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For Sale: £395,000

Under Offer

New Mill Business Hub, Bakers Mill, Great Cornard, Sudbury, CO10

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  • Area

    area
    2141Sq Ft

The building comprises a former Victorian Mill which has been completely restored and redeveloped by local developers Lexden Restorations into an impressive four storey office building, benefiting from high ceilings, excellent natural light and the entire property is serviced by a modern 8 person passenger lift. The accommodation is fitted to a high specification and provides for; open plan space, heating/air conditioning, carpeted floors and Category II lighting. Each floor is fully self contained with its own WC and kitchenette facilities. Seven car parking spaces are provided.

Accommodation
(Approximate net internal measurements)
Ground Floor Approx. 526 sq ft 48.8 sq m
First Floor Approx. 535 sq ft 49.7 sq m
Second Floor Approx. 542 sq ft 50.4 sq m
Third Floor Approx. 538 sq ft 50.0 sq m
Total Approx. 2,141 sq ft 198.9 sq m

Terms
The premises are to be sold freehold at £395,000 plus VAT.

Tenancy Details
The ground floor and second floor are vacant.

The third floor is currently let to JB Medical Ltd on a five year term from April 2021 at an initial inclusive rent of £8,000 per annum (£8,500 year two and £8.740 year three), payable quarterly in advance.
The first floor is let to David Newton Ltd at an inclusive rent of £7,875 plus VAT, payable monthly in advance. Further detail is available upon request.

Service Charge
There is an estate service charge applicable to cover; grounds maintenance of the estate communal areas, management fees, public liability insurance and general reserve fund. The approx. cost for the current year £333.00 (1.2% of the total).

There is also a service charge for the building which includes; window cleaning, common area cleaning, buildings insurance, common area electrics and water, lift servicing, fire and security alarm maintenance. The approx. cost for the current year £3,755. Further detail is available upon request.

Business Rates
We have been informed that the rateable values are; Ground £5,600, First £5,600, Second £5,600 & Third £5,800. Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.

Energy Performance Certificate (EPC)
We have been advised that the premises fall within class C (70) of the energy performance assessment scale. View the EPC here.

VAT
We are advised that VAT is applicable.

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

  • Impressive Four Storey Office Building With Parking
  • High Specification With Heating / Cooling
  • Passenger Lift, Kitchenette & W/C Facilities
  • Self Contained Floors For Easy Sub Letting
  • Investment Opportunity, Current Income £15,875 PA
  • Potential Income of £32,000 PA (Fully Occupied)
  • Seven Car Parking Spaces

Floor plan

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Map

Call

Michael Moody

01206 854545
Make an enquiry

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