Approximately 1,583 sq m (17,039 sq ft) of office accommodation with on-site parking
Excellent Development Potential (Subject to Consents)
Nearby occupiers include the Post Office, Cannock Chase Hospital and Cannock Chase District Council
Six Week Completion Period Available
Lot 5
Auction 21st March 2013
Rent £101,058 per Annum Exclusive
Status Sold
Price £540,000
Sector Office
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Property Information
Location
Miles
9 miles north of Wolverhampton, 16 miles north of Birmingham
Roads
A34, M6 (Toll Road)
Rail
Cannock Railway Station (direct to Birmingham New Street in 38 mins)
Air
Birmingham International Airport
Situation
The property is situated in a prominent position on the southern side of Beecroft Road, just off the major A34 Ringway. Cannock Shopping Centre lies less than 150 metres to the south and houses retailers such as Carphone Warehouse, Argos, Specsavers, Thorntons, Costa Coffee and New Look. Other nearby occupiers include Cannock Chase Hospital, Cannock Chase District Council’s principal offices, a Post Office Delivery Office and Job Centre Plus.
Tenure
Freehold.
Location
Miles
9 miles north of Wolverhampton, 16 miles north of Birmingham
Roads
A34, M6 (Toll Road)
Rail
Cannock Railway Station (direct to Birmingham New Street in 38 mins)
Air
Birmingham International Airport
Situation
The property is situated in a prominent position on the southern side of Beecroft Road, just off the major A34 Ringway. Cannock Shopping Centre lies less than 150 metres to the south and houses retailers such as Carphone Warehouse, Argos, Specsavers, Thorntons, Costa Coffee and New Look. Other nearby occupiers include Cannock Chase Hospital, Cannock Chase District Council’s principal offices, a Post Office Delivery Office and Job Centre Plus.
Tenure
Freehold.
Description
The property comprises a purpose built office building over three floors benefiting from two principal entrance areas, a lift, suspended ceilings, recessed category II lighting, perimeter trunking and on-site car parking to the rear for approximately 21 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 purpose built office building over three floors benefiting from two principal entrance areas, a lift, suspended ceilings, recessed category II lighting, perimeter trunking and on-site car parking to the rear for approximately 21 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)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Office Office Office
581 sq m 500 sq m 502 sq m
(6,252 sq ft) (5,383 sq ft) (5,404 sq ft)
SOUTH STAFFORDSHIRE COLLEGE (1)
15 months from 13/07/2012 to 12/10/2013
£101,058
13/01/2014 (2)
Totals
1,583 sq m
(17,039 sq ft)
£101,058
(1) South Staffordshire College offers over 200 full-time and part-time work-based training courses and apprenticeships to school leavers and adults. The College has been recognised nationally as the most successful College in Staffordshire, according to latest figures from the Data Service. (Source: www.southstaffs.ac.uk 20/02/2013) (2)The tenant’s lease is currently due to expire in October 2013. The tenant however has requested a 3 month extension to their lease expiring January 2014 and the lease is currently in solicitor’s hands.
