Centech Park is situated on Fringe Meadow Road and comprises a campus-style development of single storey offices on Moons Moat North Industrial Estate, the town’s principal business and industrial estate located 3 miles east of Redditch town centre. The estate benefits from excellent transport links being located off the A441, which provides access to the M42 Motorway to the north (approximately 5 minutes’ drive). Nearby occupiers include Capita, Aggora Group, SSE Audio Group and McDonald’s.
Tenure
Freehold.
Location
Miles
13 miles south of Birmingham, 19 miles west of Royal Leamington Spa, 20 miles north-east of Worcester
Centech Park is situated on Fringe Meadow Road and comprises a campus-style development of single storey offices on Moons Moat North Industrial Estate, the town’s principal business and industrial estate located 3 miles east of Redditch town centre. The estate benefits from excellent transport links being located off the A441, which provides access to the M42 Motorway to the north (approximately 5 minutes’ drive). Nearby occupiers include Capita, Aggora Group, SSE Audio Group and McDonald’s.
Tenure
Freehold.
Description
Centech Park comprises 11 self-contained single storey offices totalling 27,697 sq ft. The Freehold of Units 1 and 3-11 have been individually sold to parties who are responsible for paying an estate service charge to Centech Park Management Company Limited (the management company). The proposed sale of Unit 2 includes the retained areas of the Freehold estate, and a controlling interest in the management company. This interest allows for the charging of management fees for running the estate’s service charge.
Unit 2 comprises ground office accommodation benefitting from suspended ceilings, double glazing and central heating.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Centech Park comprises 11 self-contained single storey offices totalling 27,697 sq ft. The Freehold of Units 1 and 3-11 have been individually sold to parties who are responsible for paying an estate service charge to Centech Park Management Company Limited (the management company). The proposed sale of Unit 2 includes the retained areas of the Freehold estate, and a controlling interest in the management company. This interest allows for the charging of management fees for running the estate’s service charge.
Unit 2 comprises ground office accommodation benefitting from suspended ceilings, double glazing and central heating.
VAT
VAT is applicable to this lot.
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
Office/Ancillary
145.58 sq m
(1,567 sq ft)
CASH CONVERTERS (UK) LIMITED (1)
10 years from 30/04/2010
£12,615
29/04/2020
Total
145.58 sq m
(1,567 sq ft)
£12,615
(1) Cash Converters are the world’s largest retailer of second-hand goods with over 700 stores across 21 countries worldwide. In the UK alone, Cash Converters have more than 200 stores (www.cashconverters.co.uk).
Contacts
Seller's Solicitors
Reed Smith LLP The Broadgate Tower, 20 Primrose Street London EC2A 2RS
