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
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.
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
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.
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)
