Offices, For Sale

10 Pearson Road, Central Park, Telford, Shropshire, TF2 9TX.

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Details

Property Reference

JND/3417

Address

10 Pearson Road, Central Park, Telford, Shropshire, TF2 9TX.

Location

The property is located on Pearson Road, Central Park, which is one of Telford's main business and office locations. Central Park is accessed from the B5061 Holyhead Road and lies close to the Greyhound Roundabout and the A442 Queensway, Telford's main north/south distributor road. Telford Town Centre and Junction 5 of the M54 motorway are approximately two miles to the south.

Description

The property comprises a modern two-storey office premises with adjacent car parking. The premises are carpeted and fitted out with suspended ceilings, perimeter trunking, central heating and double glazing. There are toilets on each floor.

Outside, there is allocated car parking adjacent to the building for 7 vehicles.
In addition, there is an area of land to include within the sale over which the car park can be extended, subject to planning consent.

The property is occupied by Electrosoft UK Limited, who have been in occupation since 1991 and the premises are utilised for the administration of their software development operation. The company turnover in the accounts to 31 December 2017 was £7.086 million with a pre-tax profit of £2.4 million and a reported net worth of £5.373 million.

Get directions to this property:

10 Pearson Road, Central Park

Detailed Specification

  • Size

    2,581 sq ft
  • Price/ Rent

    Guide price £240,000 plus VAT
  • Accommodation

    Gross Internal Area2,581 sq ft245.45 sq m

    *IPMS3 - office measurements can be made available upon request.

  • Services

    We understand that all mains services are available or connected to the property. It should be noted that we have not checked or tested these services and interested parties should make their own enquiries.
  • Planning

    We understand the property has planning permission for uses within Class B1 of the Town & Country Planning Act 1987 (Use Class Order 2005).
  • Tenure

    Long leasehold: We understand the property was sold on a long leasehold tenure for a term of 999 years from completion at a peppercorn rent. The property is occupied by Electrosoft UK Ltd on a lease commencing 25 December 2015 and expiring 24 December 2025. There is a tenant's option to break on 24 December 2020 subject to 6 months notice, and rent reviews at 24 December 2020 and 2025. The passing rent is £22,584 per annum (£8.75 per square foot).
  • Service Charge

    A service charge is levied by the freeholder to cover the cost of communal estate services. Payment of these services is included in the occupational lease, passing the liability to the tenant.
  • Local Authority

    Telford & Wrekin Council, Addenbrooke House, Ironmasters Way, Telford, Shropshire - Tel: 01952 380000.
  • Rateable Value

    According to the Valuation Office Agency website the rateable value of the property in the 2017 rating list is £21,500.
  • Energy Performance Certificate

    The property has an Energy Rating of B(46).
  • VAT

    All figures quoted are exclusive of VAT, which may be payable at the prevailing rate. The property has been elected for VAT and we understand that the purchaser therefore could be treated as the Transfer of a Going Concern (to be confirmed).
  • Legal Costs

    Each party to be responsible for their own legal costs in connection with this matter.
  • Viewing

    Strictly by prior appointment with the Agent's Telford office:
  • Additional Viewing Information

    Contact: Nicholas Dixon MRICS
    Direct Line: 01952 521006
    Mobile: 07957 828 563
    Email: nicholas@andrew-dixon.co.uk
    Ref: JND/3417

Disclaimer:
Andrew Dixon & Company. for themselves and for the vendors or lessors of this property whose agents they are give notice: (1) The particulars are set out as a general outline for the guidance of intending purchasers or lessors, and do not constitute, nor constitute part of, an offer or contract. (2) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not reply on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No employee of Andrew Dixon & Company. has any authority to make or give representation or warranty whatever in relation to this property.

As far as possible, these particulars are intended to give a fair description of the property. Unless otherwise stated, no enquiries have been made of statutory authorities nor tests made of electricity, plumbing or other services installed in the property. No warranties or certificates of building work, leases/title documents have been inspected. Such information as is given in these particulars is based on a purely visual inspection only and information supplied to us by the vendor/lessor. Interested parties must take their own measurements in order to satisfy themselves that the premises are suitable for their own requirements. Our measurements are approximate in order to give an indication of size only. Whilst every care has been taken to prepare these particulars, we would be grateful if you could inform us of any errors or misleading descriptions found in order that we may correct them in our records.