Home > Auctions > 18 & 19 March 2025 18 March 2025 - 9:00am > Lot 184A

18 & 19 March 2025: Tuesday 18 March 2025 - 9:00am
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    Key features

    • Recently developed, self-contained office on the Ground floor extending to 8,576 sq ft (NIA)
    • Let to Bel Uk Limited on a new 15 year lease and to be used as their HQ
    • Bel Uk Limited have Dun & Bradstreet rating of 4A 1 – representing a minimal risk of business failure over 100% of the income stream
    • An approx. 500 metres from both Sevenoaks Railway Station and Bligh’s Meadow Shopping Centre
    • 36 car parking spaces at lower basement level, reflecting an excellent car parking ratio of 1:238 sq ft
    • EPC rating of A (19) following development in 2022.
    • Investment let at £300,000 p.a. (8.54% NIY on guide)

    Description

    The office demise extends to 8,576 sq ft (796.7 sqm) NIA over ground floor providing high quality accommodation & 58 apartments above (sold off on long leases/ Leaseholds). The office benefits from terraces to the north-west and rear extending to a total of 1,567 sq ft.

    The building is of reinforced concrete framed construction with brick lad elevations including double-glazed uPVC windows. The office has been fully fitted out and furnished forming an open plan office, meeting rooms, kitchen, print room, storeroom, server room and toilet and shower facilities.

    The property includes 36 car parking spaces in a secure underground with direct internal access to the office, reflecting a ratio on the commercial element of 1:238 sq ft.

    The property has recently undergone significant internal and M&E refurbishment, including but not limited to a new entrance area, suspended metal ceilings and fan coil units to the HVAC air conditioning system.

    EPC rating of A (19) following development in 2022.

    Additional information

    Tenure

    Leasehold

    Held long leasehold expiring 11th July 2299 at a peppercorn rent, with approximately 275 years remaining.

    Accommodation

    Open plan office extending to 8,576 sq ft (796.7 sqm) NIA over ground floor.

    The office benefits from terraces to the north-west and rear extending to a total of 1,567 sq ft.

    Tenancy

    Quinton Court

    • Let to Bel UK Limited as their HQ
    • single-let on a new 15 year lease from 2024 (Reversion 2039)
    • 5 yearly rent reviews (Upwards Only)
    • Tenant break option 2034
    • Investment let at £300,000 p.a. (£34.98 per sq ft).
    • Income secured for 10 years term certain from lease commencement.
    • Bel UK Limited has a Dun & Bradstreet rating of 4A 1 – representing a minimal risk of business failure over 100% of the income stream.

    Bel operates as a global player in nutritious snacking and is a specialist in single serving cheese portions. The Group has six core brands – The Laughing Cow ®, Mini Babybel®, Kiri®, Boursin®, Go GosqueeZ® and Nurishh® distributed across five continents, as well as more than 25 local brands trusted by over 400 million consumers. Bel brands are ranked number 1 in 25 countries across the world. The company was established in 1865 in France, and currently employs 10,902 individuals worldwide.


    Rent

    £300,000 p.a.

    Notes

    Bidding Process

    Offers will be requested in excess of the guide price before 27th February 2025 auction. Timescales for offers to be confirmed.


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must reply upon their own

    enquiries prior to bidding. Please refer to the legal pack.

    We have been advised that there is VAT on the sale price; however the sale can potential be treated as a TOGC (Please refer to the legal pack)

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        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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        Local information

        The property is situated on London Road, less than 500 meters from both Sevenoaks Railway Station and Bligh’s Meadow Shopping Centre including occupiers Marks & Spencer, Holland and Barrett and Gail’s. The property is within a 15 minute walk from Knole Park which comprises over 1000 acres of parkland within the Kent Downs Area of Outstanding Natural Beauty.

        Sevenoaks is a desirable commuter town located 26 miles southeast of Central London. It offers excellent connectivity, with the M25 motorway accessible via Junction 5 in under 10 minutes of Quinton Court.

        This strategic location provides direct routes to Gatwick International Airport (23 miles southwest) and the M3 (37miles west). The town lies adjacent to the M26, with direct links to the M20, and Eurostar terminals in Ashford, as well as the Port of Dover.

        Sevenoaks is set to benefit from approximately £2.8million within the next three years under the Community Investment Plan set out by Sevenoaks Town Council. Capital will be dispensed towards improving the local environment and public realm and will offer an enhanced environment for those who live, work and visit.

        Transport

        Approximately 500 metres from both Sevenoaks Railway Station.

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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