Approximately 1,806.53 sq m (19,446 sq ft) of Modern Office Space
Within close proximity of Leicester Cathedral, Highcross Shopping Centre, The Shires Shopping Centre and St Martins Square Shopping Centre
On-Site Car Parking for Approximately 18 cars
Six Week Completion Available
Lot 42
Auction 18th October 2012
Rent £187,350 per Annum Exclusive
Status Sold
Price £1,020,000
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
27 miles south of Nottingham,45 miles east of Birmingham
Roads
A47, A594, M1 (Junction 21), M69 (Junction 3)
Rail
Leicester Rail station (1 hr 7 mins to London St Pancras)
Air
East Midlands Airport, Birmingham International Airport
Situation
The property is situated in the city centre opposite Leicester Cathedral, in a prominent corner location on the northern side of Guildhall Lane, at its junction with Coronation Place. The property is within walking distance of High Cross Shopping centre, The Shires Shopping Centre and St Martins Square Shopping Centre, with nearby occupiers including O Neill’s, The Guildhall and BBC Radio Leicester.
Tenure
Freehold.
Location
Miles
27 miles south of Nottingham,45 miles east of Birmingham
Roads
A47, A594, M1 (Junction 21), M69 (Junction 3)
Rail
Leicester Rail station (1 hr 7 mins to London St Pancras)
Air
East Midlands Airport, Birmingham International Airport
Situation
The property is situated in the city centre opposite Leicester Cathedral, in a prominent corner location on the northern side of Guildhall Lane, at its junction with Coronation Place. The property is within walking distance of High Cross Shopping centre, The Shires Shopping Centre and St Martins Square Shopping Centre, with nearby occupiers including O Neill’s, The Guildhall and BBC Radio Leicester.
Tenure
Freehold.
Description
The property comprises office accommodation over ground, first and second floors, with additional basement storage accommodation. The property benefits from a ground floor reception, open plan accommodation, recessed perimeter trunking, an 8-person passenger lift and 18 on-site car parking spaces, 16 of which are contained within the secure site.
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 office accommodation over ground, first and second floors, with additional basement storage accommodation. The property benefits from a ground floor reception, open plan accommodation, recessed perimeter trunking, an 8-person passenger lift and 18 on-site car parking spaces, 16 of which are contained within the secure site.
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)
Tenant
Term
Rent p.a.x
Reversion
Basement Ground First Second
Storage Office, Storage and Ancillary Office and Storage Office, Storage and Ancillary
25 years from 25/12/1990 on a full repairing and insuring lease
£187,350
25/12/2015
Totals
1,806.6 sq m
(19,446 sq ft)
£187,350
(1) HSBC Vehicle Finance (UK) Limited are a subsidiary of HSBC Holdings plc. For the year ending 31st December 2010, HSBC Vehicle Finance (UK) Limited reported a turnover of £300,000, pre-tax profits of £300,000 and a total net worth of £7,007,000. (Source: www.riskdisk.com 11/09/2o12) (2) The property has been sub-let to Midlands Academy of Business and Technology Limited, an independent educational establishment for students whose first language is not English. (Source: www.midlandsacademy.com 11/09/2012)
