 05/09/2013).
(3) Amey Rail Ltd is a subsidiary of Amey Plc. For the year ending 31/12/2012, Amey Plc reported pre-tax profits of £9,787,000 and a total net worth of £37,254,000. (Source: www.riskdisk.com 30/08/2013)
(4) NHS Property Services Ltd is wholly owned by the Secretary of State and was set up in April 2013 to manage the ex-Primary Care Trust Estate not sold to providers. (Source: http://www.property.nhs.uk)
(5) General Electric is a global company providing energy products and services to more than 120 countries and operates from 45 locations in the UK, including 25 manufacturing facilities. (Source: www.ge.com)
(6) Please note that GE Energy (UK) Ltd is not currently in occupation of the property.