Property Overview

  • Size:
    17,832 sq ft / 1,657 sq m
  • Usage:
    C2
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Offices
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

Supporting Documents

General Summary

 
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INCOME PRODUCING INVESTMENT OPPORTUNITY

The property comprises a detached, modern two storey office building situated adjacent to the A449 trunk road at Ross on Wye, Herefordshire. It is currently producing a gross income of £191,010 per annum and benefits from the following features:
Spacious communal reception areas
High quality WC & kitchen facilities
Excellent levels of natural lighting
Gas central heating
Part air conditioned - communal server room and some installed by tenants.
Open plan flexible working areas
Flexibility to partition accommodation to suit occupiers needs
CCTV and other security
Gated access

Externally the property sits within a self-contained plot with its own discrete access off a shared service road directly from the A449.
There is a large, surfaced car park adjacent with additional overspill available.

INVESTMENT CONSIDERATIONS

Modern office building with flexible open plan working areas

58 dedicated parking spaces plus overspill of a further 40 spaces

Well located freehold adjacent to the M50/ A449 dual carriage way

£191,010 passing rent pa with reversionary potential

£---.--- pa - estimated rental value, allowing for uplift after vacant areas are let and rent review settled

Low capital value - £140 per sqft

Offers are invited in the region of £2,500,000.

This provides an investor with a net initial yield of 7.19% allowing for purchaser's cost based upon 6.28% rising to a gross yield of 8.56% when fully let and upon reversion.

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