NHS Property Services, Gibraltar House
Plot C Northallerton Business Park
Northallerton
North Yorkshire
DL6 2NA

Freehold Office Investment

  • Let to NHS Property Services Limited (1)
  • Comprising 7,664 sq ft of modern office accommodation
  • 7 miles to A1(M) and 6 miles to A19
  • On-site car parking for 35 cars
  • Located adjacent to Yorkshire County Council with Toyota, BT and Allerton Steel nearby
  • Lot
    40
  • Auction
    14/Feb/2019
  • Rent
    £88,348 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • NHS Property Services, Gibraltar House<br>Plot C Northallerton Business Park<br>Northallerton<br>North Yorkshire<br>DL6 2NA
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* More information on the term "price" can be found here

Property Information

Location
Miles
25 miles north of Harrogate, 31 miles north-west of York
Roads
A19, A167, A684, A1(M) (Junction 51)
Rail
Northallerton Railway Station
Air
Leeds Bradford Airport
Situation

Northallerton, the county town of North Yorkshire, is 25 miles north of Harrogate and lies between the North Yorkshire Moors and Yorkshire Dales. The property is located on the established Northallerton Business Park, which lies to the east of Darlington Road (A167) and is accessed via Thurston Road. The property benefits from good road communications, approximately 7 miles east of the A1(M) motorway and 6 miles west of the A19. Other nearby occupiers include Gale & Phillipson, Toyota, BT, British Red Cross, North Yorkshire Fire & Rescue HQ and Allerton Steel.

Tenure

Freehold.

Description

The property comprises a modern detached office building providing office accommodation over ground and first floors. The property benefits from dedicated on-site parking for approximately 35 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band 'C'. Please see legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
(Reversion)
GroundOffices/Ancillary356 sq m(3,832 sq ft)NHS PROPERTY
SERVICES LIMITED
(1)
5 years from
25/08/2016 (2)
£42,995(25/08/2021)
(2)
FirstOffices/Ancillary356 sq m(3,832 sq ft)NHS PROPERTY
SERVICES LIMITED
(1)
10 years from
25/08/2016 (3)
£45,35325/08/2021
Total
712 sq m
(7,664 sq ft)
  £88,348 

(1) For the year ending 31st March 2018, NHS Property Services Limited reported a turnover of £780,541,000, a pre-tax loss of £-31,048,000 and a total net worth of £3,674,454,000 (Source: Experian Group 14/01/2019). The property has been sublet to NHS Foundation Trusts .The NHS has been in occupation since March 2006.
(2) The lease provides a rolling tenant option to determine subject to nine months’ written notice.
(3) The lease provides for tenant options to determine on 25th August 2021 and 25th August 2023, both subject to six months’ written notice.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    544 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.19
    File Size
    648 KB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Endeavour Partnership Tobias House, St Marks Court, Teesdale Business Park
Teeside
TS17 6QW
Natalie Kay 01642 610 315n.kay@endeavour.law

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