MODERN OFFICE INVESTMENT FOR SALE
MODERN OFFICE INVESTMENT FOR SALE UNIT 5, THE PENTANGLE, PARK STREET NEWBURY, BERKSHIRE, RG14 1EU 2,176 SQ FT (202.22 SQ M)
TOWN CENTRE LOCATION – LET TO CASTLE MICROWAVE FOR 15 YEARS FROM JUNE 2010
SITUATION The property is situated within Newbury Town Centre opposite the new Parkway Shopping development. DESCRIPTION Unit 5 The Pentangle comprises a detached self contained building constructed in the mid 1980's. The property is constructed over ground and first floor. The building is of brick construction with a pitched slate roof. Internally the building has gas fired central heating, suspended ceilings and under floor trunking. The offices are open plan with good natural light; parking is included for 8 cars. ACCOMMODATION
Total
Sq. M. 202.16
TENANT Castle Microwave Ltd are a strong local company that deal with the sale of electronic components. For the year ended 31st March 2009 turnover was £4.2m with gross profit of £1.2m.
Sq. Ft 2,176
ENERGY PERFORMANCE CERTIFICATE
LEASE Castle Microwave Ltd hold the property on a 15 year lease from 21st June 2010. There is a tenant only break at June 2020. The passing rent is £37,250 per annum exclusive. PROPOSAL The property is available to purchase freehold; the price sought is £585,000 (Five Hundred and Eighty Five Thousand Pounds) A purchase at this level will show a return of 6.02%. VAT is applicable. LEGAL COSTS Each party is to bear their own costs.
VIEWING Contact Shane Prater, Direct Tel: 01635262510, Email: [email protected]
TOWN CENTRE LOCATION – LET TO CASTLE MICROWAVE FOR 15 YEARS FROM JUNE 2010
SITUATION The property is situated within Newbury Town Centre opposite the new Parkway Shopping development. DESCRIPTION Unit 5 The Pentangle comprises a detached self contained building constructed in the mid 1980's. The property is constructed over ground and first floor. The building is of brick construction with a pitched slate roof. Internally the building has gas fired central heating, suspended ceilings and under floor trunking. The offices are open plan with good natural light; parking is included for 8 cars. ACCOMMODATION
Total
Sq. M. 202.16
TENANT Castle Microwave Ltd are a strong local company that deal with the sale of electronic components. For the year ended 31st March 2009 turnover was £4.2m with gross profit of £1.2m.
Sq. Ft 2,176
ENERGY PERFORMANCE CERTIFICATE
LEASE Castle Microwave Ltd hold the property on a 15 year lease from 21st June 2010. There is a tenant only break at June 2020. The passing rent is £37,250 per annum exclusive. PROPOSAL The property is available to purchase freehold; the price sought is £585,000 (Five Hundred and Eighty Five Thousand Pounds) A purchase at this level will show a return of 6.02%. VAT is applicable. LEGAL COSTS Each party is to bear their own costs.
VIEWING Contact Shane Prater, Direct Tel: 01635262510, Email: [email protected]
