Crown House
Newcastle Avenue
Worksop
S80 1NX

Freehold Office Investment and Vacant First Floor

  • Prominent corner town centre location
  • On-site car parking for 18 cars
  • Approximately 1,554.50 sq m (16,733 sq ft)
  • Close to Bus Station
  • Self-contained first floor
  • Lot
    33
  • Auction
    07/Dec/2017
  • Rent
    £85,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Crown House<br>Newcastle Avenue<br>Worksop<br>S80 1NX
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Property Information

Location
Miles
18 miles south east of Sheffield, 27 miles north of Nottingham
Roads
A57, A60, A1
Rail
Worksop Railway Station
Air
Doncaster Sheffield Airport, East Midlands Airport
Situation

The property is situated in the town centre, at the junction of Newcastle Avenue and Hardy Street. Hardy Street is 30 metres to the east of Bridge Street, the main retailing thoroughfare in Worksop. Occupiers close by include Barclays, HSBC, Boots, Sainsbury’s, Kwik Fit and Greggs amongst other retailers.

Tenure

Freehold.

Description

The property is arranged over ground and two upper floors to provide a three storey office. The property benefits from a lift and on-site car parking for 18 cars. The first floor benefits from a separate self-contained entrance from Hardy Street.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Bassetlaw District Council - www.bassetlaw.gov.uk

Completion Period

Six Week Completion

Bidder'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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
GroundOffice
518.80 sq m
(5,581 sq ft)
CHANGE, GROW,
LIVE (1)
8 years from 27th August
2014 on a full repairing
and insuring lease subject
to a schedule of condition
(2)
£45,0002018/(2022)
(2)
FirstOffice
505.50 sq m
(5,441 sq ft)
VACANT   
SecondOffice
530.50 sq m
(5,711 sq ft)
THE DERBYSHIRE,
LEICESTERSHIRE,
NOTTINGHAMSHIRE
AND RUTLAND
COMMUNITY
REHABILITATION
COMPANY LIMITED
(3)
Term of years from 8th
July 2016 expiring on 1st
April 2025 on a full
repairing and insuring
lease, subject to a capped
service charge (4)
£40,0002019, 2022
(2025) (4)
Totals
1,554.50 sq m
(16,733 sq ft)
  £85,000 

(1) For the year ended 31st March 2017 Change, Grow, Live reported no turnover, a pre-tax profit of £3.2m and a net worth of £23.8m (Source: Experian 7th October 2017). Change, Grow, Live is a charity that provides help and support to adults, children, young people and families (Source: www.changegrowlive.org).
(2) Tenants option to break 27th August 2018, upon not less than 6 months’ notice. Furthermore, the tenant can break the lease at anytime upon not less than 6 months’ notice, if its funding is withdrawn.
(3) “…is part of the Criminal Justice System, working with the police, courts, local authorities, prisons and the national probation service…employs almost 870 staff…” (Source: www.dlnrcrc.co.uk)
(4) Tenants option to break 1st April 2019 and 1st April 2022, upon not less than 6 months’ notice.

Property Documents

  • Site Plan
    Updated Date
    15.11.17
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    15.11.17
    File Size
    648 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
2nd Floor, Bridge Street Chambers, 72 Bridge Street
Manchester
M3 2RJ
Alvin Pinder 0161 220 1999alvin.pinder@hurstwoodholdings.com

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