Telford Plaza Ironmasters Way Telford Shropshire TF3 4NT

Telford Plaza
Ironmasters Way
Telford
Shropshire
TF3 4NT

Substantial Modern Office Investment

  • Two office buildings totalling 163,685 sq ft
  • Tenants including CapGemini UK plc and Caffe Kix Limited
  • Moments from Junction 5 M54 leading to the A5 west and the M6 east
  • On-site parking for 630 cars
  • Rent £731,015 p.a.x. (gross)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    25
  • Auction
    26th March 2015
  • Rent
    £731,015 per Annum Exclusive
  • Status
    Sold
  • Price
    £3,000,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Helix Property Advisors
  • Expand
  • Photos
  • Map

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

Substantial Modern Office Investment

  • Two office buildings totalling 163,685 sq ft
  • Tenants including CapGemini UK plc and Caffe Kix Limited
  • Moments from Junction 5 M54 leading to the A5 west and the M6 east
  • On-site parking for 630 cars
  • Rent £731,015 p.a.x. (gross)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 25
  • Auction 26th March 2015
  • Rent
  • Status Sold
  • Price £3,000,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Helix Property Advisors

Property Information

Location
Miles
15 miles east of Shrewsbury, 15 miles north-west of Wolverhampton, 35 miles north-west of Birmingham
Roads
M54 (Junction 5), A5, A442
Rail
Telford Central Rail (30 mins to Birmingham New Street)
Air
Birmingham Airport
Situation

The property comprises two detached office buildings occupying a large site immediately north of the town centre, adjacent to the M54 motorway and within a short walk of Telford Rail Station. Telford Shopping Centre lies directly opposite the property with other nearby occupiers including Odeon, Park Inn
Hotel and Ramada Hotel.

Tenure

Virtual Freehold. Held from The Royal Bank of Canada Trust Corporation Limited (The Trustee of the Laser Richmount (Telford) Trust 1991/1992) for a term of 999 years from 15th September 2006 at a rent of £10,000 p.a. decreasing to £500 p.a. from 9th January 2027.

Location
Miles
15 miles east of Shrewsbury, 15 miles north-west of Wolverhampton, 35 miles north-west of Birmingham
Roads
M54 (Junction 5), A5, A442
Rail
Telford Central Rail (30 mins to Birmingham New Street)
Air
Birmingham Airport
Situation

The property comprises two detached office buildings occupying a large site immediately north of the town centre, adjacent to the M54 motorway and within a short walk of Telford Rail Station. Telford Shopping Centre lies directly opposite the property with other nearby occupiers including Odeon, Park Inn
Hotel and Ramada Hotel.

Tenure

Virtual Freehold. Held from The Royal Bank of Canada Trust Corporation Limited (The Trustee of the Laser Richmount (Telford) Trust 1991/1992) for a term of 999 years from 15th September 2006 at a rent of £10,000 p.a. decreasing to £500 p.a. from 9th January 2027.

Description

The property comprises two highly prominent office buildings, 12 storey Plaza 1
and 7 storey Plaza 2. Both buildings benefit from comfort cooling, raised floors,
suspended ceilings, passenger lifts and double height reception areas. The property also benefits from sole use of 630 car parking spaces and an approximate site area of 4.275 acres.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 highly prominent office buildings, 12 storey Plaza 1
and 7 storey Plaza 2. Both buildings benefit from comfort cooling, raised floors,
suspended ceilings, passenger lifts and double height reception areas. The property also benefits from sole use of 630 car parking spaces and an approximate site area of 4.275 acres.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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. Reversion
Plaza 1 Basement Office
72.74 sq m
(783 sq ft)
VACANT POSSESSION      
Ground Car Parking – 51 spaces
CAPGEMINI UK PLC (1) Monthly Licence (2) £18,360 (2)
Ground
First
Second
Third- Front
Office
Office
Office
Office
712.74 sq m
718.23 sq m
718.23 sq m
367.61 sq m
(7,672 sq ft)
(7,731 sq ft)
(7,731 sq ft)
(3,957 sq ft)
CAPGEMINI UK PLC (1) Approx 3 years from 24/06/2014 on
four separate leases (3)
£200,835 30/06/2017
Third - Rear Office
387.68 sq m
(4,173 sq ft)
VACANT POSSESSION      
Fourth Office
779.45 sq m
(8,390 sq ft)
VACANT POSSESSION      
Fifth Office
779.45 sq m
(8,390 sq ft)
CAPGEMINI UK PLC (1) Approx 3 years from 24/06/2014 (3) £63,360 30/06/2017
Sixth Office
775.73 sq m
(8,350 sq ft)
VACANT POSSESSION      
Seventh Office
779.45 sq m
(8,390 sq ft)
CAPGEMINI UK PLC (1) Approx 3 years from 24/03/2014 (3) £63,360 30/06/2017
Eighth Office
779.45 sq m
(8,390 sq ft)
VACANT POSSESSION      
Ninth Office
777.59 sq m
(8,370 sq ft)
VACANT POSSESSION      
Tenth Office
777.59 sq m
(8,370 sq ft)
VACANT POSSESSION      
Plaza 2 Lower Ground Office
172.23 sq m
(1,854 sq ft)
CAFFE KIX LIMITED 10 years from 19/08/2011 (4) Turnover Rent 18/08/2021
Ground, Part First & Third Office
2,841.60 sq m
(30,587 sq ft)
CAPGEMINI UK PLC (1) Approx 20 years from 09/08/2001
(5)
£385,100 08/09/2021
Part First Office
407.66 sq m
(4,388 sq ft)
VACANT POSSESSION      
Second Office
1,119.76 sq m
(12,053 sq ft)
VACANT POSSESSION      
Fourth Office
1,119.76 sq m
(12,053 sq ft)
VACANT POSSESSION      
Fifth Office
1,119.76 sq m
(12,053 sq ft)
VACANT POSSESSION      
Totals    
15,206.71 sq m
(163,685 sq ft)
    £731,015  

(1) With almost 145,000 employees in over 40 countries, CapGemini is one of the world’s foremost providers of consulting, technology and outsourcing services. The Group reported 2014 global revenues of EUR 10.573 billion. (Source: www.uk.capgemini.com 23/02/2015)
(2) The car parking licence to CapGemini UK plc is at a rent of £360 per car parking space per annum and provides a mutual rolling option to determine subject toone month’s notice.
(3) Please note that all the Plaza 1 leases to CapGemini UK plc include car parking spaces. The rents stated are personal concessionary rents and not those documented in the leases. As per the leases, the tenant benefits from an option to renew the leases for the period 1st July 2017 until 30th June 2018 subject to options to determine on 30th September 2017, 31st December 2017 and 30th April 2018. Please see legal pack for further details.
(4) The lease to Caffe Kix Limited provides mutual options to determine on the fifth and seventh anniversary of the lease.
(5) As to the lease of the ground, part first and third floor of Plaza 2 to CapGemini UK plc, the lease provides a tenant option to determine on the fifteenth anniversary. The rent stated is a personal concessionary rent and not as documented in the lease. A 2011 rent review is still outstanding.

Property Documents

  • Catalogue Page
    Updated Date
    04.03.15
    File Size
    1 MB
    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
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Hilmi + Partners LLP 2 Conduit Street
London
W1S 2XB
Daniel Bolstad 0207 659 0342db@hilmipartners.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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