Foliot House and 3-5 Brooklands Office Campus

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1 Foliot House and 3-5 Brooklands Office Campus FOR SALE BUDSHEAD ROAD CROWNHILL PLYMOUTH DEVON PL6 5XR

m Let Freehold Current rental income 50,000 per annum Potential reversionary rental income of

2 SUMMARY Established office location in Crownhill, Plymouth with easy access to A38 Two office buildings Foliot House 12,492 sq ft / 1,161 sq m Vacant Units 3 5 Brooklands 7,394 sq ft / 687 sq m Let Freehold Current rental income 50,000 per annum Potential reversionary rental income of 149,950 per annum once Foliot House is let Opportunity for owner occupiers and investors Price - 1,700,000

LOCATION Plymouth nestles in an area of outstanding natural beauty, with the Dartmoor National Park to the north, whilst the natural harbour of Plymouth Sound creates the southern border with the

Plymouth is the second largest city on the south coast of England and after Bristol, the largest in the south west with a resident population of 259,200, making it the 15th largest city (by

3 LOCATION Plymouth nestles in an area of outstanding natural beauty, with the Dartmoor National Park to the north, whilst the natural harbour of Plymouth Sound creates the southern border with the rivers Plym and Tamar on either side. Plymouth is the second largest city on the south coast of England and after Bristol, the largest in the south west with a resident population of 259,200, making it the 15th largest city (by population) in the country. There are a further 100,000 in its travel-towork area. A significant factor within the city is the continued growth of the further and higher education sectors. Today, served by University of Plymouth, University of St Mark and St John, Plymouth School of Art and Design and City College Plymouth, the city has a student population of over 50,000. The city has excellent road connections with the A38 providing access to the national motorway network at Junction 31 of the M5 motorway at Exeter. Plymouth s mainline railway station is located approximately 4 miles south of the property and provides regular services to London Paddington of just over 3 hours. There are also other direct services to Bristol, the Midlands, the North, Scotland and South Wales. Exeter Airport is approximately 50 miles away and Newquay Airport is approximately 45 miles away.

4 SITUATION The properties are located to the north of Plymouth forming part of Brooklands Office Campus. The properties are accessed from Budshead Road, which is accessed from the A386 Tavistock Road being the main route from Plymouth City Centre to Tavistock and other towns to the north of Plymouth. The A38 is accessed directly from the A386 and is within close proximity. BUILDINGS PLUS DESIGNATED PARKING

DESCRIPTION The property comprises a campus office development built in the late 1980 s. The buildings are set in landscaped gardens with surface car parking.

The building has the benefit of lift access to all floors with security card entry on most of the doors throughout the building.

5 DESCRIPTION The property comprises a campus office development built in the late 1980 s. The buildings are set in landscaped gardens with surface car parking. Comprising of two self contained properties. BUILDING ONE Foliot House is arranged over three floors and provides mainly open plan office accommodation albeit there are various smaller rooms. The building has the benefit of lift access to all floors with security card entry on most of the doors throughout the building. BUILDING TWO Units 3 5 is arranged over two floors also with lift access to both floors. Fully refurbished prior to the letting to St Luke s Hospice in There is a generous provision of car parking on site with Foliot House having the benefit of 45 spaces and Units 3 5 having the benefit of 27 car parking spaces. SPECIFICATION Gas fired central heating Suspended ceilings and recessed lighting Male and female WC s on each floor and additional disabled toilet facilities

6 TENANCY Foliot House is currently vacant and on the market. Units 3 5 Brooklands is currently tenanted, further details below: - BUILDING TENANT AREA LEASE START LEASE EXPIRY RENT ERV RENT PER SQ FT Foliot House - 12,492 sq ft ,950 per annum Units 3 5 Brooklands St Luke s Hospice Plymouth 7,394 sq ft 12th May th May ,000 per annum 8.00 per sq ft 6.76 per sq ft COMMENTS On the market to let. The lease is excluded from Sections of the Landlord and Tenant Act There are break clauses at the 5th and 10th anniversaries of the term along with rent reviews. There is a service charge cap of 11,091 per annum subject to increases in line with RPI. TOTAL 19,886

COVENANT & INFORMATION St Luke s Hospice covenant information 31st March 2013 31st March 2014 31st March 2015 Pre-Tax Profit 192,017 1,094,146-160,366 Total Net Worth 5,770,177 6,864,323 6,703,956

Interested parties should make their own enquiries.

7 COVENANT & INFORMATION St Luke s Hospice covenant information 31st March st March st March 2015 Pre-Tax Profit 192,017 1,094, ,366 Total Net Worth 5,770,177 6,864,323 6,703,956 Services We understand that mains electricity, gas, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries. Business Rates From the Valuation Office Agency website we understand that the current rateable values and rates payables are as follows: Rateable Value Rates Payable 2015/2016 Foliot House 127,000 62,611 per annum 3 & 5 Brooklands 51,500 25, per annum 4 Brooklands 19,250 9, per annum Interested parties are advised to confirm the rateable liability with Plymouth City Council.

com VAT All figures quoted are subject to VAT where chargeable. EPC Foliot House B (45) 3 5 Brooklands Office Campus C (61) Proposal Offers are sought in the region of 1,700,000.

8 CHARGES Service Charge A service charge is levied for the upkeep and maintenance of the estate. Further details are available on request. Legal Fees Each party to be responsible for their own legal fees in relation to this transaction. Further Information and Viewings Joanne Harwood DD: E: jharwood@vickeryholman.com VAT All figures quoted are subject to VAT where chargeable. EPC Foliot House B (45) 3 5 Brooklands Office Campus C (61) Proposal Offers are sought in the region of 1,700,000. The client would consider selling the buildings individually. Vickery Holman supports the aims and objectives of the Code for Leasing Business Premises in England and Wales 2007 which recommends that you seek professional advice before entering into a tenancy agreement. Please refer to for further information. Vickery Holman for themselves and for the Vendors or Lessors of the property whose Agents they are, give notice that: 1) The particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer of contract; 2) All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and 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 of them; 3) No person in the employment of Vickery Holman has any authority to make or give any representation of warranty in relation to this property. SUBJECT TO CONTRACT

Major City Centre Redevelopment Opportunity 29,249 sq ft (2,718 sq m) St Andrew s Court

Major City Centre Redevelopment Opportunity 29,249 sq ft (2,718 sq m) www.vickeryholman.com www.m7propsearch.co.uk St Andrew s Court St Andrew s Street, Plymouth, Devon, PL1 2AH Vacant possession available