Commercial Property
False
Value Added Tax
Property Description
Location
Viewing
Full details relating to tenure and copies of the various Agreements will be available for inspection in the legal pack.
We have not undertaken a measured survey of the Suites and all interested parties should seek their own verification as to floor areas and dimensions.
We understand that VAT will be payable on this transaction. It may however be treated as a
TOGC. Further details will be available within the legal pack.
Grosvenor House itself was constructed in the early 1990's and extends to approximately 65,000 sq.ft. on five floors with a basement car park, surface car parking, ground floor reception and two passenger lifts to all floors.
The property is built to an attractive specification with a full height glazed atrium, the property is set in landscape grounds with approximately 250 car parking spaces within the demise.
There are 45 office suites in total, and the interior specification varies to include air conditioning to some suites, solid floors with a floor box grid system, wall mounted electric storage heaters, and suspended ceilings incorporating fluorescent lighting. Each suite is self-contained and is separately metered for electricity. There are female, male and disabled WC facilities on each floor.
The above description is of Grosvenor House in its entirety, and it is important to note that we are offering a portfolio of 12 suites arranged in various parts of the building.
Grosvenor House is situated on the Central Park office campus, comprising some 250,000 sq.ft. of office space developed in the early 1990's and offering a variety of accommodation from 1,000 to 50,000 sq.ft. Central Park is principally occupied by Cap Gemini, IT supplier to HMRC, in two self-contained buildings, with a further variety of accommodation in pavilion style buildings along the estate roads comprising self-contained offices from 2,500 to 8,500 sq.ft.
Central Park lies a short distance to the north of Telford town centre and junctions 4 and 5 of the M54 motorway and is within walking distance of Telford Central Railway Station.
Strictly by arrangement with the Auctioneers
Commercial Investment
A Portfolio of Office Suites within a Modern Office Development Part-Let and with some Vacant Suites. There is the opportunity to enhance rental value further.
Current Rental Income: £85,103.50 pa
Estimated Full Rental Value: £110,500 pa
Additional Income from Share in Management Company: £25,933 pa
The property is Long Leasehold subject to the tenancies below.
