Office for sale

Tomo House, Investment, Tomo Industrial Estate, Tomo Road, Stowmarket, Suffolk, IP14

25,630 sq. ft. | £1,200,000

Property Description

Commercial information

  • 25,630 sq ft (2,381 sq m)
  • Use class orders: B1 Business, D1 Non-Residential Institutions and D2 Assembly and Leisure

Key features

  • FREEHOLD OFFICE & WAREHOUSE INVESTMENT FOR SALE
  • Modern, vacant offices suitable for owner occupation
  • Estimated Rental Value 40,000 per annum
  • Producing an income of 70,000 PAX + VAT
  • Also suitable for subdivision or as a serviced office business. Part air conditioned.
  • 21 car parking spaces

Full description

Tenure: Freehold

LOCATION: Stowmarket is a busy market town adjoining the A14 between Ipswich and Bury St Edmunds. Stowmarket Railway Station is on the Norwich to London main line and
provides a service to Liverpool Street with a journey time of approximately 1 hour 40 minutes.

The property is located on the southern side of Creeting Road on the Tomo Industrial
Estate which is located east of Stowmarket town centre.

DESCRIPTION: The property comprises a part vacant, modern, two storey, self contained office building with a self contained 3 bay warehouse to the rear, which has been let. There is ample on site car parking. The office accommodation comprises a variety of partitioned and open plan office circulation areas with ancillary storage, kitchens, Disabled and male and female WCs and a shower room. The accommodation is mostly air conditioned and provides attractive and flexible office accommodation with a full I.T network and excellent
broadband capabilities.

ACCOMMODATION: The overall property provides the following approximate accommodation measured on net and gross internal floor areas:

First floor offices 396.6 sqm (4,270 sq ft)
Ground floor stores /
reception / office / server 362.6 sqm (3,903 sq ft)
Offices Sub-Total 759.2 sqm 8,173 sq ft
The property occupies an overall site area of 0.467 hectares. (1.15 acres)

PLANNING: The offices have planning permission for uses within Class B1 of the 1987 Use Classes Order, whilst the warehouse has planning as a warehouse within Class B8.

BUSINESS RATES: The property is assessed as follows:- Offices & Premises RV 42,500.
Rates payable for the offfices 2016/17 21,122.50

TENANCY: The entire warehouse is let to Monumart Ltd for a term of 10 years from 8th August 2016 at a rental of 70,000 p.a exclusive plus Vat subject to a break clause and rent
review at the 5th year. A rent deposit is held; further information available on request.

TENURE: The overall property is held on a freehold tenure. There is a site security charge payable. Further details on application.
PROPOSAL: Offers invited in the region of 1,200,000 for the benefit of this part vacant, freehold investment, which is also ideally suited for owner occupation. This represents an
attractive capital value of around 500 per sqm. (47 per sq ft) overall.

Alternatively the office building is available to let on terms to be negotiated at a commencing
rental of 40,000 Pax + Vat. Further information on request.

VIEWING: Strictly by prior appointment through Beane Wass & Box on
Tel: (01473) 212656 or E-Mail: rbertram@bw-b.co.uk

CONTACT: Richard Bertram

SUBJECT TO CONTRACT

More information from this agent

Nearest stations

  • Stowmarket (0.3 mi)
  • Needham Market (3.1 mi)
  • Elmswell (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Beane Wass & Box, Ipswich

16 Arcade Street, Ipswich, IP1 1EP

01473 870144 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stowmarket (0.3 mi)
  • Needham Market (3.1 mi)
  • Elmswell (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Beane Wass & Box, Ipswich

16 Arcade Street, Ipswich, IP1 1EP

01473 870144 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference TOMOHOUSEINVESTMENT. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Beane Wass & Box, Ipswich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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