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Property Image
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For Sale: £495,000

Under Offer

3, 3a & 3b Dedham Vale Business Centre, Manningtree Road, Dedham, Essex, CO7

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Property Image
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  • Area

    area
    1965Sq Ft

Location
Dedham Vale Business Centre is a contemporary office development located on the Essex / Suffolk boarder. Accessed via Manningtree Road / Jupes Hill with easy access to Dedham village Centre. The A12 and A120 are located nearby which provide excellent traffic links.
Description
Three self-contained ground floor offices with pitched & insulated roofs and timber cladding. The offices benefit from; a glazed UPVC entrance door, vaulted ceiling, single W/C and kitchenette facilities, air conditioning / heating, perimeter trunking with electrical sockets, florescent lighting, carpeting, UPVC double glazing and fire & intruder alarms. Office three has three parking bays, office 3a has four parking bays and office 3b has a parking area suitable for at least four cars.

Accommodation
(Approximate net internal measurements)
Office 3 Approx. 550 sq ft 51.1 sq m
Office 3a Approx. 695 sq ft 64.6 sq m
Office 3b Approx. 720 sq ft 66.9 sq m
Total Approx. 1,965 sq ft 182.6 sq m

Terms
The premises are to be sold freehold at £495,000 plus VAT.

Tenancy Details
Office 3 - Currently occupied by Same Star Yoga and due to be vacant from 1st November 2021. Suggested quoting rent for a new letting, £10,000 pa.

Office 3a - Let to PLH Consultants Ltd on a five year FRI lease term commencing (27th February 2020) with a tenant only break and rent review (27th February 2023) at a rent of £10,500 pa. The tenant is to reimburse the landlord for the service charge and buildings insurance.

Office 3b - Let to Mimibear Ltd on a five year FRI lease term commencing (12th March 2021) with a tenant only break and rent review (12th March 2024) at an initial rent of £11,000 pa increasing to £12,000 pa years two and three. The tenant is to reimburse the landlord for the service charge and buildings insurance.

Further information is available upon request.

Service Charge
A service charge is applicable to cover; maintenance of the estate communal areas, landscaping, water/sewerage, waste management and public liability insurance. The approx. cost for the current year £492.00.

Buildings Insurance
The buildings insurance is arranged by the vendor with the cost to be recovered from the tenants. The approx. cost for the current year is £771.00.

Business Rates
We have been informed that the rateable values are; 3 £5,400, 3a £6,900 and 3b £6,800.

For rateable values below £12,000 100% rate relief may be available, subject to eligibility. We recommend all parties make their own direct enquiries with the local rating authority.

Energy Performance Certificate (EPC)
We have been advised that the premises fall within classes B-D (50-81) of the energy performance assessment scale. Full copies of the EPC assessment and recommendation report are available from our office upon request.

Legal Costs
Each party will bear their own legal costs.

Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.

Viewing
Strictly by appointment via sole agents:

Fenn Wright
01206 85 45 45
fennwright.co.uk
colchestercommercial@fennwright.co.uk

Features

  • Office Investment In Attractive Rural Setting
  • Two Offices Let Producing Income of £21,500 pa
  • One Vacant Office From 1st November 2021
  • Potential Income of Approx. £31,500 pa
  • Excellent On Site Car Parking Spaces
  • Easy Access To A12 / A120 Link Roads

Map

Call

Michael Moody

01206 854545
Make an enquiry

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