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Agent's details

6 Atlantic Square, Station Road, Witham, Essex, CM8

For sale: £365,000.00|2,401 Sq Ft|Office, Offices

Property details

FOR SALE£365,000.00
SIZE2,401 Sq Ft
ADDRESS6 Atlantic Square, Station Road, Witham, Essex, CM8
TYPEOffice, Offices
TENUREFor Sale Freehold
POSTED ON3rd November 2022

Description

The property provides two storey predominantly open plan office accommodation with meeting rooms/offices on both floors. The accommodation benefits from suspended ceilings with recessed lighting, central heating, carpet, perimeter trunking and telephone entry system. WC and kitchenette facilities are provided on both floors.

There are 8 allocated car parking spaces situated in the landscaped car park to the front of the scheme.

Location
Atlantic Square is located on Station Road off Avenue Road, close to Witham town centre and adjacent Witham mainline rail station. Witham Station provides frequent services to London Liverpool Street with an approximate journey time of 40 minutes. Atlantic Square is approximately 1 mile from the nearest A12 junction which provides both north and southbound access.

Accommodation
We have measured the suite in accordance with the RICS Code of Measuring Practice on a Net internal Area basis as follows:
Ground Floor: 1,137 Sq. Ft. (105.66 Sq. M.)
First Floor: 1,264 Sq. Ft. (117.45 Sq. M.)
Total: 2,401 Sq. Ft. (223.12 Sq. M.)

Services
We understand the property is connected to mains water, drainage electricity and gas. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

Business Rates
The property is currently assessed as follows:
Ground Floor Rateable Value: £10,000
Approx. Rates Payable (2021/22): £5,000 pa
First Floor Rateable Value: £10,000
Approx. Rates Payable (2021/22): £5,000 pa

The car parking spaces are each assessed separately with a rateable value of £250 per space.

Local Authority
Braintree District Council
T. 01376 552525

EPC
C - 60.

Service Charges
There is an annual estate and building service charge. Further details are available upon application.

Tenancy
The First Floor is let to One Claim limited on an effective full repairing and insuring lease by way of a service charge and contracted outside of the 1954 Landlord and Tenant Act. The Lease commenced on 21st January 2022 for a term of 5 years and is subject to a Tenant only Break Clause on 3rd anniversary of the term subject to at least 6 months written notice. The lease is guaranteed by Pinnacle Costs and Claims Solutions Limited and the Landlord holds a Rent Deposit to the value of 3 months' rent.

Title
Freehold under title number: EX676666.

4 Atlantic Square is also for sale and forms part of the same title. In the event the properties are sold separately the titles will be split upon sale.

Terms
The freehold of 6 Atlantic Square is for Sale by way of private treaty at a guide price of £365,000 plus VAT.

VAT
We understand that the property is elected to VAT.

Legal Costs
Each party to bear their own legal costs incurred in this transaction. ( Agency Pilot Software ref: 14867960 )

Location

marker
Location: 6 Atlantic Square, Station Road, Witham, Essex, CM8

Witham (0.1 miles)

Hatfield Peverel (2.8 miles)

White Notley (3.0 miles)

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