A ground floor commercial investment comprising an office, extending to approximately 296 sq ft. The property represents an attractive investment opportunity, currently let at £7,800 per annum on a 5 year term, offering immediate rental income.
DESCRIPTION -
A ground floor commercial investment property extending to approximately 296 sq ft, offering a compact yet highly functional space suitable for a variety of business uses. The property is currently let at a rental income of £7,800 per annum, secured on a new 5 year lease. This provides immediate income from completion.
LOCATION -
The property occupies a prominent position along Staple Hill Road, a well frequently used thoroughfare within the local area. This location benefits from consistent pedestrian and vehicular traffic, providing excellent visibility and accessibility for a range of commercial uses.
TENURE -
The property is available to purchase on the residue of a 999 year lease.
LETTING DETAILS -
The tenant has just renewed their lease for a further 5 years at an annual rent of £7,800 with a tenant only break clause at the end of year 3.
BUSINESS RATES -
The Rateable Value with effect from 2026 is: £7,300. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: B
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS -
By appointment.
CONTROL OF ASBESTOS REGULATIONS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
