Attractive detached office building with two residential flats
Approximately 454.72 sq m (4,894 sq ft)
Overlooking Greaves Park
On-site car parking
Asset management opportunities and future redevelopment potential (subject to consents)
Lot 94
Auction 18th October 2018
Rent £30,380 per Annum Exclusive
Status Sold
Price £320,000
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Joint Administrators at Moorfields
Property Information
Location
Miles
3 miles east of Morecambe, 20 miles south of Kendal, 25 miles north-east of Blackpool
53 miles north-west of Manchester
Roads
A683, A6, M6 (Junction 33)
Rail
Lancaster Rail Station
Air
Leeds Bradford, Manchester International
Situation
Lancaster is a historic and strategically important commercial centre located 25 miles north-east of Blackpool, 53 miles north-west of Manchester and 20 miles south of Kendal and the Lake District. The city is located within 2.5 miles of the M6 Motorway. The property is located approximately 0.5 miles to the south of the city centre in the centre of Greaves Park with access to Greaves Road (A6), which connects the city centre to the M6. A University of Cumbria campus is 600 metres to the east and Lancaster University is 2 miles to the south. The property is located within Greaves Park, close to the junction of Greaves Road and Ashton Road.
Tenure
Freehold.
Location
Miles
3 miles east of Morecambe, 20 miles south of Kendal, 25 miles north-east of Blackpool
53 miles north-west of Manchester
Roads
A683, A6, M6 (Junction 33)
Rail
Lancaster Rail Station
Air
Leeds Bradford, Manchester International
Situation
Lancaster is a historic and strategically important commercial centre located 25 miles north-east of Blackpool, 53 miles north-west of Manchester and 20 miles south of Kendal and the Lake District. The city is located within 2.5 miles of the M6 Motorway. The property is located approximately 0.5 miles to the south of the city centre in the centre of Greaves Park with access to Greaves Road (A6), which connects the city centre to the M6. A University of Cumbria campus is 600 metres to the east and Lancaster University is 2 miles to the south. The property is located within Greaves Park, close to the junction of Greaves Road and Ashton Road.
Tenure
Freehold.
Description
The property comprises a detached three storey office building with two residential flats. The property benefits from on-site car parking.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
EPC
C - Flats D
Description
The property comprises a detached three storey office building with two residential flats. The property benefits from on-site car parking.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
EPC
C - Flats D
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground (Part) First
Office Office
23.40 sq m 124.98 sq m
(252 sq ft) (1,345 sq ft)
HW COMMUNICATIONS LIMITED (1)
Term of years expiring 31/12/2019
£28,380
Basement (Part)
Office
38.64 sq m
(416 sq ft)
HW COMMUNICATIONS LIMITED (1)
Term of years expiring 31/12/2019 (2)
£2,000
Ground (Part) Basement (Part)
Office/Ancillary Office
108.55 sq m 29.15 sq m
(1,168 sq ft) (314 sq ft)
VACANT VACANT
Ground floor flat First floor flat
Residential Residential
55.00 sq m 75.00 sq m
(592 sq ft) (807 sq ft)
VACANT VACANT
Total
454.72 sq m
(4,894 sq ft)
£30,380
(1) HW Communications has been involved for over 20 years in technical consultancy and product development and has enjoyed continuous experience in more than 50 high profile government projects in various academic, commercial and military spheres. (Source: www.hwcomms.com) (2) Mutual option to determine upon six months’ notice.
