Property Details
Pugh Auctions
Lot 011
Lot 011
Auction: October 2017

Quayside Court, Riversway, Preston, Lancashire, PR2 2YP

Property Details
Location

The property is prominently located at the junction of Navigation Way and Chain Caul Way. The Riversway Development is an established mixed used scheme entered around the former Albert Edward dock, with leisure and retail around the northern and eastern banks with occupiers such as Odeon Cinema, McDonalds, KFC, Morrisons Supermarket, Halfords and DW Fitness and in the immediate vicinity office uses with occupiers such as NFU Mutual and Barclays.

Description

Purpose built detached office, completed in 2002. At present the accommodation is split into two letting units, with the first floor approximately 278 sq m (3,000 sq ft) let at an annual rent of ú16,000 rising to ú20,000 in year 5 of the lease, together with vacant ground floor approximately 289 sq m (3,110 sq ft). The ground floor has potential to be split into two units with the current office having two entrances from the common parts. The accommodation benefits from CAT II lighting, CAT V data cabling and ceiling mounted heating/air con units.

Accommodation

Our Joint Agent has provided the following approximate areas: Ground Floor: 289 sq m (3,110 sq ft) First Floor: 278 sq m (3,000 sq ft) Total: 567 sq m (6,110 sq ft)

Outside

Landscaped site with 23 designated car spaces.

Tenure

Leasehold for a term of 125 years from 12th April 1995.

Tenancy

The first floor is let for a term of 5 years from 22nd January 2016 at a current rent of ú16,000 rising to ú17,000 in year 3, ú18,000 in year 4 (save subject to 1 month rent free in that year) and ú20,000 in year 5. There is a tenant break date on the last day of the third year of the term.

VAT

VAT is payable at the prevailing rate unless the sale can be treated as a TOGC.

General

Energy Performance Certificate = D.

Addendum

The tenure is Leasehold for a term of 125 years from 12th April 1995. The first floor is let for a term of 5 years from 22nd January 2016 at a current rent of ú16,000 rising to ú17,000 in year 3, ú18,000 in year 4 (save subject to 1 month rent free in that year) and ú20,000 in year 5. There is a tenant break date on the last day of the third year of the term.

Property Location Address:
Quayside Court,
Riversway,
Preston,
Lancashire,
PR2 2YP
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Auction Details
Auction: October 2017 Date: 17th October 2017 Lot Number: 011 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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