Investment, For Sale (Under offer)

Heritage Park, Eastern Way, Cannock, Staffs, WS11 7LT.

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Property reference:

Heritage Park, Eastern Way, Cannock, Staffs, WS11 7LT.

Heritage Park is situated approximately 1 mile east of Cannock town centre with direct access onto the Eastern Way which links to the A5 and T7 of the M6 Toll Road at Churchbridge, approximately 2 miles south. Junctions 11 & 12 of the M6 motorway are approximately 2 & 3 miles respectively.

The Office Park is of modern construction of 18 two storey offices.
Each office provides:-
Front door access
Kitchen and wc facilities
Gas fired central heating system
Suspended ceilings with recessed LG3 compliant lighting
Perimeter trunking
Allocated car parking

Detailed Specification

  • Size: 7,125 sq ft (662 sq m)
  • Price/ Rent: Offers in the region of £700,000 plus VAT
  • Accommodation:

    All measurements are approximate:

    18 x 2 storey offices totalling 37,277 sq ft (3,463 sq m)

  • Planning: We understand all mains services are available.
  • Local authority: Cannock Chase Council Tel: 01543 462621
  • Tenancy: INCOME: 14 units are held on 250 year long leaseholds. The initial ground rent is £150 per annum per unit (blank copy of the long leasehold document is available for inspection upon request). Current ground rent income is £1,900 pa. 4 units are held on occupational leases with a current rent income of £57,792 plus VAT per annum. See Tenancy Schedule.Total annual income £59,692 plus VAT per annum.
  • Viewing: Strictly by prior appointment with the Agent's Cannock office.
  • Energy Performance Certificate (E.P.C.): Energy Performance Certificates - please contact office for Certificates.
  • E.P.C. Number: Please contact office for Certificates.
  • V.A.T.: The landlord reserves the right to charge VAT on the above figures as appropriate.
  • Legal Cost: All legal costs incurred in the preparation of the lease and counterpart lease together with any vat and stamp duty due thereon will be the responsibility of the ingoing tenant.
  • Terms: Full repairing and insuring basis.
  • Service Charge: A site service charge is levied and this is currently 0.53p psf per annum plus VAT.

Disclaimer: Messrs. Andrew Dixon & Co. (and their joint agents, where applicable) for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that : (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) Any information contained herein (whether in the text, plans or photographs etc.) is given in good faith but without responsibility and is believed to be correct. Any intending purchasers or tenants should not rely 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 Messrs. Andrew Dixon & Co. has any authority to make or give representation or warranty whatsoever in relation to this property. (4) 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.