Property Overview
- Features
- Location
- Tenancy Details
- Guarantor
- Asking Price
- VAT
- Stamp Duty
- Further Information / Viewing
The subject property is a two storey office block with 18 no. dedicated car parking spaces. The unit is of steel frame construction with brick/blockwork walls and a metal clad roof.
Internally the unit is finished to a high standard to include; raised accessed flooring, carpet flooring, plaster painted walls and suspended ceiling with recessed strip lighting. The heating is a combination of gas heating and an air conditioning heating / cooling system.
Title
The property is held by way of a long leasehold title, for a term of
125 years from 2001. The ground rent is reviewed every 5 years,
with the last rent review completed in 2016.
The ground rent liability is currently £11,034 per annum and is
payable by the tenant.
The subject property is a two storey office block with 18 no. dedicated car parking spaces. The unit is of steel frame construction with brick/blockwork walls and a metal clad roof. Internally the unit is finished to a high standard to include; raised accessed flooring, carpet flooring, plaster painted
- Fully let off ice investment opportunity
- Comprises 4,545 sq.ft. over 2 no. floors.
- Let to ASM Financial Planning Ltd. for 10 years.
- Lease guaranteed by Fairstone Capital Investment
- Net rental income of £29,000 p.a.x
- 18 carpark spaces.
- Ground rent payable by the Tenant.
- Asking Price £320,000. This reflects an attractive net inital yield of 8.8% assuming purchasers' costs of 3.52%.
Accommodation
| Unit | Square Foot | Square Metres |
|---|---|---|
| Ground Floor | 2,185 | 203 |
| First Floor | 2,360 | 219 |
| Total | 4,545 sq. ft | 422 sq. m |
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