Baystrait House Station Road Biggleswade Bedfordshire SG18 8AL

Baystrait House
Station Road
Biggleswade
Bedfordshire
SG18 8AL

Freehold Office Investment

  • Let to tenants including The Consultation Institute, Pentagon (UK) Limited and Bedfordshire Association of Town & Parish Council
  • Approximately 875.63 sq m (9,426 sq ft)
  • Prominent location adjacent to Biggleswade Railway Station
  • Future residential development potential (subject to leases and consents)
  • Rent £104,110 per annum exclusive rising to £105,610 p.a.x. in July 2016
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    19
  • Auction
    19th May 2016
  • Rent
    £104,110 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,300,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Office Investment

  • Let to tenants including The Consultation Institute, Pentagon (UK) Limited and Bedfordshire Association of Town & Parish Council
  • Approximately 875.63 sq m (9,426 sq ft)
  • Prominent location adjacent to Biggleswade Railway Station
  • Future residential development potential (subject to leases and consents)
  • Rent £104,110 per annum exclusive rising to £105,610 p.a.x. in July 2016
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 19
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £1,300,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles south-east of Bedford, 25 miles east of Milton Keynes, 47 miles north of Central London
Roads
A1(M), M1, M11
Rail
Biggleswade Railway Station
Air
Luton Airport
Situation

The property is ideally situated adjacent to Biggleswade Railway Station, on the eastern side of Station Road close to its junction with Saffron Road, some five minutes walk from the town centre. A public car park is located a short walk away. The town acts as an excellent business base with a journey time to London Kings Cross of between 35-45 minutes. Road communications are
provided by the A1(M).

Tenure

Freehold.

Location
Miles
12 miles south-east of Bedford, 25 miles east of Milton Keynes, 47 miles north of Central London
Roads
A1(M), M1, M11
Rail
Biggleswade Railway Station
Air
Luton Airport
Situation

The property is ideally situated adjacent to Biggleswade Railway Station, on the eastern side of Station Road close to its junction with Saffron Road, some five minutes walk from the town centre. A public car park is located a short walk away. The town acts as an excellent business base with a journey time to London Kings Cross of between 35-45 minutes. Road communications are
provided by the A1(M).

Tenure

Freehold.

Description

The property comprises a three-storey purpose built office block with a communal entrance hall and reception area. The property benefits from car parking for approximately 31 cars.

Six Week Completion

Most of the leases are outside the Security of Tenure provisions of the Landlord & Tenant Act 1954. Please note that the rents quoted below are net rents - full service charge information is provided in the legal pack.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises a three-storey purpose built office block with a communal entrance hall and reception area. The property benefits from car parking for approximately 31 cars.

Six Week Completion

Most of the leases are outside the Security of Tenure provisions of the Landlord & Tenant Act 1954. Please note that the rents quoted below are net rents - full service charge information is provided in the legal pack.

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 Unit No. Use Floor Areas (Approx) Tenant Terms Rent p.a.x   Review/(Reversion)
Ground 1 (including Five Car
Parking Spaces)
Office
222.97 sq m
(2,400 sq ft)
THE CONSULTATION
INSTITUTE
9 years from
07/08/2009
£26,000 (06/08/2018)
First 2 (including Two Car
Parking Spaces)
Office
83.43 sq m
(898 sq ft)
PENTAGON (UK)
LIMITED WITH
PERSONAL
GUARANTEES
5 years from
01/05/2012
£9,900 (30/04/2017)
First 3 (including Two Car
Parking Spaces)
Office
52.95 sq m
(570 sq ft)
NODE IT SOLUTIONS
LIMITED
5 years from
01/09/2011
£6,000 (31/08/2016)
First 4 (including Two Car
Parking Spaces)
Office
49.21 sq m
(530 sq ft)
NODE IT SOLUTIONS
LIMITED
5 years from
01/04/2014
£5,800 01/04/2017
(31/03/2019)
First 5 (including One Car
Parking Spaces)
Office
69.68 sq m
(750 sq ft)
PROVAL SERVICES
LIMITED
12 years from
17/07/2010(1)
£8,600 17/07/2019
(16/07/2022)
First 6 (including Two Car
Parking Spaces)
Office
35.30 sq m
(380 sq ft)
UNIFORM
MORTGAGES LIMITED
5 years from
01/07/2013
£4,500 (30/06/2018)
First 7 (including Two Car
Parking Spaces)
Office
39.48 sq m
(425 sq ft)
UNICORN TRAILS
LIMITED
3 years from
25/11/2013
£5,000 (24/11/2016)
Second 8 (including Four Car
Parking Spaces)
Office
83.61 sq m
(900 sq ft)
G.E. NORGAN LIMITED 5 years from
01/04/2016
£10,950 (31/03/2021)
Second 9 (including Two Car
Parking Spaces)
Office
83.61 sq m
(900 sq ft)
MANORCOURT CARE
LIMITED
5 years from
17/07/2014
£8,500 rising
to £10,000 in
July 2016
17/07/2016
17/07/2017
(16/07/2019)
Second 10 (including Four Car
Parking Spaces)
Office
123.84 sq m
(1,333 sq ft)
SAGECARE LIMITED 5 years from
01/04/2012
£13,500 (31/03/2017)
Second 11 (including One Car
Parking Space)
Office
36.23 sq m
(390 sq ft)
BEDFORDSHIRE
ASSOCIATION OF
TOWN AND PARISH
COUNCIL
6 years from
01/04/2016
£4,200 01/04/2019
(31/03/2022)
1 Car Parking
Space
        P. COUSINS   £360  
1 Car Parking
Space
        MANORCOURT CARE   £400  
1 Car Parking
Space
        CONSULTATION
INSTITUTE
  £400  
Totals    
875.63 sq m
(9,476 sq ft)
    £104,110  

(1) The tenant occupies the property under a lease for a term of 6 years from 17th July 2010 at a current rent reserved of £8,600 p.a.x. The parties have signed a reversionary lease for a term of 6 years from 17th July 2016 at a rent reserved of £8,600 p.a.x.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    48 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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Howard Kennedy LLP No. 1 London Bridge
London
SE1 9BG
Paul Springall 020 3755 5720paul.springall@howardkennedy.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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