1 Ash Court - PRICE REDUCED

Overview

FOR SALE
1 Ash Court, Parc Menai, Bangor
Total of 2,200 sq ft
10 allocated car spaces
Provides 3 lettable suites + kitchen + WCS
Suite A (1,000 sq ft) - Vacant - 6 car spaces
Suite B (600 sq ft) - Vacant - 2 car spaces
Suite C (600 sq ft) let to Kimberley Gulf Ltd - 9 yrs from 1 Dec 2021 with breaks every 3 years - 2 car spaces

Total income when fully let = £26,400 pa

WC's and kitchen are shared.
High speed internet via "Fibrespeed" is available

Estate Charge c £4,000 pa (Not fixed) payable by landlord for estate management services

Each suite qualifies for small business rates relief

Purchase is of the long lease to expire Feb 2254 for sale
Copy of long lease available upon request

Ideal SIPP purchase
Well presented space
VAT is payable
Sale anticipated to be by way of TOGC

Features

• Office investment for sale - Also would site owner occupier
• 2,200 sq ft at £220,000
• Passing rent = £14,400 per annum
• Total rent when fully let = £26,400
• Each suite qualifies for small business rate relief

Location

Ash Court is located on the prestigious Parc Menai business park opposite the junction of Ffordd Y Llyn and Ffordd Gelli Morgan. Parc Menai is set in mature parkland of 75 acres (30 hectares) and is strategically located adjacent to the junction of the A487 (T) with junction 9 of the A55. The nearby university city of Bangor has a population of approximately 19,000* and 2 higher education institutions. With a well educated population in the travel to work area there is ready access to a wide range of skills. Parc Menai features a number of useful facilities, including a creche and the Parc Britannia hotel and restaurant. Further information is available at www.parcmenai.com