Fully Let multi-occupied office investment – passing rent £68,310 per annum exclusive
Prestigious Barn Style Office Modern High Specification Detached Office Premises
21 Parking Spaces (1:207 sq ft approx)
Excellent A12 Access
EPC Rating C75.
GUIDE PRICE: £825,000 S.T.C
Threshelfords Business Park, is an established office development comprising a range of individually designed detached office buildings, built in 2007 and set in a well tendered and mature parkland setting with countryside views.
The Threshelfords Business Park benefits from excellent access to the A12, situated mid-way between Chelmsford and Colchester with both being within 15 miles of the A12 junction at Kelvedon and is only 0.66 miles from the Kelvedon train station providing fast access to London Liverpool Street. Occupiers include Inntel, Arthur J Gallagher, Environment Agency, Focus Integrated, RCCE.
The premises are one of seven modern traditionally built substantial detached office buildings on the established and well-renowned Threshelfords Business Park estate.
Granville House has been sub-divided into 6 office suites and let as a multi-occupied business center. The offices completed to a high specification benefit from aluminum double-glazed windows, suspended ceilings with recessed lighting, carpeting, gas-fired central heating, communal hall entry with lift access, kitchenette and disabled WC facilities, shower room, air conditioning, extensive power, telecoms and CAT5E data points throughout.
Suite NIA sq.ft Tenant Lease expiry Rent PAX Service Charge Parking Spaces
Suite 1 1122 NFU MUTUAL INSURANCE LTD 14/12/2020 £16,000 £5,750.04 4
Suite 2 Office 1 286 WISDOM DESIGN LTD 31/07/2019 £5,150 £1,433.47 3
Suite 2 Office 2 200 MEDIAVITA LIMITED 31/08/2018
(holding over) £3,600 £1,002.36 2
Suite 2 Office 3 592 ONE PENSION CONSULTANCY LTD 17/09/2020 £10,560 £2,963.91 2
FF Suite 3 Office 4 1282 GREYREAD LTD 10-years from completion with a tenants only 5-year break and upwards only rent review. £22,500 £6,418.26 7
FF Suite 3 Office 5 690 AGE CONCERN 28/02/2021 £10,500 £3,454.50 3
21 onsite parking spaces
Mains water, drainage, electricity and gas are
all connected to the property.
We are instructed to seek offers of £825,000 plus vat subject to contract
999 year Long Leasehold interest from 2006 (virtual freehold) subject to the above tenancies producing a Net Rent of £68,310 plus vat per annum plus service charge.
A purchase of £825,000 would reflect a Gross Initial yield of 8.28% and a net initial yield of 7.87% assuming purchase costs of 5.25%.
Interested parties are advised to make direct enquiries with Braintree District Council Business Rates.
All rents and prices stated are subject to Value Added Tax.
Each party to bear their own legal costs.