For Sale
Guide Price £2,500,000Overross House Ross Park
Ross-On-Wye HR9 7US
United Kingdom
Ross-On-Wye HR9 7US
United Kingdom
Category Office, Investment
CODE 5273
INCOME PRODUCING INVESTMENT OPPORTUNITY
The property comprises a detached, modern two storey office building situated adjacent to the A449 trunk road at Ross on Wye, Herefordshire. It is currently producing a gross income of £191,010 per annum and benefits from the following features:
Spacious communal reception areas
High quality WC & kitchen facilities
Excellent levels of natural lighting
Gas central heating
Part air conditioned - communal server room and some installed by tenants.
Open plan flexible working areas
Flexibility to partition accommodation to suit occupiers needs
CCTV and other security
Gated access
Externally the property sits within a self-contained plot with its own discrete access off a shared service road directly from the A449.
There is a large, surfaced car park adjacent with additional overspill available.
INVESTMENT CONSIDERATIONS
Modern office building with flexible open plan working areas
58 dedicated parking spaces plus overspill of a further 40 spaces
Well located freehold adjacent to the M50/ A449 dual carriage way
£191,010 passing rent pa with reversionary potential
£214.010 pa - estimated rental value, allowing for uplift after vacant areas are let and rent review settled
Low capital value - £140 per sqft
Offers are invited in the region of £2,500,000.
This provides an investor with a net initial yield of 7.19% allowing for purchaser's cost based upon 6.28% rising to a gross yield of 8.56% when fully let and upon reversion.
The property comprises a detached, modern two storey office building situated adjacent to the A449 trunk road at Ross on Wye, Herefordshire. It is currently producing a gross income of £191,010 per annum and benefits from the following features:
Spacious communal reception areas
High quality WC & kitchen facilities
Excellent levels of natural lighting
Gas central heating
Part air conditioned - communal server room and some installed by tenants.
Open plan flexible working areas
Flexibility to partition accommodation to suit occupiers needs
CCTV and other security
Gated access
Externally the property sits within a self-contained plot with its own discrete access off a shared service road directly from the A449.
There is a large, surfaced car park adjacent with additional overspill available.
INVESTMENT CONSIDERATIONS
Modern office building with flexible open plan working areas
58 dedicated parking spaces plus overspill of a further 40 spaces
Well located freehold adjacent to the M50/ A449 dual carriage way
£191,010 passing rent pa with reversionary potential
£214.010 pa - estimated rental value, allowing for uplift after vacant areas are let and rent review settled
Low capital value - £140 per sqft
Offers are invited in the region of £2,500,000.
This provides an investor with a net initial yield of 7.19% allowing for purchaser's cost based upon 6.28% rising to a gross yield of 8.56% when fully let and upon reversion.
Dorian Wragg
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Olympus House, Olympus Park, Quedgeley, Gloucester Gloucestershire GL2 4NF
01452 880104
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Dorian Wragg
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Olympus House, Olympus Park, Quedgeley, Gloucester Gloucestershire GL2 4NF
01452 880104
These particulars are intended as a general guide only and do not constitute any part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility. Intending purchasers or tenants should satisfy themselves as to the accuracy of all statements and representations before entering into any agreement. No employee or partner of Bruton Knowles has authority to make or give any representation or warranty in relation to the property.