Overview
Grade ‘A’ Quality Office Investment With Substantial Parking
The accommodation comprises two storey self contained office premises fronting Dittons Road within a cul-de-sac at the entrance to the Business Park. The premises are of steel frame construction with a mix of brick, steel profile and glazed cladding to the front, rear and side elevations. The accommodation is fitted to a Grade ‘A’ standard and offers a mix of open plan and partitioned offices, WC and kitchen.
The Opportunity
1 Answer Insurance Services Ltd Company Nos 04201623 was incorporated in 2001 and has been in occupation since the building was constructed.
Tenure
Freehold for sale subject to a lease to 1 Answer Insurance Services Ltd Company No 04201623 at a Rent of £46,500 pax on a new full repairing and insuring Lease for a term of 10 years subject to a 5th Year Rent Review and Tenant Only Break. Lease to commence from date of sale completion.
Price
Offers in the region of £525,000 representing a yield of 7% for the Freehold subject to the new leaseback.
Size
Amenities
Location
Chaucer Business Park is in an excellent location, well connected by road and rail. The site is positioned on the outskirts of Eastbourne and Polegate, close to the A27 bypass and approximately two miles to the east of the A27/A22 junction. The mainline station at Polegate is minutes away and offers frequent direct services to London as well as Ashford, Brighton and Portsmouth. Cyclists can commute via a link path to the Cuckoo Trail cycle path, which runs for 18 miles from Heathfield to Eastbourne Park.
Rent
Business Rates
According to the Valuation Office website the premises are described as follows:
Offices and Premises
Rateable Value: £TBC
VAT Details
VAT will be chargeable on the terms quoted
Legal
Each party is to be responsible for their own legal fees
Terms
Offers in the region of £525,000 representing a yield of 7% for the Freehold subject to the new leaseback.
