FOR SALE – FREEHOLD OFFICE & WAREHOUSE INVESTMENT
• Modern, air conditioned, part vacant offices—suitable for owner
• Ground Floor offices and Warehouse LET
• First Floor Open Plan Offices To Let 4,270 sq ft
• Also suitable for subdivision or for a new serviced office business
• 21 car parking spaces (Some let)
• Producing an income of £92,000 PAX + VAT
• INVESTMENT FOR SALE GUIDE PRICE £1,100,000 + Vat
LOCATION: Stowmarket is a busy market town adjoining the A14 between Ipswich and Bury St Edmunds. Stowmarket Railway Station is on the Norwich to London main line and provides a service to Liverpool Street with a journey time of approximately 1 hour 40 minutes. The property is located on the southern side of Creeting Road on the Tomo Industrial Estate which is located east of Stowmarket town centre.
DESCRIPTION: The property comprises a part vacant, modern, two storey, self contained office building with a self
contained 3 bay warehouse to the rear, which has been let. There is ample on site car parking. The office accommodation
comprises a variety of partitioned and open plan office circulation areas with ancillary storage, kitchens, Disabled and male
and female WCs and a shower room. The accommodation is mostly air conditioned and provides attractive and flexible
office accommodation with a full I.T network and excellent broadband capabilities.
ACCOMMODATION: The overall property provides the following approximate accommodation measured on net and
gross internal basis:
First Floor Offices—Vacant (NIA) 4,270 sq ft (396.6 sqm)
Stores / reception / office / server 3,903 sq ft (362.6 sqm)
Offices Sub-Total 8,173 sq ft (759.2 sqm)
Warehouse Area—Let (GIA) 24,304 sq ft (2,257 sqm)
2 separate storage areas each comprising 567 sq ft (52.70 sqm)
Warehouse Sub-Total 24,871 sq ft (2310.50 sqm)
Grand Total 25,630 sq ft (2,381 sqm)
The property occupies an overall site area of 0.467 hectares. (1.15 acres) and includes an additional car parking area.
PLANNING: The offices have planning permission for uses within Class B1 of the 1987 Use Classes Order, whilst the
warehouse has planning within Class B8. The first floor may suit alternative uses, subject to planning.
BUSINESS RATES: The property was assessed as follows:- Offices & Premises RV £42,500. This assessment is being
split between ground and first floors.
TENANCIES: The warehouse is let to Monumart Ltd for a term of 10 years from 8th August 2016 at a rental of £70,000
p.a exclusive plus Vat subject to a break clause and rent review at the 5th year. A rent deposit is held; further information
available on request. The entire ground floor is let to Juuce Ltd on a 5 year FRI lease outside the Act with a 3 year break
clause from 10th April 2018 at a rental of £22,000 p.a. A rent deposit is held. The entire property is therefore producing
£92,000 p.a plus Vat with potential for this to increase to £110,000 p.a plus Vat as and when the first floor is let.
TENURE: The overall property is held on a freehold tenure. There is a site security charge payable. Further details on
PROPOSAL: Offers invited in the region of £1,100,000 plus Vat for the benefit of this part vacant, freehold investment,
which is also ideally suited for owner occupation. This represents an attractive capital value of around £463 per sqm.
(£43 per sq ft) overall. Alternatively the first floor open plan offices are available to let on terms to be negotiated at a commencing rental of £20,000 Pax + Vat. Further information on request.
VIEWING: Strictly by prior appointment through Beane Wass & Box.
Tel: (01473) 212656 or E-Mail: email@example.com
CONTACT: Richard Bertram
SUBJECT TO CONTRACT