- Additional Information
- Share This Property
- Personal Notes
- Fully let off ice investment opportunity
- Comprises 4,545 sq.ft. over 2 no. floors.
- Let to ASM Financial Planning Ltd. for 10 years.
- Lease guaranteed by Fairstone Capital Investment
- Net rental income of £29,000 p.a.x
- 18 carpark spaces.
- Ground rent payable by the Tenant.
- Asking Price £320,000. This reflects an attractive net inital yield of 8.8% assuming purchasers' costs of 3.52%.
The subject property is a two storey office block with 18 no. dedicated car parking spaces. The unit is of steel frame construction with brick/blockwork walls and a metal clad roof.
Internally the unit is finished to a high standard to include; raised accessed flooring, carpet flooring, plaster painted walls and suspended ceiling with recessed strip lighting. The heating is a combination of gas heating and an air conditioning heating / cooling system.
The property is held by way of a long leasehold title, for a term of
125 years from 2001. The ground rent is reviewed every 5 years,
with the last rent review completed in 2016.
The ground rent liability is currently £11,034 per annum and is
payable by the tenant.
Share this property
Add a personal note about this property
You can add your own personal notes about this property.
You can view all your notes by going to My PropertyPal.com.
You can remove this note at any time.
Notes can only be seen by you and any pals you have added, they cannot be viewed by the vendor or estate agent.
Are you selling this property?
Promote your listing on PropertyPal to get more exposure and put your property in front of the right people.
Not your property? Click here to search for your property.
Option 1: Featured Listing
Get one boost to the top of the search results every week for the duration of your order.
Additionally, your property appears as featured at the top of the search results on selected dates and locations.
Option 2: Premier Listing
Get an automatic boost to the top of the search results every week for the next 4 weeks.
Additionally, your property appears as enhanced with extra photos and a description for the lifetime of your listing.
Spotted a Problem? Even the best agents make mistakes, help us to maintain accurate property information on our listings. Report a problem »