Units 2 & 3 Blenheim Court Peppercorn Close Peterborough Cambridgeshire PE1 2DU

Units 2 & 3 Blenheim Court
Peppercorn Close
Peterborough
Cambridgeshire
PE1 2DU

Freehold Office Investment

  • Entirely let to Rupen Estates Limited until January 2036 (subject to options)
  • Approximately 663.30 sq m (7,140 sq ft) with car parking
  • Nearby occupiers include Secretary of State for the Environment, Axiom Housing Association and Barhale Construction Plc
  • Attractive and affluent Cathedral City
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    68
  • Auction
    13th October 2016
  • Rent
    £42,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £440,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Office Investment

  • Entirely let to Rupen Estates Limited until January 2036 (subject to options)
  • Approximately 663.30 sq m (7,140 sq ft) with car parking
  • Nearby occupiers include Secretary of State for the Environment, Axiom Housing Association and Barhale Construction Plc
  • Attractive and affluent Cathedral City
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 68
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £440,000
  • 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
35 miles north-west of Cambridge, 41 miles north-east of Northampton
Roads
A15, A47, A1(M)
Rail
Peterborough Railway Station
Air
Birmingham International Airport, Luton Airport
Situation

The property is situated on Peppercorn Close, off Bourges Boulevard (A15) just north of its junction with Maskew Avenue, approximately one mile north-west of Peterborough City Centre, in an established industrial and office area. Nearby occupiers include Axiom Housing Association, Secretary of State for the Environment and Barhale Construction Plc. Maskew Retail Park and Boulevard Retail Park are located on nearby Maskew Avenue with occupiers including Argos, Matalan, B&Q and Halfords.

Tenure

Freehold.

Location
Miles
35 miles north-west of Cambridge, 41 miles north-east of Northampton
Roads
A15, A47, A1(M)
Rail
Peterborough Railway Station
Air
Birmingham International Airport, Luton Airport
Situation

The property is situated on Peppercorn Close, off Bourges Boulevard (A15) just north of its junction with Maskew Avenue, approximately one mile north-west of Peterborough City Centre, in an established industrial and office area. Nearby occupiers include Axiom Housing Association, Secretary of State for the Environment and Barhale Construction Plc. Maskew Retail Park and Boulevard Retail Park are located on nearby Maskew Avenue with occupiers including Argos, Matalan, B&Q and Halfords.

Tenure

Freehold.

Description

The property comprises two self-contained office buildings arranged on the ground and first floors with the benefit of on-site parking. Blenheim Court comprises a development of 13 office buildings with a total of 70 car parking spaces.

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 office buildings arranged on the ground and first floors with the benefit of on-site parking. Blenheim Court comprises a development of 13 office buildings with a total of 70 car parking spaces.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
2

3
Ground
First
Ground
First
Offices
Offices
Offices
Offices
157.00 sq m
157.93 sq m
168.61 sq m
179.76 sq m
(1,690 sq ft)
(1,700 sq ft)
(1,815 sq ft)
(1,935 sq ft)
RUPEN
ESTATES
LIMITED
25 years from 01/02/2011
until 31/01/2036 (1) on a full repairing and insuring lease
£42,500 (2) 01/02/2022 and
five yearly
Totals    
663.30 sq m
(7,140 sq ft)
    £42,500 (2)  

(1) The lease is subject to a tenant options to determine on 31/01/2021, 31/01/2026 and 31/01/2031.
(2) The current contractual rent is £34,000 per annum until 31/01/2017 with a fixed rental increase to £37,500 per annum on 01/02/2017 rising to £40,000 per annum on 01/02/2018 and £42,500 per annum on 01/02/2020. The seller has agreed to adjust the completion monies so that the property effectively produces £42,500 per annum from completion of the sale.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    51 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    751 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
Irwin Mitchell LLP 40 Holborn Viaduct, London, EC1N 2PZ
Polly Hooper +44 (0)207 650 3918.polly.hooper@irwinmitchell.com

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now