37 Dargan Road Fortwilliam Business Park,
Property Overview
- Features
- Location
- Covenant Information
- Title
- Ground Rent
- Service Charge
- VAT
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The subject property comprises a 2-storey office building with separate own door access to the ground floor suite and the upper floors suite with parking facilities on-site.
The suites provide a range of private offices, open plan office space, reception, board room, meeting rooms, kitchen and WCs.
The offices are finished to a good standard to include suspended ceilings with recessed lighting and plaster painted walls and electric wall heaters. The upper floor has a number of air handling units.
There are 19 dedicated car parking spaces and have the benefit of shared additional spaces within the park.
This building forms part of a larger site of c. 1.5 acres known as Fortwilliam Business Park and an adjacent site of c. 0.5 acres known as 41 Dargan Road, on which an additional 4 office/industrial units are located.
These units have been previously sold by way of long leasehold, leaving residual lands common to all units within the site. These residual lands and the obligation for the ongoing maintenance of same will be included within the sale. Please note that all costs are fully recoverable from each building owner.
The subject property comprises a 2-storey office building with separate own door access to the ground floor suite and the upper floors suite with parking facilities on-site. The suites provide a range of private offices, open plan office space, reception, board room, meeting rooms, kitchen and WCs. The
- Prominent office building strategically located in close proximity to the M2 motorway via the Fortwilliam Roundabout
- Fully let on FRI terms to Everun Limited.
- Current rent of £45,000 p.a.x.
- Offices are fitted out to a high standard to include carpeted floors, suspended ceilings, recessed ligting, perimeter trunking and air handling units servicing the upper floors.
- Extending to approximately 5,657 sq.ft.
- 19 car parking spaces
- Offers in the region of £350,000 exclusive, subject to contract.
- Reflects a NIY of c. 9.22% after purchase costs of c. 3.66% and a capital value of £62 per sq.ft.
Accommodation
Accommodation
| Description | Size (M) | Size (SQ. FT) |
|---|---|---|
| Ground Floor | 233.93 | 2,518 |
| First Floor | 291.62 | 3,139 |
| TOTAL | 525.55 | 5,657 |
Tenancy Schedule
| Tenant | Rent PAX | Lease Start | Lease Expiry | Break Option | Rent Review |
|---|---|---|---|---|---|
| Everun Limited | £45,000 | 21/12/2022 | 21/12/2032 | 21/12/2025, 21/12/2029 | 5 yearly, upwards only |
| TOTAL | £45,000 | ||||
| *Annual ground rent of £11,495 is paid by the Landlord | |||||
| *The lease is on Full Repairing & Insuring Terms |
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