Office for sale
Property description & features
- Tenure: Freehold
- Two Air Conditioned Offices in a Rural Countryside Setting
- Investment Opportunity Or Suits Owner Occupier
- Currently Producing An Income Of £22,000 PAX
- Two Self Contained Offices With An Interconnecting Door
- Available Together or Separately
- Heating / Cooling & Vaulted Ceilings
- Accessible WC & Kitchenette Facilities
The offices are currently interlinked internally to suit a single occupier. The current tenant has an obligation to remove the door and reinstate/make good if required.
Externally there are eight car parking spaces, four for each office, within a landscaped
ACCOMMODATION
[Approximate Net Internal Floor Areas]
Office 4: 674 sq ft [62.6 sq m] approx.
Office 5: 674 sq ft [62.6 sq m] approx.
Total: 1,348 sq ft [125.2 sq m] approx.
OPPORTUNITY
Both offices are currently let to Hawksmoor Construction Services Ltd (Experian rating 96/100 'very low risk') generating a combined income of £22,000 per annum exclusive (£11,000 pa each). The current five year leases are due to expire in February 2025.
Further information is available upon request.
TERMS
The offices are available For Sale Freehold at £175,000 plus VAT each or combined for £340,000 plus
VAT.
SERVICE CHARGE
A service charge is applicable to cover; maintenance of the estate communal areas, landscaping, lighting and car parking areas, and the septic tank. The approx. costs for the current year are: Unit 4 £1,252 plus VAT and Unit 5 £1,266 plus VAT.
This cost is recoverable from the tenant, payable in quarterly instalments.
BUSINESS RATES
We have been informed that the combined rateable value is £19,500. We estimate that the rates payable are likely to be in the region of £9,700 per annum.
Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class C(53) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request
VAT
All rents and prices are exclusive of VAT under the Finance Act 1989. Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.
LEGAL COSTS
Each party will be responsible for their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.
Property information from this agent
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Property reference 14870452FH. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Fenn Wright - Colchester Commercial Sales & Lettings.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 5, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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