Centrix House 5 Oxford Road Newbury Berkshire RG14 1PD

Centrix House
5 Oxford Road
Newbury
Berkshire
RG14 1PD

Freehold Office Investment

Prominent headquarters building entirely let to Centrix Networking Ltd
Approximately 955.26 sqm (10,283 sq ft) with excellent parking
Prominent position close to the A4 and A339 leading to the M4 (Junction 13)
Adjacent to Waitrose Supermarket and within walking distance of the town centre
Six Week Completion Period Available

Lot
27
Auction
14th February 2013
Rent
£115,685 per Annum Exclusive
Status
Sold
Price
£810,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Joint Administrators at Moorfields Corporate Recovery

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Freehold Office Investment

Prominent headquarters building entirely let to Centrix Networking Ltd
Approximately 955.26 sqm (10,283 sq ft) with excellent parking
Prominent position close to the A4 and A339 leading to the M4 (Junction 13)
Adjacent to Waitrose Supermarket and within walking distance of the town centre
Six Week Completion Period Available

Lot 27
Auction 14th February 2013
Rent £115,685 per Annum Exclusive
Status Sold
Price £810,000
Sector
Office
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Joint Administrators at Moorfields Corporate Recovery

Property Information

Location

Miles: 1 mile north of Newbury town centre, 24 miles east of Reading, 25 miles south-east of Swindon
Roads: A4, A34, A339, M4 (Junction 13)
Rail: Newbury Rail Station, Newbury Racecourse Rail Station
Air: London Heathrow Airport, Southampton Airport

Situation

The property is situated in a prominent location on the southern side of Oxford Road, adjacent to a large Waitrose superstore and close to its junction with Western Avenue (A4).
Both the A34 and A339 provide direct access to Central London via Junction 13 of the M4 (4 miles to the north).

Tenure

Freehold.

Location

Miles: 1 mile north of Newbury town centre, 24 miles east of Reading, 25 miles south-east of Swindon
Roads: A4, A34, A339, M4 (Junction 13)
Rail: Newbury Rail Station, Newbury Racecourse Rail Station
Air: London Heathrow Airport, Southampton Airport

Situation

Tenure

Freehold.

Description

The property comprises a three storey office building with on-site and undercroft car parking for approximately 42 cars. The office accommodation benefits from comfort cooling, raised floors, suspended ceilings and Category II lighting.

NB. This property is being marketed for sale on behalf of Simon Thomas and Shelley Bullman of Moorfields Corporate Recovery LLP, Joint Administrators of Argyll Ventures Limited and therefore no warranties or guarantees in any respect, including VAT, can be given. The Joint Administrators are not bound to accept the highest or any offer and are acting as agents of the Company only and without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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
Ground First Second	Office/Reception Office Office	380.60 sq m 381.63 sq m 193.03 sq m	(4,097 sq ft) (4,108 sq ft) (2,078 sq ft)	CENTRIX NETWORKING LIMITED (1)	5 years from 21/09/2009 on a full repairing and insuring lease	£115,685	20/09/2014
Totals		955.26 sq m	(10,283 sq ft)			£115,685

1) Centrix Software is an award winning software company which provides next generation workspace solutions with secure mobile access to applications and content. (Source: www.centrixsoftware.com 14/01/2013) Centrix was founded in 1997 as a consultancy practice and in 2008 launched Centrix Software as a separate business. The company currently has 70 employees and more than 500 customers for its software product range, Centrix Workspace. (Source: www.businessmag.co.uk/lisahammand)