Modern Heritable (Scottish Equivalent of English Freehold) Call Centre/Office Investment
Entirely let to British Telecommunications plc until 2020 (subject to option)
Approximate site area of 0.47 hectares (1.16 acres
On-site car parking)
Located in the established Thurso Business Park with nearby occupiers including Scottish Environmental Protection Agency and AGM Batteries
Six week completion available
Lot 23
Auction 9th December 2010
Rent £72,000 per Annum Exclusive
Status Sold
Price £500,000
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
1.6 miles west of Thurso town centre
22 miles north-west of Wick
Roads
A9, A836
Rail
Thurso Railway Station
Air
Inverness and Wick Airports
Situation
The property is prominently situated in the established Thurso Business Park, Thurso's principal business location, which lies on the north-western boundary of Thurso, some 1.6 miles west of the town centre. Thurso Railway Station lies some 1.8 miles south-east of the property providing direct access to Inverness. Nearby occupiers include Scottish Environmental Protection Agency and AGM Batteries.
Tenure
Heritable.
Location
1.6 miles west of Thurso town centre
22 miles north-west of Wick
Roads
A9, A836
Rail
Thurso Railway Station
Air
Inverness and Wick Airports
Situation
The property is prominently situated in the established Thurso Business Park, Thurso's principal business location, which lies on the north-western boundary of Thurso, some 1.6 miles west of the town centre. Thurso Railway Station lies some 1.8 miles south-east of the property providing direct access to Inverness. Nearby occupiers include Scottish Environmental Protection Agency and AGM Batteries.
Tenure
Heritable.
Description
The property comprises a purpose built single storey semi-detached CALL CENTRE building benefiting from ON-SITE CAR PARKING and a site area of approximately 0.47 hectares (1.16 acres).
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 purpose built single storey semi-detached CALL CENTRE building benefiting from ON-SITE CAR PARKING and a site area of approximately 0.47 hectares (1.16 acres).
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
Reviews
Ground
Call Centre/Offices
891.86 sq m
(9,600 sq ft)
BRITISH TELECOMMUNICATIONS PLC (1)
13 years and 4 months from 01/12/2006 until 31/03/2020 on a full repairing and insuring lease (2)
£72,000
01/04/2015 and 5 yearly thereafter
Totals
891.86 sq m
(9,600 sq ft)
£72,000
(1) For the year ending 31st March 2010, British Telecommunications Public Limited Company reported a turnover of £20,859,000,000, pre-tax profits of £1,303,000,000 and a total net worth of £12,129,000,000. (Source: www.riskdisk.com 05/11/2010)(2) Please note that the lease provides for a tenant’s option to determine the lease with effect from 31st March 2015 subject to six months’ written notice.
