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) - Let to Tiffany Lazic - 3 yr lease from 1 May 2023 - 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
Passing rent = £14,400 pa

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