A freehold office investment (with future redevelopment opportunity STPP). Initial income of £65,000 per annum exclusive. Potential reversionary rent review in October 2023. Over five years remaining on the lease.

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On offer is a detached 1.5 storey office property being one of two properties on Alsa Business Park and is located close to the B1338, which runs south to Stansted Mountfitchet and Bishop’s Stortford and north to Saffron Walden and Cambridge.

The property is accessed via a shared driveway and opens out into an impressive and imposing barn-style office property with a heavily glazed gable end providing an attractive entrance.

The property is a ‘T’ shape with plenty of surrounding amenity land offering potential for future expansion or redevelopment STPP. A one-way road surrounds the property with generous parking for 27 vehicles. The property could be split if required.

The main entrance leads to a lobby area which opens out to a reception area. There is a main corridor with various offices leading off it, and a further 12 separate office areas and open spaces. The property has a single kitchen, four WCs and a shower.

A staircase leads to the first floor, which provides a large open plan area which is currently used for archive storage but could be converted to further office space and dormer window installation. A second area on the first floor provides for a comms room and further sorting office.

The property benefits from gas central heating, air-conditioning throughout and suspended ceilings with recessed Cat II lighting. We understand all mains services are connected but these have not been tested.

There is an initial income of £65,000 per annum – please see particulars for tenancy details. This represents a Gross return of 7.43% or Net Initial Yield of 7% after deducting purchaser’s costs of 5%.

Alsa Business Park is located to the north of Stansted Mountfitchet, a popular and attractive commuter town situated in the county of Essex. The Business Park is well located for access to Stansted Airport, the A120 and M11 Junction 8, all being a circa five-minute drive away. Stansted Mountfitchet has a retail offering in the centre providing excellent amenities for staff. The town’s mainline station offers regular rail services to London Liverpool Street, Stansted Airport and Cambridge.