Office for sale

Solution House forms an end of terrace four storey office building fronting Dane Street, understood to have been constructed in the 1980s as part of the redevelopment of the match factory site.

The property is located behind a mature tree line. Internally the accommodation is of a cellular configuration. There is allocated parking adjacent to the property for 4 cars and could be increased through double parking.

The accommodation benefits from:
Comfort cooling
Surface mounted lighting
Gas fired central heating
Kitchenette facilities
4 car parking spaces

ACCOMMODATION
[approx. net internal areas]
Ground Floor: 355 sq ft [33.01 sq m]
First Floor: 425 sq ft [39.45 sq m]
Second Floor: 415 sq ft [38.58 sq m]
Third Floor: 355 sq ft [32.95 sq m]
Total: 1,550 sq ft [143.98 sq m]

TENANCY
There are 8 office suites in the building, of which 3 are occupied under licence agreements. We understand that the licence agreements can be terminated by either party on 2 months' notice.
We understand that the total income under the licence agreements is £22,800 per annum exclusive of utilities and rates.

LOCAL AUTHORITY
East Herts District Council
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ENERGY PERFORMANCE CERTIFICATE
Tbc.

PLANNING
We understand that the property has longstanding Class E Office Use.

BUSINESS RATES
The property is entered into the Valuation Office Agency Rating List as follows:

Solution House
Rateable Value: £23,250
Approx. Rates Payable (2024/25): £11,601.75

Car Parking for Solution House
Ratable Value: £2,400
Approx. Rates Payable (2024/25): £1,200

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: HD201618
A copy of the title is available upon request.

TERMS
The freehold interest in Solution House, 47 Dane Street subject to the existing tenancy agreements is for sale by way of private treaty and offers are invited in the region of £450,000.

VAT
We understand that the property is not 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 purchaser's identity prior to the instruction of solicitors.