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For Sale£1,200,000.00

QUALITY OFFICE INVESTMENT FOR SALE PRODUCING AN INCOME OF £97,650 PER ANNUM

Offices , 8126
Property type: Offices
Tenure: Investment Opportunity, For Sale Freehold
Size: 8126
Price: £1,200,000.00
Location: Unit 1-5 Valley Farm, Valley Lane, Ipswich, IP9 2AX
Description
The offices comprise converted traditional agricultural buildings which have been fitted out to a high quality. Features include Cat 5 cabling and individual patch panels, LG3 lighting, comfort cooling/heating, disabled lifts to first floor accommodation, carpet tile floor covering. There is generous car parking allocated to the units.

Tenure
Units 1 & 2 are let to NFU Mutual Insurance Society Ltd at a rent of £38,784 p.a.x. on a 15 year lease expiring in March 2021.
Unit 3 is under offer to Funeral Safe Ltd at a rent of £27,504 p.a.x. on a 5 year lease expiring 2023.
Unit 4 is let to Porterhouse Building Services Limited at a rent of £8,100 p.a.x. on a 5 year lease expiring 2023.
Unit 5 is let to Ipswich 102 Ltd on a 12 year lease for £13,250 for years 1&2 rising to £13,750 p.a.x.
Unit 5A is let to Exquisite Homes Limited at a rent of £9,512.50 p.a.x. on a 5 year lease expiring 2023.


Accommodation (all areas are approximate)
Units 1 & 2 308.98 sq m 3,326 sq ft
Unit 3 212.93 sq m 2,292 sq ft
Unit 4 60.20 sq m 648 sq ft
Unit 5 102.19 sq m 1,100 sq ft
Unit 5A 70.7 sq m 761 sq ft
Total Floor Area 755 sq m 8,126 sq ft
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