Office
Please note that no offers will be accepted prior or post to the Auction.
The property will be sold on the understanding that the 10% deposit must be paid by a Banker’s Draft made payable to CPBigwood Ltd. No other means of payment will be accepted and failure to do so will result in the property being re-offered for Sale.
In addition to the purchase price, the purchaser will be required to pay the Council’s professional fees of £2,000.
There is a current Service Charge on the block of £2,174.24 per annum for maintenance of the external shared facilities and a rateable value of £312,500.
A detached four storey office building situated on the edge of an industrial estate adjacent to the River Tame with 74 car parking spaces and the opportunity to Lease a further 27 spaces on a separate agreement with the landlord if required. The building has a net internal floor area of 3,618 sq.m. (38,936 sq.ft.) or thereabouts.
The total site extends to some 0.45 hectares (1.11 acres) or thereabouts with a net internal floor area of 3,618 sq.m. (38,936 sq.ft.) or thereabouts.
A Long Leasehold Modern Four Storey Office Building with 74 Car Parking Spaces
We understand that the property is Leasehold with some 987 years unexpired at a peppercorn ground rent and vacant possession will be given upon completion. The council will take back a Lease with contingent access rights of an area of the second floor currently used as a computer server room and a separate generator building in the grounds for a period of 5 years followed by an annual rolling tenancy at a peppercorn ground rent without review subject to a 6 month break clause by the council.
Strictly by arrangement with the Auctioneers.
