Drake House
Gadbrook Park
Northwich
Cheshire
CW9 7RA

Virtual Freehold Office Investment

  • Let to Whittingham Riddell LLP (t/a WR Partners)-an established firm of Chartered Accountants
  • 10 year lease expiring September 2030 (subject to option)
  • 951.08 sq m (10,236 sq ft) on ground and first floors
  • Located in one of west Cheshire's most successful & established Business Parks
  • Other occupiers on the Park include Barclays Wealth and Investment Management, Nationwide Accident Repairs & OTB Engineering.
  • Lot
    18
  • Auction
    13/Dec/2021
  • Rent
    £138,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,425,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • Drake House, Gadbrook Park, Northwich, Cheshire, CW9 7RA
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
21 miles south-west of Manchester
27 miles south-east of Liverpool
Roads
A556, A54, M6
Rail
Northwich
Air
Manchester Airport (15 miles)
Situation

Northwich lies approximately 13 miles north of Crewe and 22 miles south-west of Manchester within the heart of Cheshire. Northwich benefits from excellent road communication links being close to the A556 and A49 arterial routes and within 6 miles of J10 of the M56 motorway. Gadbrook Park is located in a strategic location next to the A556 dual carriageway, on the outskirts of Northwich, connecting to the M6 (J19) in less than 5 minutes. Nearby occupiers include Barclays Wealth and Investment Management, Nationwide Accident Repairs & OTB Engineering.

Tenure

Long Leasehold. 999 years from 25/03/2006 at a ground rent of £1,700 pa. The lease is subject to a rent review on 25/03/2026 and five yearly thereafter.

Description

The property comprises a two storey building arranged as an office on both ground and first floors. The ground floor comprises a reception, meeting rooms, offices and kitchen/dining facilities. The first floor comprises further offices & meeting rooms. The property benefits from an 8 person passenger lift. The tenant has exclusive rights to use 50 car parking spaces.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion.

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
Ground
First
Office/Ancillary
Office/Ancillary
472.03 sq m
479.05 sq m
(5,080 sq ft)
(5,156 sq ft)
WHITTINGHAM
RIDDELL LLP t/a
WR Partners (1)
10 years from
02/09/2020 until
01/09/2030 (2) on a full
repairing & insuring
lease (3)
£138,00002/09/2025
Total
951.08 sq m
(10,236 sq ft)
  £138,000 

(1) Whittingham Riddell LLP (t/a WR Partners) are an established firm of Accountants, Business Advisers & Tax Specialists who employ over 230 people in offices including Ludlow, Nantwich, Newtown, Northwich, Shrewsbury and Wrexham (www.wrpartners.co.uk). Established for over 120 years, WR Partners acquired Howard Worth Chartered Accountants in September 2020 further growing their business.
(2) The lease is subject to a tenant option to determine on 02/09/2025.
(3) The lease is full repairing & insuring, subject to a photographic Schedule of Condition.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.12.21
    File Size
    17 MB
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  • Catalogue Page
    Updated Date
    23.11.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    23.11.21
    File Size
    735 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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Associate Auctioneers
Develop Liverpool
Fiona Barnet 07983 525 093fiona@developliverpool.co.uk
Seller's Solicitors
Napthens Solicitors 42 Hoghton St
Southport
PR9 0PQ
Tony Coates 01704 333132Tony.Coates@napthens.co.uk

Useful Links

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