Freehold office investment
The property comprises a self-contained detached 2 storey office building of steel frame construction with brick elevations under a pitched tiled roof. The property has a substantial plot of 1.57 acres and a 15% development density. We feel it may be possible to add additional development on the site (subject to planning).
The property benefits from the following features:
* Mitsubishi VRF cooling/heating system replaced 2019
* Open plan layout with central core capable of easy sub division
* Full accessed raised floors and suspended ceiling
* Reception/waiting area
* 8 person passenger lift
* Kitchenette and WC to each floor
* 64 parking spaces
Strictly by appointment with the sole agents.
The freehold interest of the property is available, with offers sought in the region of £1.825m. A purchase at this level will reflect an initial yield of 7.3% including purchasers costs. The property is subject to an estate charge provision which is recoverable from the tenant.