Detached Attractive Building
Roadside Location
0.54 Acre Plot
Building 8,716 sq ft NIA
Freehold
Investment Potential
ERV at Full Occupancy Estimated at £100,000
Refurbished Rooms Ready to Occupy or Let
EPC = C
Guide Price £850,000 + VAT
FOR SALE FREEHOLD - A landmark roadside office building situated in a prominent position on the outskirts of Alcester, Warwickshire occupying a plot of 0.54 acres. The building is set over three floors and is partly tenanted giving rental income of £67,676 per annum and the opportunity for an owner occupier to use the balance of the space or let out further office rooms as required. The office may also be of interest to investors seeking reversionary investment opportunities with estimated rental income at full occupancy in excess of £100,000 per annum. Guide Price £850,000 + VAT.
Turnpike Office Building is a detached modern office set over three floors with a central staircase and lift facility. On the ground floor are four office suites, two of which are let out on occupational leases. There is a female WC, janitors cupboard, plant room, disabled WC and common hallway leading to the lift and staircase.
On the first floor are five suites, four of which are let out with one vacant suite. There is also a WC facility and two kitchens on either side of the main lift shaft. On the second floor is a suite of offices let out to one occupier who have been in occupation for many years. Externally there is a generous car park with 54 parking spaces, landscaped borders and mature trees. All the common external and internal areas are maintained by the comprehensive service charge which is independently managed by a firm of Chartered Surveyors.
Investment Potential - With the building at full occupancy the potential rental income is estimated in excess of £100,000 per annum.
IMPORTANT NOTICE FROM WESTBRIDGE COMMERCIAL
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.