Office for sale
Property description & features
- Tenure: Freehold
- Town centre office investment
- LED lighting
- Air conditioning
- 4 car parking spaces
- Kitchenette facilities
- Gas fired central heating
The accommodation benefits from:
LED lighting
Air conditioning
Suspended ceilings
Kitchenette facilities
Gas fired central heating
4 car parking spaces
Telephone Entry System
LOCATION
The property occupies a prominent position on The Causeway (A1250), which forms the principal accessway into Bishop's Stortford.
Bishop's Stortford is situated approximately 30 miles north east of London and 26 miles south of Cambridge and is the closest town to Stansted Airport being 5 miles to the east.
Bishop's Stortford train station is approximately 0.3 miles to the southeast of the property and provides a frequent service to London Liverpool Street with journey times from approximately 38 minutes. A regular service is also provided to Cambridge with journey times from approximately 29 minutes.
Adjacent to the property is the Jackson Square shopping centre which is anchored by Sainsbury's with other occupiers to include Pret, Nando's and H&M. The centre also provides pay and display car parking.
ACCOMMODATION
[approx. net internal areas]
Ground Floor Office: 747 sq ft [69.42 sq m]
First Floor: 1,116 sq ft [103.68 sq m]
Second Floor: 852 sq ft [79.11 sq m]
Total: 2,715 sq ft [252.21 sq m]
TENANCY
The ground and first floor are let to Scendea Limited (08639168) which was incorporated in August 2013 and as at 30th June 2023 reported a total net worth of approximately £350,000 and is classified by Experian Business Express as 'Very Low Risk'.
The Lease is for a term of 5 years from 24th March 2022 on an internal repairing basis limited by way of a schedule of condition and the Tenant is to contribute towards a service charge. The annual rent is £33,900 per annum subject to an upwards only rent review to open market rent on 1st April 2024.
LOCAL AUTHORITY
East Herts District Council
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ENERGY PERFORMANCE CERTIFICATE
D - 78.
PLANNING
We understand that the property has longstanding Class E Office Use.
BUSINESS RATES
Please refer to the marketing particulars.
SERVICES
We understand the property is connected to mains water, drainage, gas and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.
SERVICE CHARGE
Tbc.
TITLE
Freehold under the registered title number: HD207841
A copy of the title is available upon request.
TERMS
The freehold interest in 20 The Causeway subject to the occupational lease is for sale by way of private treaty at a guide price of £600,000 plus VAT.
VAT
We understand that the property is elected to VAT.
LEGAL COSTS
Each party to bear their own legal and professional costs incurred.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identify prior to the instruction of solicitors.
Property information from this agent
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*DISCLAIMER
Property reference 14870553FH. 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 - Witham & Chelmsford Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
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
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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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