Unit 10 Viking House, Falcon Court Preston Farm Business Park Stockton-on-Tees County Durham TS18 3TG

  • Unit 10 Viking House, Falcon Court<br>Preston Farm Business Park<br>Stockton-on-Tees<br>County Durham<br>TS18 3TG

Unit 10 Viking House, Falcon Court
Preston Farm Business Park
Stockton-on-Tees
County Durham
TS18 3TG

Modern Office Investment

  • Modern office building on established industrial park
  • Let to Milner Smeaton Ltd on new lease and Marsh Corporate Services Ltd
  • Occupiers within the business park include The NHS, AES Seal Plc and Home Group Limited
  • Lot
    40
  • Auction
    23rd May 2019
  • Rent
    £43,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Office
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Administrators

Important Update
  • Expand
  • Photos
  • Map

Modern Office Investment

  • Modern office building on established industrial park
  • Let to Milner Smeaton Ltd on new lease and Marsh Corporate Services Ltd
  • Occupiers within the business park include The NHS, AES Seal Plc and Home Group Limited
  • Lot 40
  • Auction 23rd May 2019
  • Rent £43,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Office
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Administrators

Property Information

Location
Miles
13 miles north-west of Darlington
24 miles south-east of Durham
35 miles south of Newcastle upon Tyne
Roads
A66, A19 and A1(M)
Rail
Stockton Rail
Air
Durham Tees Valley International Airport
Situation

Falcon Court is located on the established and popular Preston Farm Business Park, just two miles south of Stockton-on-Tees town centre. The business park benefits from strong road connections via the A135, A66 and A1(M). Occupiers within the business park include The NHS, AES Seal Plc, Home Group Limited and Northern Powergrid. Falcon Court also benefits from a creche and dentist.

Tenure

Virtual Freehold. Disposal to be by way of the grant of a new lease for a term of 999 years from completion at a peppercorn rent which shall include rights to parking.

Location
Miles
13 miles north-west of Darlington
24 miles south-east of Durham
35 miles south of Newcastle upon Tyne
Roads
A66, A19 and A1(M)
Rail
Stockton Rail
Air
Durham Tees Valley International Airport
Situation

Falcon Court is located on the established and popular Preston Farm Business Park, just two miles south of Stockton-on-Tees town centre. The business park benefits from strong road connections via the A135, A66 and A1(M). Occupiers within the business park include The NHS, AES Seal Plc, Home Group Limited and Northern Powergrid. Falcon Court also benefits from a creche and dentist.

Tenure

Virtual Freehold. Disposal to be by way of the grant of a new lease for a term of 999 years from completion at a peppercorn rent which shall include rights to parking.

Description

The property comprises a detached two storey building providing office accommodation over ground and first floors. The property benefits from rights to 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

Band C. See legal pack at www.acuitus.co.uk

Description

The property comprises a detached two storey building providing office accommodation over ground and first floors. The property benefits from rights to 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

Band C. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Part Ground Office 135.23 sq m (1,456 sq ft) MILNER
SMEATON LTD
(1)
5 year lease from
01/05/2019
£11,250 30/04/2024
Part Ground
and First
Office
341.31 sq m
(3,674 sq ft)
MARSH
CORPORATE
SERVICES LTD
(2)
5 years from
01/04/2017 (3)
£31,750 01/04/2022
Total
476.54 sq m
(5,130 sq ft)
    £43,000  

(1) Milner Smeaton Ltd provides accountancy and taxation services throughout the North East
(Source: www.milner-smeaton.co.uk 24/04/2019).
(2) For the year ending 31st December 2017, Marsh Corporate Services Ltd reported a turnover of £231,000,000, pre-tax profits of £3,300,000 and a total net worth of £59,700,000 (Source: Experian Group 24/04/2019).
(3) The lease to Marsh Corporate Services Ltd provides a tenant option to determine on 1st April 2020, subject to 6 months' written notice.

Property Documents

  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    559 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.19
    File Size
    961 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Brecher LLP 4th Floor, 64 North Row, Mayfair
London
W1K 7DA
Ebru Mehmet 020 3696 5652emehmet@brecher.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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