Let to Konecranes Demag UK until June 2027 (no breaks)
Two storey office building of approx. 476.53 sq m (5,129 sq ft)
Parking for approx. 25 vehicles
Prominent business location
Adjacent to junction of A42, A511 and A512
Nearby occupiers include M&S Foodhall, Aldi, Wickes, B&M, Pets at Home, Starbucks, KFC and Greggs
Lot 21
Auction 15th May 2025
Rent £81,000 per Annum Exclusive
Status Sold
Price £635,000
Sector Office
Auction Venue Live Streamed Auction
On Behalf of a Cambridge College
Property Information
Location
Miles
15 miles north west of Leicester, 18 miles south west of Nottingham, 25 miles north east of Birmingham
Roads
M1, A511, A42, A512
Rail
Burton-on-Trent Railway Station, Leicester Railway Station
Air
Birmingham Airport
Situation
The property is situated at the junction of Charterpoint Way and Coalfield Way in a popular office location. The property is well positioned close to the junctions of the A42, A511 and A512. Nearby occupiers include M&S Foodhall, Aldi, Wickes, B&M, Pets at Home, Starbucks, KFC and Greggs
Tenure
Virtual Freehold. Held for a term of 999 years from April 2006 at a peppercorn ground rent. The property is subject to an estate service charge. Details are provided within the legal pack.
Location
Miles
15 miles north west of Leicester, 18 miles south west of Nottingham, 25 miles north east of Birmingham
Roads
M1, A511, A42, A512
Rail
Burton-on-Trent Railway Station, Leicester Railway Station
Air
Birmingham Airport
Situation
The property is situated at the junction of Charterpoint Way and Coalfield Way in a popular office location. The property is well positioned close to the junctions of the A42, A511 and A512. Nearby occupiers include M&S Foodhall, Aldi, Wickes, B&M, Pets at Home, Starbucks, KFC and Greggs
Tenure
Virtual Freehold. Held for a term of 999 years from April 2006 at a peppercorn ground rent. The property is subject to an estate service charge. Details are provided within the legal pack.
Description
The property comprises a detached two storey office building of approximately 476.53 sq m (5,129 sq ft) with associated parking for approximately 25 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a detached two storey office building of approximately 476.53 sq m (5,129 sq ft) with associated parking for approximately 25 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground First
Office Office
231.83 244.70
(2,495) (2,633)
KONECRANES DEMAG UK LIMITED (2)
10 years from 24/06/2017
£81,000
Total
476.53
(5,129)
£81,000
(1) The floor areas stated above are those published by Valuation Office Agency (www.voa.gov.uk) (2) Konecranes is a world-leading group of Lifting Businesses, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals with the subject property serving as its UK headquarters (www.konecranes.com). For the year ending 31/12/2023 Konecranes Demag UK Limited reported Turnover of £87,539,000, a Pre-Tax Profit of £11,951,000 and a Net Worth of £26,008,000 (NorthRow 04/03/2025).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
