Entirely let to Richmond Contracts Projects Limited
Forms part of the established Thornfield Business Park
Nearby occupiers include NFU, The Trading Standards Agency, JT Atkinson and Speed Clad
Parking rights for approximately 8 cars
Lot 60
Auction 7th December 2017
Rent £15,695 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of receivers Colliers International
Property Information
Location
Miles
37 miles south of Durham, 15 miles north of Leeds
Roads
B6271, A167, A1
Rail
Northallerton Rail
Air
Durham Tees Valley Airport, Leeds Bradford Airport
Situation
Thornfield Business Park is located within Standard Way Industrial Estate on the northern outskirts of the market town of Northallerton in North Yorkshire. The property occupies a prominent position within the Park fronting Standard Way, which links to the B6271. Nearby occupiers include NFU Mutual, JT Atkinson and Speed Clad.
Tenure
Long Leasehold. 150 years from completion of the sale at a peppercorn rent. Please refer to the legal pack and Special Conditions for more information.
Location
Miles
37 miles south of Durham, 15 miles north of Leeds
Roads
B6271, A167, A1
Rail
Northallerton Rail
Air
Durham Tees Valley Airport, Leeds Bradford Airport
Situation
Thornfield Business Park is located within Standard Way Industrial Estate on the northern outskirts of the market town of Northallerton in North Yorkshire. The property occupies a prominent position within the Park fronting Standard Way, which links to the B6271. Nearby occupiers include NFU Mutual, JT Atkinson and Speed Clad.
Tenure
Long Leasehold. 150 years from completion of the sale at a peppercorn rent. Please refer to the legal pack and Special Conditions for more information.
Description
The property comprises an office building with ground floor reception area and office accommodation on ground and first floors forming part of a larger office building. The accommodation benefits from car parking rights for approximately 8 cars.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an office building with ground floor reception area and office accommodation on ground and first floors forming part of a larger office building. The accommodation benefits from car parking rights for approximately 8 cars.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
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
Ground First
Office Office
63.70 sq m 75.10 sq m
(686 sq ft) (808 sq ft)
RICHMOND CONTRACTS PROJECTS LIMITED
5 years from 01/04/2016 on a full repairing and insuring lease
£15,695.40 (1)
31/03/2021
Totals
138.80 sq m
(1,494 sq ft)
£15,695.40
(1) The current rent is £11,033.40 p.a.x. increasing by £1,554 annually to £15,695.40 on 01/04/2020. The Seller has agreed to adjust the completion monies so that the unit effectively produced £15,696.40 p.a.x. from completion of the sale.
