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More about this property

8.1% Gross Yield

Sale & Lease Back

New 5 Year Lease with 3 Year Break

£27,188 per annum + VAT

£335,000 + VAT

Long Leasehold with Option to Purchase Freehold

Modern Office Building

Allocated Parking

Private Estate

3 Min Walk to Stratford Parkway

** INVESTMENT OPPORTUNITY PRODUCING 8.1% GROSS YEILD ** A modern office building to be let on a new lease at a rent of £27,188 per annum on a 5 year lease with a 3 year break clause. Located just a five minute walk from Stratford Parkway Station and 8 miles from junction 15 of the M40. £335,000 + VAT.

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Office 11 was originally is own self contained office but the previous owners knocked through from office 12 next door to create one open plan space ground and first floor space. The current owners are looking to return the building back to its original configuration (at their costs) and give a sale and lease back on office 11. On completion of the sale a new lease will simultaneously start for a term of 5 years at a rent of £27,188 per annum + VAT. The lease will be based on standard commercial full repairing and insuring terms and will contain a three year mutual break clause having given 6 months prior written notice. A full Credit Safe company report is available on the proposed tenant which gives a international credit score of A and a contract limit of £75,000 with a net worth of £559,769 for accounts year ending 2023.

The building itself is a modern construction built in 2008, in recent times the building has been upgraded with new air conditioning units and LED lights.

The accommodation is laid out as follows: Ground floor entrance door leads to a corridor with disabled access toilet, electrical cupboard and a door leading to the ground floor office or first floor via the stairs. The ground floor office is open plan with eight windows giving plenty of natural light into the space. The ceilings are suspended ceilings tiles with LED lights set within them, the floors are carpeted floor tiles and there is a kitchen facility as well as a separate room with sink currently used as a storage cupboard.
On the first floor there is a toilet at the top of the stairs as a store room next door to it which could be converted into a kitchen/breakout room given its proximity to the toilets plumbing next door. There is a large board room/meeting room with four windows and infrastructure for a large LCD display screen. The main office space is open plan featuring five windows, carpet tiles, suspended ceiling tiles and LED panels in the ceiling.

The property is long leasehold but the Freeholder has indicated they would sell the Freehold interest should any purchaser be interested.

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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.

Westbridge Commercial Ltd
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Letting Fee Information

The asking rent does not include letting fees. Our standard administration fee (which covers general administration and preparation of paperwork) is £xxx (£xxx+VAT). A security deposit, usually equivalent to six weeks rent, is also payable.

Depending on your circumstances and the property you select, one or more of the following may also be charged to you upfront;

Fees may be charged on a per person or per property basis, please call us on 01789 415628