Empire House, Sunderland Quay, MCE, Rochester AWS
EMPIRE HOUSE SUNDERLAND QUAY, CULPEPER CLOSE, MEDWAY CITY ESTATE, ROCHESTER, KENT ME2 4HN
On the instructions of the LPA Receivers HIGH QUALITY WATERFRONT OFFICE INVESTMENT TOTALLING 6,597 SQ. FT. (612.9 M²) FOR SALE VIRTUAL FREEHOLD
01634 668000 watsonday.com
Empire House, Sunderland Quay, Rochester
LOCATION: Empire House forms part of Sunderland Quay, a purpose built, modern office development with direct frontage to the River Medway and is situated on the Medway City Estate. There are panoramic views across the River Medway towards Rochester with its cathedral and castle. There is excellent motorway access via the Medway Towns Northern Relief Road (A289) which passes immediately at the northern entrance to the Medway City Estate. This provides dual carriageway access to both Junction 1 of the M2 motorway to west and to Junction 4 of the M2 to the east. In turn, the M2 proves access to London, Gatwick & Heathrow to the west and to the Channel Ports to the east.
DESCRIPTION: Sunderland Quay was developed in approximately 1990/91 and is generally considered the most attractive office location within Medway City Estate. It has been well thought out and planned in a low density manner with excellent flexibility in terms of the space it has to offer. It provides good quality accommodation at a substantial discount over rents at the nearby Chatham Maritime. Empire House comprises a self-contained, semi-detached building providing accommodation over ground, first and second floors. Construction is of steel framing with attractive brick elevations beneath a pitched roof. Each floor is arranged as 2 individual, self contained, open plan office suites, each with separate WC and kitchen facilities. Finishes include suspended ceilings, recessed lighting, full raised flooring for under floor cabling, electric storage heaters, and anodised aluminium framed double glazed windows. A passenger lift provides access to all floors. Externally are block paved car parking areas within which there are a total of 39 parking spaces specifically for use with the property ACCOMMODATION: Ground Floor
Suite 1 Suite 2
1,210 sq.ft. 989 sq.ft.
(112.41m²) ( 91.88m²)
First Floor
Suite 3/4
2,199 sq.ft.
(204.29m²)
Second Floor
Suite 5 Suite 6
1,208 sq.ft 991 sq.ft.
(112.23m²) ( 92.07m²)
6,597 sq. ft.
(612.87m²)
Total
LEASES & TENANCIES:
Empire House, Sunderland Quay, Rochester
Suite
Tenant
Term & Commencement
Rental
Reviews
Breaks
1
TEi Ltd
6 yrs 14th Nov 12 (Expires 13/11/18)
£10,000 p.a.
None to end of term
None to end of term
2
E J Brooks (Europe) Ltd
3 yrs 22nd Jul 15 (Expires 21/07/18)
£15,000 p.a.
3-4
Peabody South East Ltd
6 yrs 15th Oct 16 (Expires 14/10/22)
£21,000 p.a.
5
Under Offer
6 yrs
6
Fernfield Homes Ltd
Notes/Comments
Rolling tenant only at any time subject to 3 mths notice.
Rent inclusive of Schgs & bldg insurance.
15th Oct 2020
Tenant only 15th Oct 2020 on 6 mths notice
Wholly owned subsidiary business of Peabody Trust. Lease renewal – docs not yet completed.
£14,000 p.a.
3 yrly
End of 3rd yr on 6 mths prior notice
Under offer to national company with 14 offices
6 yrs 21st Dec 17 (Expires 20/12/23)
£9,250 p.a.
20th Dec 2020
Tenant only 20th Dec 2020 on 6 mths notice
Rent deposit of £5,550 held
TOTAL INCOME
£69,250 p.a.
Empire House, Sunderland Quay, Rochester
SERVICE CHARGE:
A Service Charge is operated to cover maintenance and upkeep of common parts of the property including entrance lobby, stairwell, lift, exterior & structure. A separate Grounds Service Charge is levied by the freeholder of the Sunderland Quay development (recoverable from the occupational tenants) in respect of grounds maintenance.
UTILITIES:
Each suite is independently supplied with mains water & electricity. Supplies are metered and charged to the tenants directly by utility providers
TENURE:
Our client’s interest is a virtual freehold being a long leasehold for a term of 998 years from 1st May 2007 at a peppercorn rental.
PROPOSAL:
A disposal of our client’s virtual freehold interest subject to the existing leases & tenancies.
PRICE:
Offers invited in excess of £650,000
LEGAL COSTS:
Both parties to bear their own costs in the matter
VIEWING & FURTHER INFORMATION:
Via:-
Watson Day Chartered Surveyors 01634 668000
Updated Feb 2018
2 The Oaks Business Village, Revenge Road, Lordswood, Chatham, Kent ME5 8LF IMPORTANT NOTICE: Watson Day Chartered Surveyors for themselves and for the vendors or lessors of this property whose agents they are give notice that: 1) All rents, prices or other charges given are exclusive of VAT; 2) Any equipment, fixtures and fittings or any other item referred to have not been tested unless specifically stated; 3) These details, description and measurements do not form part of a contract and whilst every effort has been made to ensure accuracy this cannot be guaranteed. Applicants must satisfy themselves by inspection or otherwise as to the correctness of them; 4) No person in the employment of Watson Day Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property
On the instructions of the LPA Receivers HIGH QUALITY WATERFRONT OFFICE INVESTMENT TOTALLING 6,597 SQ. FT. (612.9 M²) FOR SALE VIRTUAL FREEHOLD
01634 668000 watsonday.com
Empire House, Sunderland Quay, Rochester
LOCATION: Empire House forms part of Sunderland Quay, a purpose built, modern office development with direct frontage to the River Medway and is situated on the Medway City Estate. There are panoramic views across the River Medway towards Rochester with its cathedral and castle. There is excellent motorway access via the Medway Towns Northern Relief Road (A289) which passes immediately at the northern entrance to the Medway City Estate. This provides dual carriageway access to both Junction 1 of the M2 motorway to west and to Junction 4 of the M2 to the east. In turn, the M2 proves access to London, Gatwick & Heathrow to the west and to the Channel Ports to the east.
DESCRIPTION: Sunderland Quay was developed in approximately 1990/91 and is generally considered the most attractive office location within Medway City Estate. It has been well thought out and planned in a low density manner with excellent flexibility in terms of the space it has to offer. It provides good quality accommodation at a substantial discount over rents at the nearby Chatham Maritime. Empire House comprises a self-contained, semi-detached building providing accommodation over ground, first and second floors. Construction is of steel framing with attractive brick elevations beneath a pitched roof. Each floor is arranged as 2 individual, self contained, open plan office suites, each with separate WC and kitchen facilities. Finishes include suspended ceilings, recessed lighting, full raised flooring for under floor cabling, electric storage heaters, and anodised aluminium framed double glazed windows. A passenger lift provides access to all floors. Externally are block paved car parking areas within which there are a total of 39 parking spaces specifically for use with the property ACCOMMODATION: Ground Floor
Suite 1 Suite 2
1,210 sq.ft. 989 sq.ft.
(112.41m²) ( 91.88m²)
First Floor
Suite 3/4
2,199 sq.ft.
(204.29m²)
Second Floor
Suite 5 Suite 6
1,208 sq.ft 991 sq.ft.
(112.23m²) ( 92.07m²)
6,597 sq. ft.
(612.87m²)
Total
LEASES & TENANCIES:
Empire House, Sunderland Quay, Rochester
Suite
Tenant
Term & Commencement
Rental
Reviews
Breaks
1
TEi Ltd
6 yrs 14th Nov 12 (Expires 13/11/18)
£10,000 p.a.
None to end of term
None to end of term
2
E J Brooks (Europe) Ltd
3 yrs 22nd Jul 15 (Expires 21/07/18)
£15,000 p.a.
3-4
Peabody South East Ltd
6 yrs 15th Oct 16 (Expires 14/10/22)
£21,000 p.a.
5
Under Offer
6 yrs
6
Fernfield Homes Ltd
Notes/Comments
Rolling tenant only at any time subject to 3 mths notice.
Rent inclusive of Schgs & bldg insurance.
15th Oct 2020
Tenant only 15th Oct 2020 on 6 mths notice
Wholly owned subsidiary business of Peabody Trust. Lease renewal – docs not yet completed.
£14,000 p.a.
3 yrly
End of 3rd yr on 6 mths prior notice
Under offer to national company with 14 offices
6 yrs 21st Dec 17 (Expires 20/12/23)
£9,250 p.a.
20th Dec 2020
Tenant only 20th Dec 2020 on 6 mths notice
Rent deposit of £5,550 held
TOTAL INCOME
£69,250 p.a.
Empire House, Sunderland Quay, Rochester
SERVICE CHARGE:
A Service Charge is operated to cover maintenance and upkeep of common parts of the property including entrance lobby, stairwell, lift, exterior & structure. A separate Grounds Service Charge is levied by the freeholder of the Sunderland Quay development (recoverable from the occupational tenants) in respect of grounds maintenance.
UTILITIES:
Each suite is independently supplied with mains water & electricity. Supplies are metered and charged to the tenants directly by utility providers
TENURE:
Our client’s interest is a virtual freehold being a long leasehold for a term of 998 years from 1st May 2007 at a peppercorn rental.
PROPOSAL:
A disposal of our client’s virtual freehold interest subject to the existing leases & tenancies.
PRICE:
Offers invited in excess of £650,000
LEGAL COSTS:
Both parties to bear their own costs in the matter
VIEWING & FURTHER INFORMATION:
Via:-
Watson Day Chartered Surveyors 01634 668000
Updated Feb 2018
2 The Oaks Business Village, Revenge Road, Lordswood, Chatham, Kent ME5 8LF IMPORTANT NOTICE: Watson Day Chartered Surveyors for themselves and for the vendors or lessors of this property whose agents they are give notice that: 1) All rents, prices or other charges given are exclusive of VAT; 2) Any equipment, fixtures and fittings or any other item referred to have not been tested unless specifically stated; 3) These details, description and measurements do not form part of a contract and whilst every effort has been made to ensure accuracy this cannot be guaranteed. Applicants must satisfy themselves by inspection or otherwise as to the correctness of them; 4) No person in the employment of Watson Day Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property
