Majority let on a new five year lease comprising 2,525 sq m (27,187 sq ft) of office/educational accomodation
Close proximity to Preston City Centre
Nearby office occupiers include Job Centre Plus, Government Departments and Littlewoods Call Centre
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 117
Auction 13th October 2016
Rent £125,180 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
16 miles east of Blackpool, 30 miles north west of Manchester, 31 miles north east of Liverpool
Roads
A6, A59, M6 (Junction 31)
Rail
Preston Rail
Air
Manchester International Airport
Situation
London House is located just 1 mile south east of Preston City Centre in a predominantly office and industrial area. The property occupies a prominent pitch on Primrose Hill just off the A6 (London Road) close to its junction with the A59, providing direct access to the M6 (Junction 31). Nearby office occupiers include Job Centre Plus, Government Offices and Littlewoods Call Centre.
Tenure
Long Leasehold. Held from Preston City Council for a term of 99 years from 01/02/1973 until 31/01/2072 at a rent of £11,500 pa. There are ongoing discussions with Preston City Council with regard to a new lease. Please refer to the legal pack.
Location
Miles
16 miles east of Blackpool, 30 miles north west of Manchester, 31 miles north east of Liverpool
Roads
A6, A59, M6 (Junction 31)
Rail
Preston Rail
Air
Manchester International Airport
Situation
London House is located just 1 mile south east of Preston City Centre in a predominantly office and industrial area. The property occupies a prominent pitch on Primrose Hill just off the A6 (London Road) close to its junction with the A59, providing direct access to the M6 (Junction 31). Nearby office occupiers include Job Centre Plus, Government Offices and Littlewoods Call Centre.
Tenure
Long Leasehold. Held from Preston City Council for a term of 99 years from 01/02/1973 until 31/01/2072 at a rent of £11,500 pa. There are ongoing discussions with Preston City Council with regard to a new lease. Please refer to the legal pack.
Description
The property comprises a five storey office building with onsite parking for approximately 50 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 a five storey office building with onsite parking for approximately 50 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Approximately 18 years and 4 months from 18/05/1998
£4,180
18/05/2013 (28/09/2016)
Roof Mast
-
EE LIMITED
20 years from 23/10/2002
£11,000
(22/10/2022)
Land
-
TRILLIUM (PRIME) PROPERTY GP LIMITED
99 years (less 3 days) from 01/02/1973
-
(28/01/2072)
Total
2,525.76 sq m
(27,177 sq ft)
£125,180
(1) Tauheedul Education Trust (TET) is one of the UK’s leading educational providers. London House is to be used as The Olive School which will provide a 420 place primary school. (Source: tetrust.org 19/09/2016) (2) The lease provides a tenant only option to determine at the end of the second, third and fourth years of the term.
