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Class E Office Investment For Sale, Unit 1 Jephson Court, Tancred Close, Leamington Spa, CV31 3RZ

5,580 Sq Ft / Offices / Class E - incl Retail Leisure Healthcare

Withdrawn - Last updated: 11 June 2024

Unit 1 Jephson Court is a modern two-storey office building, sited at the entrance to Jephson Court, and provides high quality air conditioned offices at both ground and first floors. The building specification includes under-floor gas fired central heating, floor cable ducts, perimeter trunking, suspended ceilings with new LED lighting, double glazed powder coated aluminium windows, and fitted carpets throughout. The building has been subject to a number of significant alterations over the years including the installation of high quality meeting rooms, executive suite, open plan offices, secure server room and open plan kitchens/breakout areas. The building is to be sold with the majority of the existing quality office furniture if required.
( Agency Pilot Software ref: 640 )

Location

Unit 1 Jephson Court, Tancred Close, Leamington Spa, Warwickshire, CV31 3RZ

Accommodation

5,580 sq.ft (518 sq.m)

Terms

Tenure The building is offered for sale subject to balance of a 999 year ground lease (virtual freehold) subject to contract.

Services All mains services are connected to the building. Heating to the property is via a gas fired under-floor central heating system along with a full air conditioning system. The property is also fitted with a comprehensive fire alarm system and intruder alarm system, which incorporates key fob access to all quadrants and secure offices. The building is network cabled throughout.

EPC C 60

Planning Class E (Offices) Price £975,000.00 subject to contract. The vendor may consider granting an occupational lease.

VAT The building can be sold free of VAT if required.

Rates The building's rateable value for the current year is £72,500. Car parking has a total rateable value of £10,200.

Legal Costs Each party will be responsible for their own legal costs incurred in the transaction.

Service Charge A service charge is levied to cover the repair and maintenance of the spine road, communal landscaped areas, and the security barrier and CCTV. The annual service charge is currently £1,962.50.


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