Alexander House & Norton House Crown Gate Runcorn Cheshire WA7 2UR

Alexander House & Norton House
Crown Gate
Runcorn
Cheshire
WA7 2UR

Freehold Office Investment

  • Tenants include Secretary of State and Azelis UK Limited
  • Opposite The Runcorn Shopping Centre
  • On Site Parking for 60 cars
  • Nearby occupiers include Cineworld, Aldi and Royal Mail Delivery Office
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    38
  • Auction
    8th December 2016
  • Rent
    £149,375 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,350,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Major
Important Update
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* More information on the term "guide" can be found here

Freehold Office Investment

  • Tenants include Secretary of State and Azelis UK Limited
  • Opposite The Runcorn Shopping Centre
  • On Site Parking for 60 cars
  • Nearby occupiers include Cineworld, Aldi and Royal Mail Delivery Office
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 38
  • Auction 8th December 2016
  • Rent
  • Status Sold
  • Price £1,350,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Major

Property Information

Location
Miles
10 miles west of Warrington, 15.5 miles south-east of Liverpool, 28 miles north-west of Manchester
Roads
A533, A558, M56 (Junction 12)
Rail
Runcorn Rail
Air
Liverpool John Lennon Airport (5 miles), Manchester Airport (19 miles), Blackpool International Airport (32 miles)
Situation

The property is situated on the western side of Crown Gate at its junction with East Lane just east of the A533 Central Expressway in Runcorn. Within close proximity of the property is the Runcorn Shopping Centre, Trident Retail Park and Halton General Hospital. Adjacent to the property is the Azelis UK Limited and the Runcorn Royal Mail Delivery Office. Other nearby occupiers include
Cineworld, Aldi and Trugym and McDonald’s.

Tenure

Freehold.

Location
Miles
10 miles west of Warrington, 15.5 miles south-east of Liverpool, 28 miles north-west of Manchester
Roads
A533, A558, M56 (Junction 12)
Rail
Runcorn Rail
Air
Liverpool John Lennon Airport (5 miles), Manchester Airport (19 miles), Blackpool International Airport (32 miles)
Situation

The property is situated on the western side of Crown Gate at its junction with East Lane just east of the A533 Central Expressway in Runcorn. Within close proximity of the property is the Runcorn Shopping Centre, Trident Retail Park and Halton General Hospital. Adjacent to the property is the Azelis UK Limited and the Runcorn Royal Mail Delivery Office. Other nearby occupiers include
Cineworld, Aldi and Trugym and McDonald’s.

Tenure

Freehold.

Description

The property comprises two self-contained, stand alone office buildings arranged over ground and first floors. The property benefits from on site parking for approximately 60 cars.

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 two self-contained, stand alone office buildings arranged over ground and first floors. The property benefits from on site parking for approximately 60 cars.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Building Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Alexander
House
Ground
First
Office
Office
443.43 sq m
450.88 sq m
(4,773 sq ft)
(4,853 sq ft)
AZELIS UK LIMITED (1) 5 years from
06/07/2015
£82,000
05/07/2020
Norton House Ground
First
Office
Office
451.20 sq m
451.90 sq m
(4,856 sq ft)
(4,864 sq ft)
SECRETARY OF STATE FOR COMMUNITIES AND LOCAL GOVERNMENT (t/a National Probation Service) 5 years from
November
2016 (2)
£67,375
November 2021
Total
1,794.41 sq m
(19,346 sq ft)
   
£149,375

(1) Azelis is a leading global speciality chemicals distributor. They provide a diverse range of products and innovative services to more than 25,000 customers (www.azelis.com 08/11/2016). For the year ending 31st December 2015, Azelis UK Limited reported a turnover of £56,164,000, pre-tax profits of £1,649,000 and a total net worth of £7,549,000. (Source: Experian Group 08/11/2016)
(2) The lease renewal is due to sign shortly. Secretary of State will benefit from a 3 month rent free period at the beginning of the 5 year lease. The seller has agreed to adjust the completion monies so that the unit will effectively produce £67,375 per annum from completion of the sale. The lease provides an option to determine on the third anniversary of the term, subject to 6 months’ notice.

Property Documents

  • Catalogue Page
    Updated Date
    16.11.16
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    16.11.16
    File Size
    63 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
Hamlins LLP Roxburghe House, 273-287 Regents Street
London
W1B 2AD
Joseph Holder 0207 355 6112jholder@hamlins.co.uk

Useful Links

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

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