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Commercial Property for sale

Cranham Court, Crewe, Cheshire

Sold STC 1,763 sq. ft. | £270,000

Property Description

Commercial information

  • 1,763 sq ft (163 sq m)
  • Use class orders: B1 Business

Full description

An excellent investment opportunity consisting of a modern two storey office building, located on the established Crewe Business Park, let on an assured five year Lease.

Location - The premises are located on Cranham Court, a modern office development located on Crewe Business Park. From the main roundabout continue onto Electra Way and turn right at the roundabout onto Mallard Way. Cranham Court is directly ahead. The site has a secure barrier access onto Cranham Court. The position provides excellent links with Crewe Railway Station approximately 0.5 mile and access to Junctions 16 & 17 of the M6.

Investment - The property is let on an assured five year lease to London and North Western Railway Company Limited (Company No. 02880012). The company has a credit score of 92 (Very Low Risk) and reported accounts as at 31/12/2014 show a turnover in excess of £41m and pre-tax profit over £2m. (Source: Experian)

Lease commencement: 24/02/2016
Term: 5 years
Rent Year 1 £10,000, Years 2 to 5: £20,000 pa
Full repairing and insuring Lease.

Description - Both floors provide high quality open plan office of an 'L' shape with suspended ceilings, perimeter trunking, carpets throughout, fire and security alarm, automatic lighting in parts, plus intercom access. There are toilet facilities on both floors plus a kitchen on the ground floor.

Accommodation - No. 1 Cranham Court is 163.78 sq m (1,763 sq ft) and the accommodation is as detailed below.

Entrance / Hallway - The premise has a main hallway with both ground and first offices located off. There is also a disabled toilet facility with automatic lighting and under stairs storage cupboard.

Ground Floor Office - 79 sq m (850 sq ft)

Accessed from the hallway, the office is open plan with a kitchen facility located to the rear.

First Floor Landing - Located off the landing is a toilet facility with shower. The lighting is automatic.

First Floor Offices - 85 sq m (915 sq ft)

These offices have been split by the high quality partition to create offices plus a generous size boardroom with server room.

External - To the font of the premises is allocated parking for five vehicles plus shared use of disabled parking bays.

Planning - Bjb recommend that potential purchasers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Business Rates - The Rateable Value is £21,500. The standard non-domestic rating multiplier is 49.3 pence in the pound. The small business non-domestic rating multiplier is 48 pence in the pound, for properties with a rateable value up to £18,000. Bjb recommend parties make their own enquiries into any further business rate relief which maybe available.

Services - Mains electric and water services are available subject to any reconnection which may be necessary.

Tenure - Long leasehold - The purchase of the long leasehold which we understand commenced from 2007 for 125 years, subject to the existing Lease upon completion.

Vat - VAT will be applicable to the sale price.

Service Charge - The long leasehold is subject to an estate charge.

Viewing - Strictly by appointment via bjb commercial, Head Office, Lake View, Festival Way, Stoke-on-Trent ST1 5BJ. Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.

As the Sellers agent, we are not Surveyors or Conveyancing experts and as such we cannot and do not comment on the condition of the property or other issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain the possession of bjb.

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