OBO £900000
Turnpike Gate House, Alcester Heath, Alcester, Warwickshire B49 5JG
OBO £900,000
FREEHOLD OFFICE INVESTMENT
• Freehold Investment For Sale • Prominent
Multi-Let
Office
Building
currently producing £76,870 per annum, plus vacant office £7,500 per annum • 8817 sq.ft. (819 sq.m.) Total Net Floor Area • Prominent Main Road (A435) Frontage on the outskirts of Alcester Town Centre
TURNPIKE GATE HOUSE is prominently situated fronting Alcester Ring Road and the main A435 Birmingham Road at its roundabout junction with Alcester Heath Road and the B4089 on the outskirts of Alcester town centre. Alcester itself is an attractive market town situated to the west of Stratford upon Avon, being well placed for the region's road communications, the M42 to the north, M5 to the west and M40 the east.
office suites sharing the communal WC and kitchen facilities.
occupational tenancies.
ACCOMMODATION Ground Floor First Floor Second Floor Total Net Internal Floor Area (approx.)
SERVICE CHARGE: Copies of the Lessor’s expenses/service charge account are available upon request. The figures for the current year are £33,923, which includes an administration charge by the owner of £3,004 with forecast expenditure for 2017 at £33,300.
3813 sq.ft. (354.2 sq.m.) 3696 sq.ft. (33.3 sq.m.) 1308 sq.ft. (121.5 sq.m.) 8817 sq.ft. (819 sq.m.)
In addition, there are 53 allocated parking spaces. DESCRIPTION A modern purpose built office building, together with 53 car parking spaces. There are feature glazed and brick elevations and impressive entrance. Internally, the accommodation benefits from raised floors with carpet tiles, ceiling tiles with recessed lighting, blinds throughout and central core area with lift, separate male and female facilities, and kitchen. The accommodation is currently being multi-let to a number of tenants, each with their own
Each tenancy is let on internal repairing terms inside the Landlord & Tenant Act with the tenants paying a contribution towards the service charge where communal expenditure and maintenance is recoverable.
SERVICES: All mains services are connected to the property. Heating is provided by way of a gas fired central heating boiler. However, this must be checked by your solicitor before exchange of contracts. CURRENT ENERGY PERFORMANCE CERTIFICATE RATING: D. A full copy of the EPC is available at the office if required.
GENERAL INFORMATION VIEWING: By Prior Appointment with the Selling Agents. TENURE: The property is being sold Freehold, subject to the
TENANCY AND ACCOMMODATION SCHEDULE
Tenant
Floor
Office
Itaya Geomant Counters Consulting Ltd.
Second First First
Unique Claims Solutions Ltd. Options Central Services Options Central Services Beardsmore Libra Void
Rent p.a.
Lease Expiry
Notes
1 1A 1B
September 2020 December 2020 October 2019
First
2C
First
2B
January 2019 (from Feb 2016) January 2017
No break Subject to 6 months break any time Agreed extension. Current lease expired May 2016. 3 year tenant break clause – six months after first twelve months Tenant break 1st February 2018 subject to six months’ notice Informal tenancy for one year
Ground
A and B
February 2016
12 month extension to February 2017
Ground Ground
C 1D
November 2016
First
2A
Informal tenancy originally agreed 3 years from march 2011. Asking Rental
£7,500 Total Current Income: Total Potential Income Total Current Service Charge
£76,870.50 £84,370.50 £28,878.75
Unique Claims Solutions Ltd paid £4,500 rent in 2016, rising to £5,400 February 2017 Options wish to take a three year lease of Suites A, B and C and relinquish 2B. Beardsmore will swap to 2A. A detailed tenancy, rent and service charge schedule is available upon request
DISCLAIMER: Peter Clarke & Co LLP themselves and for the vendors or lessors of this property whose agents they are, give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessors, and do not constitute part of an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or presentations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Room sizes are given on a gross basis, excluding chimney breasts, pillars, cupboards, etc. and should not be relied upon for carpets and furnishings. (iii) we have not carried out a detailed survey and/or tested services, appliances and specific fittings (iv) no person in the employment of Peter Clarke & Co LLP has any authority to make or give any representation of warranty whatever in relation to this property (v) it is suggested that prospective purchasers walk the land and boundaries of the property, prior to exchange of contracts, to satisfy themselves as to the exact area of land they are purchasing.
01789 415444 www.peterclarke.co.uk 53 Henley Street & 1 Meer Street, Stratford-Upon-Avon, Warwickshire CV37 6PT [email protected]
Six offices throughout South Warwickshire & North Cotswolds
OBO £900,000
FREEHOLD OFFICE INVESTMENT
• Freehold Investment For Sale • Prominent
Multi-Let
Office
Building
currently producing £76,870 per annum, plus vacant office £7,500 per annum • 8817 sq.ft. (819 sq.m.) Total Net Floor Area • Prominent Main Road (A435) Frontage on the outskirts of Alcester Town Centre
TURNPIKE GATE HOUSE is prominently situated fronting Alcester Ring Road and the main A435 Birmingham Road at its roundabout junction with Alcester Heath Road and the B4089 on the outskirts of Alcester town centre. Alcester itself is an attractive market town situated to the west of Stratford upon Avon, being well placed for the region's road communications, the M42 to the north, M5 to the west and M40 the east.
office suites sharing the communal WC and kitchen facilities.
occupational tenancies.
ACCOMMODATION Ground Floor First Floor Second Floor Total Net Internal Floor Area (approx.)
SERVICE CHARGE: Copies of the Lessor’s expenses/service charge account are available upon request. The figures for the current year are £33,923, which includes an administration charge by the owner of £3,004 with forecast expenditure for 2017 at £33,300.
3813 sq.ft. (354.2 sq.m.) 3696 sq.ft. (33.3 sq.m.) 1308 sq.ft. (121.5 sq.m.) 8817 sq.ft. (819 sq.m.)
In addition, there are 53 allocated parking spaces. DESCRIPTION A modern purpose built office building, together with 53 car parking spaces. There are feature glazed and brick elevations and impressive entrance. Internally, the accommodation benefits from raised floors with carpet tiles, ceiling tiles with recessed lighting, blinds throughout and central core area with lift, separate male and female facilities, and kitchen. The accommodation is currently being multi-let to a number of tenants, each with their own
Each tenancy is let on internal repairing terms inside the Landlord & Tenant Act with the tenants paying a contribution towards the service charge where communal expenditure and maintenance is recoverable.
SERVICES: All mains services are connected to the property. Heating is provided by way of a gas fired central heating boiler. However, this must be checked by your solicitor before exchange of contracts. CURRENT ENERGY PERFORMANCE CERTIFICATE RATING: D. A full copy of the EPC is available at the office if required.
GENERAL INFORMATION VIEWING: By Prior Appointment with the Selling Agents. TENURE: The property is being sold Freehold, subject to the
TENANCY AND ACCOMMODATION SCHEDULE
Tenant
Floor
Office
Itaya Geomant Counters Consulting Ltd.
Second First First
Unique Claims Solutions Ltd. Options Central Services Options Central Services Beardsmore Libra Void
Rent p.a.
Lease Expiry
Notes
1 1A 1B
September 2020 December 2020 October 2019
First
2C
First
2B
January 2019 (from Feb 2016) January 2017
No break Subject to 6 months break any time Agreed extension. Current lease expired May 2016. 3 year tenant break clause – six months after first twelve months Tenant break 1st February 2018 subject to six months’ notice Informal tenancy for one year
Ground
A and B
February 2016
12 month extension to February 2017
Ground Ground
C 1D
November 2016
First
2A
Informal tenancy originally agreed 3 years from march 2011. Asking Rental
£7,500 Total Current Income: Total Potential Income Total Current Service Charge
£76,870.50 £84,370.50 £28,878.75
Unique Claims Solutions Ltd paid £4,500 rent in 2016, rising to £5,400 February 2017 Options wish to take a three year lease of Suites A, B and C and relinquish 2B. Beardsmore will swap to 2A. A detailed tenancy, rent and service charge schedule is available upon request
DISCLAIMER: Peter Clarke & Co LLP themselves and for the vendors or lessors of this property whose agents they are, give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessors, and do not constitute part of an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or presentations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Room sizes are given on a gross basis, excluding chimney breasts, pillars, cupboards, etc. and should not be relied upon for carpets and furnishings. (iii) we have not carried out a detailed survey and/or tested services, appliances and specific fittings (iv) no person in the employment of Peter Clarke & Co LLP has any authority to make or give any representation of warranty whatever in relation to this property (v) it is suggested that prospective purchasers walk the land and boundaries of the property, prior to exchange of contracts, to satisfy themselves as to the exact area of land they are purchasing.
01789 415444 www.peterclarke.co.uk 53 Henley Street & 1 Meer Street, Stratford-Upon-Avon, Warwickshire CV37 6PT [email protected]
Six offices throughout South Warwickshire & North Cotswolds
