Property photos
Just added
£2,000,000
(£80.87/sq. ft)
Office for sale
Kelsall House, Stafford Court, Telford, Shropshire TF324,732 sq. ft
Local area information
Property location
Nearby amenities
- Telford Central 0.3 miles
- Hollinswood Primary School 0.5 miles
- Priorslee Academy 0.6 miles
- Oakengates 1.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Modern detached office building to 24,732 sq ft over 3 floors
- Large site of 1.15 ac including secure car park
- Current passing rent £205,000 pa with rent review 12 March 2030
The property comprises a detached, self-contained 'Pavillon' style office building, which is arranged over three floors consisting of 24,732 square feet. It sits on a plot of circa 1.16 acres incorporating landscaped areas around the perimeter and 77 private car parking spaces.
The building was constructed in 1989 and has external brick walls with a reinforced concrete frame, concrete floors, and is surmounted by a pitched blue-coated, profile metal decked roof. It has two main entrances, which are approached by brick herringbone paving leading to two aluminium framed full height double glazed doors. Each entrance provides access to all levels of the building and there are additional ground floor access/exit points to either end, which also afford access to the rear car park.
Internally, the office areas are predominantly open plan with individual offices and meeting rooms, having fitted carpets throughout with perimeter and grid floor trunking and suspended ceilings incorporating lighting. The building benefits from kitchen/canteen facilities as well as male, female and disabled WC's within the core areas. Each floor is served by both internal staircases and a passenger lift.
Tenancy: The property is let to Reconomy UK Limited (Company No: 02951661) on a new Fri lease for 10 years expiring March 2035. The current passing rent is £205,000 per annum with an upward only rent review on 13 March 2030.
Location
The property is situated on Stafford Park, one of Telford's principal commercial hubs, which lies just off the A442 Eastern Primary distributor road giving easy access to Junction 5 of the M54 motorway approximately 1 mile distant, which in turn links with the national motorway network. The subject property also benefits from being 0.5 miles (10 mins walk) from Telford Central train station.
Kelsall House benefits from an elevated position on the edge of Stafford Court on Stafford Park 1. Nearby office occupiers include Virgin Balloon Flights and Royal Bank of Scotland. The area is also home to a number of high-tech businesses, professional firms including lawyers, accountants and surveyors, and car dealerships.
Planning
Interested parties are advised to make their own enquiries with the Local Planning Authority.
Tenure
The freehold investment is offered for sale with the benefit of a longstanding tenant who has occupied the property since 2015 and who represents an excellent covenant with an attractive WAULT of 5 years. We are instructed to seek offers of £2 million, which reflects a Net Initial Yield of 9.64% with a very low capital value of £80 psf.
Local Authority
Telford & Wrekin Council, Darby House, Lawn Central, Telford, TF3 4JA - Tel:
Rateable value
According to the Valuation Office Agency website, the rateable value of the property in the 2023 Rating List is £158,000.
Energy Performance Certificate
The property has an Energy Rating of B.
The building was constructed in 1989 and has external brick walls with a reinforced concrete frame, concrete floors, and is surmounted by a pitched blue-coated, profile metal decked roof. It has two main entrances, which are approached by brick herringbone paving leading to two aluminium framed full height double glazed doors. Each entrance provides access to all levels of the building and there are additional ground floor access/exit points to either end, which also afford access to the rear car park.
Internally, the office areas are predominantly open plan with individual offices and meeting rooms, having fitted carpets throughout with perimeter and grid floor trunking and suspended ceilings incorporating lighting. The building benefits from kitchen/canteen facilities as well as male, female and disabled WC's within the core areas. Each floor is served by both internal staircases and a passenger lift.
Tenancy: The property is let to Reconomy UK Limited (Company No: 02951661) on a new Fri lease for 10 years expiring March 2035. The current passing rent is £205,000 per annum with an upward only rent review on 13 March 2030.
Location
The property is situated on Stafford Park, one of Telford's principal commercial hubs, which lies just off the A442 Eastern Primary distributor road giving easy access to Junction 5 of the M54 motorway approximately 1 mile distant, which in turn links with the national motorway network. The subject property also benefits from being 0.5 miles (10 mins walk) from Telford Central train station.
Kelsall House benefits from an elevated position on the edge of Stafford Court on Stafford Park 1. Nearby office occupiers include Virgin Balloon Flights and Royal Bank of Scotland. The area is also home to a number of high-tech businesses, professional firms including lawyers, accountants and surveyors, and car dealerships.
Planning
Interested parties are advised to make their own enquiries with the Local Planning Authority.
Tenure
The freehold investment is offered for sale with the benefit of a longstanding tenant who has occupied the property since 2015 and who represents an excellent covenant with an attractive WAULT of 5 years. We are instructed to seek offers of £2 million, which reflects a Net Initial Yield of 9.64% with a very low capital value of £80 psf.
Local Authority
Telford & Wrekin Council, Darby House, Lawn Central, Telford, TF3 4JA - Tel:
Rateable value
According to the Valuation Office Agency website, the rateable value of the property in the 2023 Rating List is £158,000.
Energy Performance Certificate
The property has an Energy Rating of B.
More information
Listed by
Andrew Dixon and Co
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