Britannia House, Falcon Court
Preston Farm Business Park
Stockton on Tees
TS18 3TX

Multi-Let Office Investment

  • Multi-let office investment located within established estate
  • Tenants include BioConstruct and Integrated Electronic Security
  • Strong road connections via the A66, A19 and A1(M)
  • Asset management potential
  • Lot
    25
  • Auction
    26/Mar/2020
  • Rent
    £33,050 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Office
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • On Behalf of Administrators at Moorfields
  • Britannia House, Falcon Court<br>Preston Farm Business Park<br>Stockton on Tees<br>TS18 3TX
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  • Photos
  • Map

* More information on the term "price" can be found here

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 made up of 36 office pavillions and 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 and Northern Powergrid. Falcon Court also benefits from a crèche, dentist, Greggs, café and hairdresser.

Tenure

Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.

Description

The property comprises a purpose built, detached office building currently arranged to provide 4 office suites. The office accommodation benefits from category II lighting and 2.8m floor to ceiling height. The property benefits from the use of shared car parking with other buildings on the estate.

VAT

VAT is applicable to this lot.

EPC

Available at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x.Reversion
Ground
Office
133.13 sq m
(1,433 sq ft)
BIOCONSTRUCT
NEWENERGY LIMITED (1)
3 years from 01/09/2018£12,000 (2)31/08/2021
GroundOffice
101.91 sq m
(1,097 sq ft)
INTEGRATED
ELECTRONIC SECURITY
LIMITED (3)
5 years from 01/09/2008£13,250Holding Over
FirstOffice
133.13 sq m
(1,433 sq ft)
VACANT POSSESSION   
FirstOffice
101.91 sq m
(1,097 sq ft)
AZTEC CLOTHING
LIMITED
3 years from 01/03/2020
(4)
£7,80028/02/2023
Total
469.52 sq m
(5,060 sq ft)
  £33,050 

(1) BioConstruct was formed in Germany in 2000 to become a leader in the construction and operation of anaerobic digestion
(AD or biogas) plants (Source: www.b-ne.uk 26/02/2020).
(2) The rent payable by BioConstruct NewEnergy Limited is inclusive of service charge and insurance rent.
(3) IES Security have over 50 years' combined experience in providing high security solutions to many different business sectors
(Source: www.iessecurity.co.uk/ 26/02/2020).
(4) The lease provides a tenant option to determine on 01/03/2022, subject to 3 months' notice. After 01/03/2022, the tenant has a rolling option to determine subject to 1 month's notice. Aztec is also benefiting from a 3 month rent free period, which expires on 27th May. The vendor has agreed to adjust the completion monies so the unit will effectively produce £7,800 from the completion of the sale.

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    13.03.20
    File Size
    20 MB
    Login to View
  • Catalogue Page
    Updated Date
    04.03.20
    File Size
    736 KB
    View PDF
  • Site Plan
    Updated Date
    04.03.20
    File Size
    742 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Brecher LLP 4th Floor, 64 North Row, Mayfair
London
W1K 7DA
Ebru Mehmet 020 3696 5652emehmet@brecher.co.uk

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