The property is a two storey office within Brooklands court comprising 18 offices in total. The site has landscaped gardens , allocated parking and self contained entrances. The unit comprises an Entrance Lobby with shared WC facilities and then doors to both floors and tenants offices.
Location
Brooklands Court is located on the Kettering Venture Park on the southern side of Kettering, close to J9 of the A14. The site is amongst other office parks and has Kettering retail park nearby to include a Tesco's Extra.
Accommodation
The property has been measured on a net internal basis and comprise the following areas:
Ground Floor - 1,130ft² (105m²)
First Floor - 1,194ft² (111m²)
Terms
Terms - The property is available to buy at a guide price of £385,000 based on £165.00 per sq.ft. This represents a net initial yield of 6.77% based on usual purchasers costs.
Business Rates - The premises has a split assesment with rateable values as follows:
Ground Floor £8,200 First Floor £9,800
All interested parties should check amounts payable via the local authority.
Planning - The premises has consent for office use.
Services Charges - There is an estate service charge to cover external maintenance, landscaping and upkeep of the common areas. Information available on request.
Legal Costs - Each party to bear its own costs.
VAT - VAT is applicable to the sale.
EPC - A copy of the EPC is available upon request.
Tenancies - Please see the attached brochure
Specification
- Freehold investment on popular park
- Total income of £27,125 with a NIY of 6.77%
- Potential for rental growth at rent review
- Approx. 2,234 ft2 with allocated parking
- Asking £385,000 based on £165.00 per ft2
- Comfort Cooling
- Suspended Ceilings
- Carpet Tiles throughout
- LG3 Cat 2 Lighting
- Emergency Lighting
- Fire Alarm