Property for sale

1 Lime Court, Pathfields, South Molton, Devon EX36

The property consists of a purpose built modern end of terrace office development over the ground, first and second floors. The property is fitted to a good quality office fit out with air conditioning, carpet covering to all floors, painted plaster walls with some internal demountable partitions and suspended tiled ceilings with recessed lighting. There are also plans by the tenant to upgrade in due course. The property benefits from 21 parking spaces to the front with bike storage also located onsite.

The reception and meeting room area is located on the ground floor with central staircase leading to the office accommodation above. There is also lift access via the central staircase and overall the accommodation provides one of the best office buildings in the town.

We are instructed to seek offers in the region of £590,000 for the Freehold subject to the existing lease to Azets Holdings Limited which reflects a niy of 8.88% after an allowance for purchaser's costs of 5.02%. A purchase at this level reflects a low Capital Value of £103.73 psf for the Freehold.