Key Information
- NIA: 1,544 sq ft (143.44 sq m)
- Producing a current income of £18,500 p.a.x
- Onsite parking for 5 cars
- Purchase price of £265,000, that reflects a Gross Yield of 6.98% after costs
- Located within popular business park close to M1/M69 Junction 21
- The freehold interest is available at a purchase price of £265,000, which reflects a gross yield of 6.98%.
The subject property comprises a modern two-storey office premises which is effectively open plan, but has been subdivided in part with demountable partitions to provide a number of meeting rooms, together with two kitchenettes. The specification includes a suspended ceiling with inset CAT II lighting, painted and plastered walls and carpet floor coverings. Heating is facilitated by way of electric heaters. There are WC and kitchen facilities at ground floor level. Externally, the property benefits from 5 car parking spaces.
Location
The premises form part of a larger office development, constructed during the 1990s and located on Enderby Road, Whetstone. Enderby Road provides access to the former Foxhunter roundabout which in turn provides access to the Motorway junction and Fosse Retail Park, further retailing facilities are available within the village.
VAT
VAT will be applicable to the purchase price. It is anticipated that the sale can be treated as a Transfer of Going Concern (TOGC).
Service Charge
An estate charge is levied for the maintenance and upkeep of communal areas on the estate, and is recovered proportionally between the occupiers. Further information on this, is available upon request from the agents.
Rates
Ground Floor The property is currently listed as Offices and Premises and has a rateable value of £7,100. First Floor The property is currently listed as Office and Premises and has a rateable value of £8,300. Source: VOA
Services
We understand all mains services are connected to the property.
EPC
The premises have an EPC assessment of: 79 D
Viewing
Viewings are by appointment with sole agents Innes England
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
We understand the property has a current authorised use as offices within Use Class E under the Town and Country Planning (Use Classes) (Amendments) (England) Regulations 2020.