Regus Building Doxford International Business Park Sunderland Tyne & Wear SR3 3XW

Regus Building
Doxford International Business Park
Sunderland
Tyne & Wear
SR3 3XW

Virtual Freehold Office Ground Rent Investment

  • Let on a new 125 year lease to a Serviced Office operator
  • Sublet to Regus (Sunderland Doxford) Ltd at a current rent of £318,750 p.a.x.
  • Secure, Substantial and Highly specified office building
  • 5 yearly fixed rental increases to 2% pa compounded
  • Includes 122 car parking spaces. 1:213 sq ft
  • Six Week Completion Period Available
  • Lot
    8
  • Auction
    11th July 2013
  • Rent
    £38,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Ground Rent
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Virtual Freehold Office Ground Rent Investment

  • Let on a new 125 year lease to a Serviced Office operator
  • Sublet to Regus (Sunderland Doxford) Ltd at a current rent of £318,750 p.a.x.
  • Secure, Substantial and Highly specified office building
  • 5 yearly fixed rental increases to 2% pa compounded
  • Includes 122 car parking spaces. 1:213 sq ft
  • Six Week Completion Period Available
  • Lot 8
  • Auction 11th July 2013
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Ground Rent
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
13 miles south-east of Newcastle, 10 miles north of Durham, 25 miles north of Middlesbrough
Roads
A19, A1(M), A690
Rail
Sunderland Railway Station
Air
Newcastle International Airport
Situation

Doxford International Business Park is a modern and busy business park strategically situated immediately adjacent to the A19 and some 4 miles south-west of Sunderland city centre. The property is situated in the centre of the business park. Other major occupiers on the park include Barclays Bank, The University of Sunderland, Nike, EDF and Royal Mail.

Tenure

Freehold. Virtual Freehold. Held for a term of 999 years from 4th April 1996 at a fixed peppercorn rent.

Location
Miles
13 miles south-east of Newcastle, 10 miles north of Durham, 25 miles north of Middlesbrough
Roads
A19, A1(M), A690
Rail
Sunderland Railway Station
Air
Newcastle International Airport
Situation

Doxford International Business Park is a modern and busy business park strategically situated immediately adjacent to the A19 and some 4 miles south-west of Sunderland city centre. The property is situated in the centre of the business park. Other major occupiers on the park include Barclays Bank, The University of Sunderland, Nike, EDF and Royal Mail.

Tenure

Freehold. Virtual Freehold. Held for a term of 999 years from 4th April 1996 at a fixed peppercorn rent.

Description

The property comprises a substantial office building with office accommodation
on the ground and first floors. The offices are highly specified with raised floors, suspended ceilings and air conditioning. The offices benefit from being configured as 3 wings around a central core. The property benefits from a site area of approximately 0.79 hectares (1.95 acres) providing site coverage of approximately 30% and a car park for approximately 122 cars giving a car parking ratio of 1:213 sq ft.

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 substantial office building with office accommodation
on the ground and first floors. The offices are highly specified with raised floors, suspended ceilings and air conditioning. The offices benefit from being configured as 3 wings around a central core. The property benefits from a site area of approximately 0.79 hectares (1.95 acres) providing site coverage of approximately 30% and a car park for approximately 122 cars giving a car parking ratio of 1:213 sq ft.

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 Reviews
Basement
Ground
First

Atrium
Offices
Offices
97.39 sq m
1,168.60 sq m
1,153.10 sq m
(1,054 sq ft)
(12,579 sq ft)
(12,412 sq ft)
OMNIA DOXFORD
LIMITED (1) (3)
125 years from completion of the sale until 2138
£38,000
2018 and 5 yearly
Increased by 2% pa
compounded (2)
Totals  
2,419.09 sq m
(26,045 sq ft)
    £38,000

(1) Omnia Doxford Limited are a serviced office operator. Omnia currently operate several serviced office centres. For more information see www.omniaoffices.com
(2)The lease provides for the rent to be increased every 5th year by 2% per annum compounded.
(3)The tenant has sublet the entire property to Regus (Sunderland Doxford) Ltd at a current rent of £318,750 p.a.x.

Property Documents

  • Catalogue Page
    Updated Date
    19.06.13
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Lopian Wagner Solicitors 5th Floor Maybrook House, 40 Blackfriars Street
Manchester
M3 2EG
Michael Lopian 0161 834 2324mlopian@lopianwagner.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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