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Quadrant Point, Avon Road, Cannock, Staffordshire

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Quadrant Point, Avon Road, Cannock, Staffordshire TO LET Industrial/Commercial/Trade Counter BY WAY OF AN ASSIGNMENT OF LEASES OR SUBLETTING AVAILABLE BY WAY OF PROMINENTLY LOCATED MODERN INDUSTRIAL/COMMERCIAL/POTENTIAL TRADE COUNTER PREMISES AN ASSIGNMENT OR Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT SUBLETTING UNDER ■ Total Gross Internal Floor Area extending to 165,100 ft sq (15,337 m sq) arranged within five buildings EXISTING LEASES DUE ■ Total Site Area 5.2 Acres (2.1 hectares) TO RELOCATION ■ Close Proximity to Junction 11 of M6 and Junction 7 of M6 Toll Road TO LET Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT BY WAY OF AN ASSIGNMENT OF LEASES OR SUBLETTING SUMMARY ■ Prominently located modern industrial/commercial/ potential trade counter premises with Internal Eaves to the main buildings of 7 metres ■ Total Gross Internal Floor Area extending to 165,100 ft sq (15,337 m sq) arranged within five buildings on the site ■ Total Site Area 5.2 Acres (2.1 hectares) ■ Car parking area at the front of the property with 65 car parking spaces ■ Suitable for a variety of distribution and manufacturing and engineering uses ■ Close Proximity to Junction 11 of M6 and Junction 7 of M6 Toll Road ■ Current rent passing £796,956 per annum ■ AVAILABLE BY WAY OF AN ASSIGNMENT OR SUBLETTING UNDER EXISTING LEASES hallsgb.com 01743 450 700 Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT TO LET Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT BY WAY OF AN ASSIGNMENT OF LEASES OR SUBLETTING LOCATION The property is situated on the Avon Road (A4601) which links to the A460 Wolverhampton Road, approximately 0.5 miles from Cannock town centre and 1.5 miles from J11 of the M6 and T7 of the M6 Toll Motorways. The junction with the A5 Watling Street is approximately 0.5 miles distant providing a quick link through to J12 of the M6 and T7 of the M6 Toll. Nearby occupiers include ThyssenKrupp Tallent Ltd , Motorhouse Ltd, Rhenus Logistics, CAT Finning, Tarmac and DHL. Cannock railway station is approximately 41 minutes journey time from Birmingham New Street which in turn is 120 minutes from London Euston. Birmingham International Airport is easily accessed via the M6 Toll Road and is located approximately 26 miles (42 km) to the southeast of Cannock. Alternatively, East Midlands Airport is 41 miles (66 km) to the north-east. Cannock is one of the main commercial and industrial centres in Staffordshire and benefits from excellent communication links being located at the heart of the national motorway network. Cannock is located 11 miles (17 km) north-east of Wolverhampton, 15 miles (24 km) to the north-west of Birmingham, and 73 miles (117 km) south of Manchester. Cannock lies to the north of the West Midlands conurbation on the M6, M42, M54, A34 and A5 roads, and to the south of Cannock Chase. The town has excellent road communications being strategically located close to Junction 11 of the M6 motorway and junctions T7 and T8 of the M6 Toll. The A5 links Cannock to Brownhills and Tamworth and the A34, A462 and A460 provides connections to Walsall, Stafford, Rugeley and Wolverhampton. hallsgb.com 01743 450 700 TO LET Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT BY WAY OF AN ASSIGNMENT OF LEASES OR SUBLETTING DESCRIPTION Quadrant Point is an ‘L’ shaped site comprising five modern industrial buildings accessed from Avon Road. To the front of the property are car parking areas providing 65 spaces together with extensive landscaping WOLVERHAMPTON to the road frontage. 11 MILES QP1 AND QP2 - MAIN INDUSTRIAL UNITS BIRMINGHAM QP1 built in 2003 and QP2 in 2005 are modern industrial buildings with ancillary offices. Built of steel 15 MILES portal frame construction. The units have profile metal clad walls and roofs incorporating part translucent MANCHESTER roof panels. The internal eaves height is 7m with painted concrete flooring and lit by sodium lighting and 73 MILES heating via gas-fired blowers. QP1 and QP2 are connected by an electrically operated roller shutter door with QP1 having two additional roller shutter door access points to the front elevation. QP2 is accessed via two roller shutter doors to the side elevation from the existing tenant’s own manufacturing site. BIRMINGHAM Both QP1 and QP2 benefit from internal two storey office pods which also provide works WC and canteen 41M accommodation. In addition QP1 has an external glazed two storey office building located to the front of LONDON the unit and incorporates the main reception area. The offices are double glazed with air conditioning, 2H carpeted floors and suspended ceilings with recessed lighting. ARDEN HOUSE The property is an octagonal shaped two storey storage building which was previously used as an office. Specification includes wooden flooring, part suspended ceilings and WCs. AVON HOUSE BIRMINGHAM AIRPORT The property is an octagonal shaped, single storey building with extensive external glazing, fitted out to 26 MILES provide showroom accommodation together with an office, kitchen and WC. EAST MIDLANDS AIRPORT 41 MILES UNIT 1 QUADRANT POINT A trade counter unit of steel portal frame construction with part glass frontage and metal profile clad walls and roof. The property has a solid floor, suspended ceilings and eaves height of 6m. To the rear are two roller shutter doors, WCs, kitchen and first floor office and meeting room space. hallsgb.com 01743 450 700 TO LET Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT BY WAY OF AN ASSIGNMENT OF LEASES OR SUBLETTING ACCOMMODATION RATEABLE VALUE We have made non-verbal enquires to the local charging authority and we have been advised as follows: The property has been measured in accordance with the RICS Code of Measuring Practice on a Gross Internal Area basis as follows: Rateable Value 2019/2020 £ TBC SQ FT M SQ Rates Payable 2019/2020 £ TBC Unit 1 Quadrant Point 5,979 555 Avon House 1,079 100 Arden House 2,000 186 QP1 Warehouse 56,145 5,216 QP2 Warehouse 99,897 9,281 SITE The property is situated on a site with an area of approximately 5.2 acres (2.1 hectares) hallsgb.com 01743 450 700 TO LET Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT BY WAY OF AN ASSIGNMENT OF LEASES OR SUBLETTING PLANNING (Prospective tenants should make their own enquiries.) The property benefits from planning consent falling within Use Class B2 of The Town and Country Use Classes Order 1987. The property would lend itself to a number of alternative uses interested parties should make enquiries to the Local Planning Authority. The property is located in the Local Planning Authority of Cannock Chase District Council. TENURE The premises are available to let by way of an assignment of the existing leases or by way of a subletting of the whole of the property. The existing leases for the property are as follows: UNIT TENANT LEASE START LEASE EXPIRY SIZE RENT (SQ FT) (PER ANNUM) QP1 & QP2 GESTAMP TALLENT LIMITED 15/05/2005 14/10/2025 156,092 £719,450 ARDEN HOUSE GESTAMP TALLENT LIMITED 16/12/2013 14/10/2025 2,000 £13,906 AVON HOUSE AND UNIT 1 GESTAMP TALLENT LIMITED 16/07/2014 14/10/2025 7,058 £63,600 TOTAL £796,956 RENT The current rent under the occupational leases is £796,956 per annum (exclusive) Consideration will be given to the granting of subleases on terms to be agreed please contact the appointed agents for further information. hallsgb.com 01743 450 700 Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT TO LET Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT BY WAY OF AN ASSIGNMENT OF LEASES OR SUBLETTING hallsgb.com 01743 450 700 TO LET Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT BY WAY OF AN ASSIGNMENT OF LEASES OR SUBLETTING LEGAL COSTS Each party is to be responsible for their own legal costs in respect of the assignment or subletting of the leases. The incoming tenant is to be responsible for the landlords legal costs incurred in connection with granting consent to any assignment or subletting of the leases for the property. SERVICES (No services were tested at the time of our inspection) We understand all mains services are available at the property. Further information is available from letting agents upon request and the Data Room for the property. EPC QP1 C (71) QP2 C (71) Arden House E (107) Avon House C (73) Unit 1 B (34) LOCAL AUTHORITY Staffordshire County Council, 2 Staffordshire Place, Stafford ST16 2DH Telephone: 0300 111 8000 VAT The property is understood to be elected for VAT and therefore VAT will be charged in relation to the rent DATA ROOM Information is available relating to the property within the Data Room, which is available from the letting agents upon request. hallsgb.com 01743 450 700 TO LET Quadrant Point, Avon Road, Cannock, Staffordshire, WS11 1LT BY WAY OF AN ASSIGNMENT OF LEASES OR SUBLETTING VIEWING Strictly by prior arrangement with the letting agent. For more information or to arrange a viewing, please contact : James Evans 07792 222 028 E: [email protected] Ben Hughes 07795 486 267 E: [email protected] Lucy Wilde 07538 912 096 E: [email protected] Sarah Davies 01743 450700 E: [email protected] 01743 450 700 IMPORTANT NOTICE Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. to make or give any representation or warranty whatsoever in relation to the property. iv) The images show only certain parts Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agent they are, given notice that: and aspects of the property at the time they were taken/created.
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