A modern two storey office building constructed around 20 years ago, offering open plan accommodation, however, current the space has several partitioned offices that could be useful to an incoming tenant, or removed, or part removed if required, the suite also has it’s own kitchenette. The offices are approached via the entrance hall which is shared only with a ground floor tenant. On the first floor landing there are gents toilet facilities and a ladies/DDA compliant toilet on the ground floor, these toilets are shared between the two tenants within the building. The office suite benefits from Air Conditioning.
Location
Lakeside Business Park is an attractive courtyard office scheme offering businesses peaceful yet conveniently located office space with good parking facilities.
Access to Junction 4 of the M3 is approximately 10-15 minutes drive away, and Sandhurst Halt station is around a 10-12 minute walk away which is located on the Guildford to Reading line.
Sandhurst shopping centre within walking distance offers a diverse mix of retail uses including major names such as Co-op, Greggs, Tesco Express, Dominos etc, but also many small retail businesses/retailers covering a good number of uses such as the tenant company with decorating supplies, further down the road and opposite pet shops, a large family DIY Hardware shop, hairdressers, chip shop etc.
Accommodation
Approximate floor areas:
Ground Floor 1,256 ft² 116.6 m²
First Floor 1,215 ft² 112.9 m²
Total Area 2,471 ft² 229.5 m²
Terms
LEASE TERM A new lease is available with length of term by agreement.
RENT An annual rent of £21,870 exclusive of all other outgoings which computes to approximately £18 ft².
FREEHOLD Our client will sell their freehold interest of the whole building, subject to the lease/tenancy of the existing ground floor tenant, detailed information on the ground floor lease set out below, with a price guide of “Offers in the Region of £550,000” plus VAT.
GROUND FLOOR TENANT/LEASE The ground floor is let to a reliable tenant, they are paying a rent of £21,980 plus VAT pax (£17.50 ft²), and their lease expiry is 30th March 2026. The tenant has confirmed that they would like to remain at the premises by way of a new lease, however, as the current lease is included within the renewal and compensation provisions of the 1954 landlord and tenant act, both landlord and tenant can simply “hold over” and continue the tenancy if either party chooses not to serve their notice to quit, or both parties can choose to agree a new lease if preferred.
SERVICE CHARGE & BUILDINGS INSURANCE
An annual service charge of £2,450 plus VAT which includes buildings insurance premium, garden maintenance, waste disposal, general maintenance, street lighting, external window and gutter cleaning, street lighting and the general repair and maintenance of the development and barriers.
Internally, cleaning, intruder/fire alarm annual contract, fire-fighting equipment service and utility bills are split evenly with the ground floor tenant.
VAT
Both the rent and service charge quoted excludes VAT which will be chargeable at the prevailing rate.
BUSINESS RATES The current rateable value of the property is £18,000 which equates to rates payable of approximately £8,820 for 2023/2024.
LEGAL COSTS Each party to be responsible for their own legal costs.
ENERGY PERFORMANCE CERTIFICATE
D-83
Specification
- 6 reserved parking spaces
- One further parking space shared with the ground floor tenant
- Estate access by a pleasant private road
- Views over lake
- Suspended ceilings with inset lighting
- Raised access floors
- Toilet facilities
- Double-glazed sealed unit windows and doors
- Air conditioning
- Walking distance to Sandhurst Shops and Sandhurst Halt Railway Station