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Centrum Point , Third Avenue, Centrum 100, Burton upon Trent, DE14 2WD

19,661 Sq Ft / Offices

Withdrawn - Last updated: 03 February 2020

Substantial and well let commercial investment for sale.

Location

Centrum Points stands in a prominent location fronting the roundabout junction of Parkway and Third Avenue within Centrum 100, Burton’s prime business location

Accommodation

Centrum Point is a unique building, purpose designed to provide high specification offices in both cellular and open plan formats. The building stands within a landscaped site with generous car parking provision.

In addition to the original office building, there is an extremely high quality adjacent warehouse within the same site, but with independent loading access.

Office Section - 1,269 sq.m. (13,661 sq.ft.) approximately
Warehouse - 557.4 sq.m. ( 6,000 sq.ft.) approximately

Total - 1,826.5 sq.m (19,661 sq.ft.) approximately
 

Sale Proposal

Centrum Point provides the rare opportunity to acquire a prestige landmark building let to a PLC covenant with an unbroken term in excess of eleven years and guaranteed substantial uplifts throughout the term.

In addition to the long term investment, there is current income from the warehouse and the opportunity in the future to further enhance the investment by carrying out the office development scheme.

Terms

The property is held under a 999 ground lease from the 15th January 1997 at a peppercorn rent.


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