Serviced office and warehouse accommodation - high quality and modern
Ample on-site car parking
Mixed tenants
Potential for development (subject to planning)
Semi rural position
Delightful outlook
Description:
The premises are located along Sandy Cross Lane, a semi-rural position yet are close to Heathfield Town Centre and comprise a series of office suites in a converted character building together with warehouse accommodation in a further building. There is ample private car parking provided on site. Tenants include financial services, solicitors, insurance brokers and letting agents.
The premises comprise of one unit incorporating 17 individual offices over ground and first floor with shared kitchen and separate male and female cloakroom facilities. There is a further warehouse on site that has been split to provide 2 units of warehouse accommodation with offices each with access doors either end of the building. The landlords supply telephone handsets to tenants together with office furniture providing for quick set up for tenants. Tenants are charged rent plus a service charge for use of the services provided. Electricity and phones charged separately based on usage. Tenancy agreements available from one year.
The office suite has a gross internal area between the floors of 652.0 sq m (7018 sq ft) plus warehouse 154.5 sq m (1663 sq ft) providing a gross total internal area for both buildings of 806.5 sq m (8681 sq ft)
The site currently generates £64,870.60 in rental income plus service charge. A single office and part warehouse are currently vacant but if occupied would generate a further £9,667.00 of rental income. Total actual and anticipated rental income £74,537.60, total service charge income £43,090 which includes management and administration costs of £23,500. A full list of tenants and terms is available to seriously interested purchasers on request.
The site is offered for sale freehold, subject to the current tenancies. Offers sought in the region of £995,000 equating to a return of 7.49% before purchasers costs. It is considered there is development potential to convert the current buildings to residential use together with additional residential development in the adjoining field, subject to obtaining any necessary consents and thus enhancing the value of the site. If a purchaser were successful in increasing the site value by this it means there will be an overage provision for a fixed period of time from the date of purchase. Further details available on request. There is an adjacent field of over 4 acres available by separate negotiation.
Based on the postcode, Ofcom indicate that the fastest available broadband speed is:
Download1000Mb/s
Upload1000Mb/s
Note: This information is given as a guide only and without liability. Speeds are not guaranteed. The provision of a Broadband connection is not included in any property unless specifically stated. Applicants should verify available speeds with their chosen supplier.
