Denchi House Thurso Business Park Thurso Caithness KW14 7XW

Denchi House
Thurso Business Park
Thurso
Caithness
KW14 7XW

Modern Heritable (Scottish Equivalent of English Freehold) Industrial Investment

Entirely let until 2020 (subject to option)
Located in the established Thurso Business Park with nearby occupiers including BT and Scottish Environmental Protection Agency
Approximate site area of 2.32 hectares (5.74 acres)
On-site car parking
Six week completion available

Lot
46
Auction
9th December 2010
Rent
£180,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Modern Heritable (Scottish Equivalent of English Freehold) Industrial Investment

Entirely let until 2020 (subject to option)
Located in the established Thurso Business Park with nearby occupiers including BT and Scottish Environmental Protection Agency
Approximate site area of 2.32 hectares (5.74 acres)
On-site car parking
Six week completion available

Lot 46
Auction 9th December 2010
Rent £180,000 per Annum Exclusive
Status Withdrawn Post
Price
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 Airport

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 BT and Scottish Environmental Protection Agency.

Tenure

Heritable. (Scottish Equivalent of English Freehold)

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 Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Description

The property comprises a modern and substantial purpose built GROUND FLOOR FACTORY AND PRODUCTION AREA with OFFICE AND STORAGE ACCOMMODATION on the first floor. The property also benefits from extensive ON-SITE PARKING and a large site area of approximately 2.32 hectares (5.74 acres).

VAT

VAT is applicable to this lot.

EPC

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

Description

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 First	Factory Production Area Offices Mezzanine Storage	3,614.77 sq m 198.42 sq m 310.40 sq m 260.87 sq m	(38,895 sq ft) (2,135 sq ft) (3,340 sq ft) (2,807 sq ft)	AGM BATTERIES LTD (1)(2)	20 years from 23/03/2000 until 22/03/2020 on full repairing and insuring terms (3)	£180,000	23/03/2015 and 5 yearly thereafter
Totals		4,384.46 sq m	(47,177 sq ft)			£180,000

(1) AGM Batteries Ltd is the only mass production Lithium-ion cell manufacturer in the UK. They remain at the forefront of battery technology and continue to expand and develop their range of Lithium-ion products. (Source: www.agmbatteries.com 04/11/2010)(2) Please note that part of the property is subleased to ABSL Power Solutions Limited.(3) Please note that there is an option to purchase in favour of the tenant at any time during the lease, on serving notice on the Landlord specifying the date on which they wish to exercise the option, such date to be 28th February, 28th May, 28th August or 28th November and be within six months from the date of notice. Please refer to the legal pack for more details.