Gloucester House is a modern detached office building built in 2005 which was comprehensively refurbished by the current occupier in 2016.
The offices are fitted to a high standard throughout and provide mainly open plan accommodation together with a boardroom and executive offices. A reception area and lift exist to the front of the building. There is a shower facility on the ground floor, together with a disabled WC. There are 23 designated car parking spaces.
( Agency Pilot Software Ref: 871 )
Location
Bourne End Business Park is situated within the Thameside village of Bourne End, close to the railway station, which provides services to Marlow and Maidenhead, where direct services to London Paddington are available. The village itself is located between High Wycombe and Marlow, approximately 2 miles from the A404, which links the M40 at Junction 4 Handy Cross and the M4 at Junction 8/9 Maidenhead. Crossrail is expected to run from Maidenhead in 2022. Heathrow Airport is approximately 16 miles to the south east. Bourne End also offers a good range of retail and dining outlets including Tesco, Marks & Spencer and Co-op Covenience stores and a Marina on the River Thames.
Accommodation
Ground Floor Offices 282.07 m² (3,036.27 sq ft )
Shower Room / Ancillary 15.07 m² (162.19 sq ft )
Reception Area 17.26 m² (185.85 sq ft )
First Floor Offices 300.89 m² (3,238.81 sq ft)
Total 615.30 m² (6,623.13 sq ft)
Terms
INVESTMENT SUMMARY The property will be sold subject to a sale and lease back to the current occupier Mintec Ltd who will take a new 10 year lease with a break and upwards only rent review in year 5, at a rent of £140,000 per annum. This equates to a net yield of circa 6.78% after normal purchasing costs.
PRICE Our clients seek £1,950,000 plus VAT subject to the lease.
RATES The Valuation Office website indicates a 2017 Rateable Value of £88,500 for the entire building. Rate in the £ for 21/22 is XXX.
ENERGY PERFORMANCE RATING C-74
LEGAL COSTS Each party is to be responsible for their own professional and legal fees.