Teleware House, York Road Thirsk North Yorkshire YO7 3BX

Teleware House, York Road
Thirsk
North Yorkshire
YO7 3BX

Modern Freehold Office Investment

  • Majority let to Teleware plc on a new 7 year lease until 2022 (subject to note 2)
  • 944.63 sq m (10,168 sq ft) of offices to be let
  • Located in affluent market town at junction of A19 and A170
  • Large on-site car park for approximately 110 cars
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    27
  • Auction
    9th July 2015
  • Rent
    £171,055 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,230,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Administrators Alix Partners
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Modern Freehold Office Investment

  • Majority let to Teleware plc on a new 7 year lease until 2022 (subject to note 2)
  • 944.63 sq m (10,168 sq ft) of offices to be let
  • Located in affluent market town at junction of A19 and A170
  • Large on-site car park for approximately 110 cars
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 27
  • Auction 9th July 2015
  • Rent
  • Status Sold
  • Price £1,230,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Administrators Alix Partners

Property Information

Location
Miles
40 miles north-east of Leeds
22 miles north-west of York
27 miles north of Harrogate
Roads
A19, A168, A170, A61, A1(M)
Rail
Thirsk Railway Station
Air
Leeds Bradford International Airport
Situation

Thirsk is an affluent market town situated in North Yorkshire, some 40 miles north east of Leeds. The property is situated to the east of the town centre at the entrance to Thirsk Industrial Estate in a mixed industrial/office area. Nearby occupiers include Highways Agency, Royal Mail and NFU.

Tenure

Freehold.

Location
Miles
40 miles north-east of Leeds
22 miles north-west of York
27 miles north of Harrogate
Roads
A19, A168, A170, A61, A1(M)
Rail
Thirsk Railway Station
Air
Leeds Bradford International Airport
Situation

Thirsk is an affluent market town situated in North Yorkshire, some 40 miles north east of Leeds. The property is situated to the east of the town centre at the entrance to Thirsk Industrial Estate in a mixed industrial/office area. Nearby occupiers include Highways Agency, Royal Mail and NFU.

Tenure

Freehold.

Description

The property comprises a modern detached office building arranged over ground and two upper floors. The property benefits from suspended ceilings, recessed lighting, full access raised floors and air conditioning along with 110 car parking spaces. In addition there is an area of land to the rear, providing potential for expansion (subject to consents).

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

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 modern detached office building arranged over ground and two upper floors. The property benefits from suspended ceilings, recessed lighting, full access raised floors and air conditioning along with 110 car parking spaces. In addition there is an area of land to the rear, providing potential for expansion (subject to consents).

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

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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
Part Ground
First
Second
Office
Office
Office/Kitchen
134.24 sq m
506.32 sq m
818.00 sq m
(1,445 sq ft)
(5,450 sq ft)
(8,805 sq ft)
TELEWARE PLC (1) 7 years from 2015 on a full repairing and insuring lease (2) £171,055 (3) 2022
Ground
First
Office/Reception
Office
635.27 sq m
309.36 sq m
(6,838 sq ft)
(3,330 sq ft)
VACANT      
Totals
2,403.19 sq m
(25,868 sq ft)
    £171,055

(1) For the year ending 31st March 2014, Teleware Public Limited Company reported a turnover of £2,502,000, pre-tax profits of £106,000 and a total net worth of £5,472,000. (Source: www.riskdisk.com 12/06/2014)
(2)The lease is due to complete imminently and will be subject to a schedule of condition. Please refer to the auctioneers for further information.
(3)The lease is subject to a 24 month rent free period from 25th March 2015. The seller has agreed to adjust the completion monies so that the property will produce £171,055 p.a.x from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    16.06.15
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    16.06.15
    File Size
    76 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Addleshaw Goddard LLP 100 Barbirolli Square,
Manchester
M2 3AB
Jason Scott 0161 934 6529jason.scott@addleshawgoddard.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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