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For Sale: £575,000

Broomvale Four & Office Site, Broomvale Business Centre, Bramford Road, Little Blakenham, Suffolk, IP8

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  • Area

    area
    7110Sq Ft

Location
Broomvale Business Centre is an attractive 1990's rural office development situated on the B1113, only 0.6 miles from the A14 Claydon intersection (see location plan). Ipswich town centre is within 5 miles and the A12/A14 Copdock intersection is within 6 miles.

Description & Accommodation
Broomvale comprises a detached office building and office development site, currently consisting of stores, a meadow and car parking. The site area is approximately 0.817 hectares (2.019 acres) edged red on the final page. The site contains a number of 3rd party rights, more information available on request.

Broomvale Four
The property comprises an attractive converted timber frame barn together with an adjoining and interconnecting single storey building capable of being occupied as a whole or as individual units. Ancillary accommodation includes kitchen facilities, male, female and disabled WC facilities.
The specification of the premises includes gas fired central heating, comfort cooling, data cabling, fluorescent lighting and carpet floor coverings.
The premises provides a net internal floor area of 1,838 sq ft (170.70 sq m).

Broomvale Office Site
The property benefits from planning permission for the demolition of the stores building and the development of a new office building with associated car parking dated 20 September 2007 (Reference: 0138/07).
The planning permission states that the development should begin no later than 3 years from the date of the permission. We understand the vendor has already made a practical start and has also discharged all of the Pre-commencement conditions.
The planning permission allows for the construction of two storey offices providing a total gross internal floor area of 605.76 sq m (6,520 sq ft) and a total net internal floor area of 489.72 sq m (5,272 sq ft). The approved floor plan is shown opposite and provides for three individual self-contained units.
The planning permission allows for the provision of 36 parking spaces to be used in association with the scheme.

A copy of the planning permission and approved drawings are available via the following link:
http://planningpages.midsuffolk.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=_MSUFF_DCAPR_35563

Alternatively copies are available upon request.

Business Rates
The property has the following Rateable Values:
Broomvale Four: £15,750
Store A: £340
Store B & C: £680

The rates payable are based on a UBR for the current year of 0.491 pence in the pound.

Local Authority
Mid Suffolk District Council
Endeavour House
8 Russell Road
Ipswich, IP1 2BX
Tel: 0800 1234000

Tenancies
The property is currently receiving a rental income of £12,180 per annum plus VAT. A copy of the tenancy schedule is available and can be sent upon request.

For further information on this please refer to the tenancy schedule.

Based upon applying approximately £12 per sq ft on the current office accommodation the premises could generate an income of £22,500 per annum exclusive.

Terms
Offers are invited in the region of £575,000 for the freehold interest, subject to the existing tenancies.
The property is VAT elected.

Legal Costs
Each party to be responsible for their own costs.

Features

  • Immediate access to A14 (0.6 miles), Ipswich town centre (5 miles)
  • Pleasant rural location with ample parking
  • Office building 170.70 sq m (1,838 sq ft)
  • Planning permission for further office development extending to GIA 605.76 sq m (6,520 sq ft)
  • Rental Income £12,180 per annum

Map

Call

Hamish Stone

01473 232701
Make an enquiry

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