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For Sale: £590,000
4 & 6 Atlantic Square, Station Road, Witham, Essex, CM8
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Area
3780Sq Ft
The properties are adjoining and we understand previously interlinked. Both provide two storey predominantly open plan office accommodation with meeting rooms/offices on both floors. The accommodation benefits from suspended ceilings with recessed lighting, central heating, carpet, and perimeter trunking. There are WCs on both floors and both properties benefit from kitchenette facilities. 4 Atlantic Square benefits from air conditioning in part.
There are a total of 13 allocated car parking spaces situated in the landscaped car park to the front of the scheme.
Location
Atlantic Square is located on Station Road off Avenue Road, close to Witham town centre and opposite Witham mainline rail station. Witham Station provides frequent services to London Liverpool Street with an approximate journey time of 40 minutes. Atlantic Square is approximately 1 mile from the nearest A12 junction which provides both north and southbound access.
Services
We understand the properties are connected to mains water, drainage, electricity and gas. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the properties including IT and telecommunication links.
EPC
4 Atlantic Square: D - 86
6 Atlantic Square: C - 60
Business Rates
The properties are listed on the VOA rating list as follows:
4 Atlantic Square
Rateable Value: £15,500
Approx. Rates Payable (2023/24): £7,734.50
6 Atlantic Square
Ground Floor Rateable Value: £12,750
Approx. Rates Payable (2023/24): £6,362.25
First Floor Rateable Value: £14,500
Approx. Rates Payable (2023/24): £7,235.50
We understand that the car parking spaces are assessed under various individual assessments and generally attracting a Rateable Value of £150 per space. Interested parties are advised to make enquiries with the Local Authority.
Tenancy
The First Floor of 6 Atlantic Square is let to One Claim Limited on an effective full repairing and insuring lease by way of a service charge and contracted outside of the 1954 Landlord and Tenant Act. The Lease commenced on 21st January 2022 for a term of 5 years subject to a Tenant only Break Clause on 3rd anniversary. The lease is guaranteed by Pinnacle Costs & Claims Solutions Limited and the Landlord holds a Rent Deposit to the value of 3 months' rent.
Service Charge
There is an annual estate and building service charge. Further details are available upon application.
Terms
The freehold of 4 & 6 Atlantic Square under the registered title number EX676666 is for sale by way of private treaty subject to the existing Lease at a guide price of £590,000 plus VAT.
A sale of the properties individually may be considered. Further information is available upon request.
VAT
We understand that the properties are elected to VAT.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.
Features
- Part Let Office Generating £15,200 Per Annum
- Majority Vacant
- 13 Allocated Car Parking Spaces
- Opposite Witham Train Station
- Approximately 1 Mile From A12
Floor plan
Map
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4 & 6 Atlantic Square, Station Road, Witham, Essex, CM8
The properties are adjoining and we understand previously interlinked. Both provide two storey predominantly open plan office accommodation with meeting rooms/offices on both floors. The accommodation benefits from suspended ceilings with recessed lighting, central heating, carpet, and perimeter trunking. There are WCs on both floors and both properties benefit from kitchenette facilities. 4 Atlantic Square benefits from air conditioning in part.
There are a total of 13 allocated car parking spaces situated in the landscaped car park to the front of the scheme.
Location
Atlantic Square is located on Station Road off Avenue Road, close to Witham town centre and opposite Witham mainline rail station. Witham Station provides frequent services to London Liverpool Street with an approximate journey time of 40 minutes. Atlantic Square is approximately 1 mile from the nearest A12 junction which provides both north and southbound access.
Services
We understand the properties are connected to mains water, drainage, electricity and gas. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the properties including IT and telecommunication links.
EPC
4 Atlantic Square: D - 86
6 Atlantic Square: C - 60
Business Rates
The properties are listed on the VOA rating list as follows:
4 Atlantic Square
Rateable Value: £15,500
Approx. Rates Payable (2023/24): £7,734.50
6 Atlantic Square
Ground Floor Rateable Value: £12,750
Approx. Rates Payable (2023/24): £6,362.25
First Floor Rateable Value: £14,500
Approx. Rates Payable (2023/24): £7,235.50
We understand that the car parking spaces are assessed under various individual assessments and generally attracting a Rateable Value of £150 per space. Interested parties are advised to make enquiries with the Local Authority.
Tenancy
The First Floor of 6 Atlantic Square is let to One Claim Limited on an effective full repairing and insuring lease by way of a service charge and contracted outside of the 1954 Landlord and Tenant Act. The Lease commenced on 21st January 2022 for a term of 5 years subject to a Tenant only Break Clause on 3rd anniversary. The lease is guaranteed by Pinnacle Costs & Claims Solutions Limited and the Landlord holds a Rent Deposit to the value of 3 months' rent.
Service Charge
There is an annual estate and building service charge. Further details are available upon application.
Terms
The freehold of 4 & 6 Atlantic Square under the registered title number EX676666 is for sale by way of private treaty subject to the existing Lease at a guide price of £590,000 plus VAT.
A sale of the properties individually may be considered. Further information is available upon request.
VAT
We understand that the properties are elected to VAT.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.