Office for sale

Sandbeck Way, Wetherby, LS22

Guide Price £1,000,000
6,555 sq. ft.

Property Description

Commercial information

  • 6,555 sq ft (608 sq m)

Full description

* Modern two storey detached office block
* High specification throughout.
* Close to town
* Investment opportunity



Description - Knights house comprises a modern two storey detached office block which has been constructed to a high specification throughout. This includes suspended ceilings, carpets throughout, gas central heating as well as being fully cabled. Further benefits include an internal lift, DDA compliance as well as substantial external parking.

The ground floor is let with the first floor currently vacant. The property would therefore suit those looking for an investment opportunity or alternatively a business looking to occupy the first floor and benefit from the ground floor rental income.

Location - The property is situated off Sandbeck Way, in what is known as a popular mixed use commercial area. Other local uses include a mix of both office accommodation and industrial occupiers. The property is only short distance away from Wetherby Town Centre and is approximately 1 mile from the A1 (M) making commuting to and from the local area ideal.

Existing Tenancy - The ground floor suite is let to 'Home Group Developments' for a term of 15 years from 1st February 2016. This is at an annual rent of £40,625 with a tenant only break option on 1st February 2021. Further details on the tenant can be provided on application to the agent.

Potential Incomes - The first floor is currently vacant and offers space in excess of 3,305 sq ft. It is anticipated that once let this floor would generate a further income of approximately £41,312 which equates to £12.50 per square foot.

Tenure - The property is available to purchase freehold at a guide price of £1,000,000. This reflects an reversionary yield of 7.5% once the first floor is let.

Rateable Value - Rateable Value: £27,750
Uniform Business Rate for 2018/19 £0.493.
Small business rate relief may be available to some occupiers. Further enquiries should be directed to HBC 01423 500600

Planning - The building has consent to be used as office accommodation B1 in the use classes order. Interested parties are advised to make their own enquiries of the local planning authority in respect of planning proposals if any change of use is envisaged.

Costs - Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.

Vat - All figures quoted are deemed exclusive of VAT where applicable.

Viewing - Strictly by appointment with the agent Tel: 01423 501211

Knights house comprises a modern two storey detached office block which has been constructed to a high specification throughout. This includes suspended ceilings, carpets throughout, gas central heating as well as being fully cabled. Further benefits include an internal lift, DDA compliance as well as substantial external parking.

The ground floor is let with the first floor currently vacant. The property would therefore suit those looking for an investment opportunity or alternatively a business looking to occupy the first floor and benefit from the ground floor rental income.

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More information from this agent

Nearest stations

  • Cattal (4.9 mi)
  • Hammerton (5.7 mi)
  • Knaresborough (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

FSS, Estate Agents

8 Raglan Street, Harrogate, HG1 1LE

01423 429011 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.

Floorplans


To view this property or request more details, contact:

FSS, Estate Agents

8 Raglan Street, Harrogate, HG1 1LE

01423 429011 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

  • Cattal (4.9 mi)
  • Hammerton (5.7 mi)
  • Knaresborough (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

FSS, Estate Agents

8 Raglan Street, Harrogate, HG1 1LE

01423 429011 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 26770447. 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 FSS, Estate Agents. 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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