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Office

Office For Sale Colchester

PROPERTY ID: 130482

PROPERTY TYPE

Office

STATUS

Under Offer

SIZE

674-1,348 sq.ft

Key Features

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

Property Details

A Detached Building Forming A Pair Of Semi-detached Offices With A Pitched Roof And Vaulted Ceiling. Each Office Benefits From: Self-contained Entrance, Accessible W/c, Kitchenette, Air Conditioning, Network Cabling, Florescent Lighting, Carpeting, Double Glazing, Electrical Sockets And Fire & Intruder Alarms. 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.

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About the Agent

Fenn Wright LLP

See Agent's Other Properties

Office Unit

£175,000 Freehold

4-5 Dedham Vale Business Centre,Manningtree Road, Colchester, CO7 6BL
Office - Under Offer
674-1,348 sq ft
63-125 sqm
Show phone number

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