About this property
Key Features
11 Parking spaces
Rent of £23,000 per annum
Fully let
Modern office building investment opportunity
Description
A well-located office building, which is currently fully-let, but is likely to appeal to investors and potentially owner occupiers alike.
The property comprises an end-of-terrace office building, with the accommodation arranged over two levels.
The ground floor consists of an Entrance Lobby, disabled WC, Meeting Room and a Kitchen area.
The first floor features additional WC facilities, an open-plan Office and two partitioned Meeting
Rooms.
Office - 67.20m² (723ft²)
Server/Meeting Room - 12.95m² (139ft²)
Office - 26.40m² (284ft²)
Office - 69.52m² (748 ft²)
Total NIA - 164.55m² (1771ft²)
The property is supplied by an electric climate control system. It is understood that there are up to 11 car parking spaces available within the area demised to the tenant.
Tenure
Long Leasehold
Location
St Ives is located approximately 3 miles from the A14, five miles east of Huntingdon and around 13 miles north west of Cambridge. The A14 trunk road lies to the south of the town providing a dual-carriageway route linking the East Coast ports with the M11, A1 and M1/M6. The A1 lies 9 miles to the west.
The property is situated in the established Compass Point Business Park, off Stocks Bridge Road. Neighbouring occupiers include Silvaco, RPS Group and Maximum Games. Other local occupiers of note include Aldi and Morrisons supermarkets, The Marsh Harrier public house and McDonalds, Costa Coffee and Subway.
VAT
VAT is payable on the purchase price.
Lot Type
Commercial
Tenancies
The property is fully let to Asckey Data Services LTD, with the lease dating from 17th August 2018 until 16th August 2023. The rent is £23,000 per annum.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Charlotte Burmby of Howes Percival, Terrington House, 13/15 HIlls Road, Cambridge, CB2 1NL
Viewing
Cheffins Commercial Department 01223 213666
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�