New 10 year lease from September 2013 (subject to option)
Nearby occupiers include SP Systems, NEG Micon and St Mary’s Hospital
Modern office building located on a well established business park
Lot 45
Auction 9th July 2014
Rent £88,627 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
5 miles south of Cowes, 10 miles east of Yarmouth
Roads
A3054, A3020
Situation
The Apex Centre is situated in the heart of St. Cross Business Park, the Isle of Wight’s central commercial trading estate and Newport’s administrative capital. St. Cross Business Park is accessed from the roundabout just north of Newport on the main road to Cowes. Occupiers within the estate include Gurit, Vestas, IOWCC and Glannilles Solicitors.
Tenure
Freehold.
Location
Miles
5 miles south of Cowes, 10 miles east of Yarmouth
Roads
A3054, A3020
Situation
The Apex Centre is situated in the heart of St. Cross Business Park, the Isle of Wight’s central commercial trading estate and Newport’s administrative capital. St. Cross Business Park is accessed from the roundabout just north of Newport on the main road to Cowes. Occupiers within the estate include Gurit, Vestas, IOWCC and Glannilles Solicitors.
Tenure
Freehold.
Description
The property comprises a modern office building arranged on the ground and first floors. The property benefits from open plan office accommodation, air conditioning and a passenger lift. The property benefits from rights to use 38 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 a modern office building arranged on the ground and first floors. The property benefits from open plan office accommodation, air conditioning and a passenger lift. The property benefits from rights to use 38 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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground/First
Offices
731.87 sq m
(7,878 sq ft)
NHS PROPERTY SERVICES LIMITED (1)
10 years from 06/09/2013 until 05/09/2023 (2)
£88,627.50
06/09/2018
Totals
731.87 sq m
(7,878 sq ft)
£88,627.50
(1) The property has been sublet to NHS Isle of Wight Clinical Commissioning Group. (2)Please note that the lease is subject to a tenant’s option to determine the lease in September 2021.
