FREEHOLD OFFICE & WAREHOUSE INVESTMENT FOR SALE
• Modern, vacant offices suitable for owner occupation
• Estimated Rental Value £37,500 per annum
• Also suitable for subdivision or as a serviced office business. Part air conditioned.
• 21 car parking spaces
• Producing an income of £70,000 PAX + VAT
• INVESTMENT FOR SALE
• GUIDE PRICE £1,100,000
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 floor areas:
First floor offices 4,270 sq ft 396.6 (sqm)
Ground floor stores /
reception / office / server 3,903 sq ft 362.6 ( sqm)
Offices Sub-Total 8,173 sq ft (759.2 sqm)
Total 24,304 sq ft (2,257 sqm)
Let Warehouse (GIA)
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)
PLANNING: The offices have planning permission for uses within Class B1 of the 1987 Use Classes Order, whilst the warehouse has planning as a warehouse within Class B8.
BUSINESS RATES: The property is assessed as follows:- Offices & Premises RV £42,500. Rates payable for the offfices 2016/17 £21,122.50
TENANCY: The entire 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.
TENURE: The overall property is held on a freehold tenure. There is a site security charge payable. Further details on application.
PROPOSAL: Offers invited in the region of £1,100,000 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 office building is available to let on terms to be negotiated at a commencing rental of £37,500 Pax + Vat. Further information on request.
VIEWING: Strictly by prior appointment through Beane Wass & Box on
Tel: (01473) 212656 or E-Mail: firstname.lastname@example.org
CONTACT: Richard Bertram
SUBJECT TO CONTRACT