Offers in region of
£400,000
(£169.35/sq. ft)
Office for saleHill Place, London Road, Southborough TN4
2,362 sq. ft
Freehold
About this property
Large detached property with forecourt
Rear car parking area
Garden
Good local shopping facilities nearby
Description
An opportunity to purchase this large detached freehold investment property with forecourt and rear car parking area plus garden, located in London Road, Southborough.
Location
The building is prominently situated on the western side of the A26 London Road, close to the junction with Doric Avenue. There are good local shopping facilities nearby, together with good access to the A21.
Terms
Offers are invited in the region of £400,000 for the freehold interest of the property (subject to existing tenancy):
Tenant Details
Ground Floor - Let to sgs Ltd and held on an effective full repairing and insuring lease for a term of 10 years from June 2017. The current passing rent is £10,900 pax.
1st Floor - Let to K B Tech Ltd and held on an effective full repairing and insuring lease for a term of 8 years from October 2017. The current passing rent is £10,500 pax.
2nd Floor - Let to K B Tech Ltd and held on an effective full repairing and insuring lease for a term of 7 years from March 2018. The current passing rent is £8,900 pax.
Please note – A lease renewal is taking place for both the 1st and 2nd floor offices for a term of five years with an agreed rent of £10,500pax (1st floor) and £8,900pax (2nd floor). Further details available on request.
Joint Agent
Darrell Barber (Bracketts
Rateable Value
Gnd Floor - £12,500 1st Floor – £10,500 2nd Floor - £7,900 Store 1 - £2,700 Store 2 - £220 Store 3 - £950
EPC
Gnd Floor – F 1st Floor - E 2nd Floor - E
An opportunity to purchase this large detached freehold investment property with forecourt and rear car parking area plus garden, located in London Road, Southborough.
Location
The building is prominently situated on the western side of the A26 London Road, close to the junction with Doric Avenue. There are good local shopping facilities nearby, together with good access to the A21.
Terms
Offers are invited in the region of £400,000 for the freehold interest of the property (subject to existing tenancy):
Tenant Details
Ground Floor - Let to sgs Ltd and held on an effective full repairing and insuring lease for a term of 10 years from June 2017. The current passing rent is £10,900 pax.
1st Floor - Let to K B Tech Ltd and held on an effective full repairing and insuring lease for a term of 8 years from October 2017. The current passing rent is £10,500 pax.
2nd Floor - Let to K B Tech Ltd and held on an effective full repairing and insuring lease for a term of 7 years from March 2018. The current passing rent is £8,900 pax.
Please note – A lease renewal is taking place for both the 1st and 2nd floor offices for a term of five years with an agreed rent of £10,500pax (1st floor) and £8,900pax (2nd floor). Further details available on request.
Joint Agent
Darrell Barber (Bracketts
Rateable Value
Gnd Floor - £12,500 1st Floor – £10,500 2nd Floor - £7,900 Store 1 - £2,700 Store 2 - £220 Store 3 - £950
EPC
Gnd Floor – F 1st Floor - E 2nd Floor - E
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