20 The Causeway, Bishops Stortford, Essex, CM23
Offers in Region of
£500,000
£184.16 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,715 sq ft
252 sq m
- SECTOR
Office for sale
Key features
- Town centre office investment
- LED lighting
- Air conditioning
- 4 car parking spaces
- Kitchenette facilities
- Gas fired central heating
Description
The property forms an end of terrace three storey office building fronting the Causeway. The accommodation is generally open plan and benefits from rear access onto the car park. Male and female WC facilities are provided on the ground and 2nd floors.
The accommodation benefits from:
LED lighting
Air conditioning
Suspended ceilings
Kitchenette facilities
Gas fired central heating
4 car parking spaces
Telephone Entry System
LOCATION
The property occupies a prominent position on The Causeway (A1250), which forms the principal accessway into Bishop's Stortford.
Bishop's Stortford is situated approximately 30 miles north east of London and 26 miles south of Cambridge and is the closest town to Stansted Airport being 5 miles to the east.
Bishop's Stortford train station is approximately 0.3 miles to the southeast of the property and provides a frequent service to London Liverpool Street with journey times from approximately 38 minutes. A regular service is also provided to Cambridge with journey times from approximately 29 minutes.
Adjacent to the property is the Jackson Square shopping centre which is anchored by Sainsbury's with other occupiers to include Pret, Nando's and H&M. The centre also provides pay and display car parking.
ACCOMMODATION
[approx. net internal areas]
Ground Floor Office: 747 sq ft [69.42 sq m]
First Floor: 1,116 sq ft [103.68 sq m]
Second Floor: 852 sq ft [79.11 sq m]
Total: 2,715 sq ft [252.21 sq m]
TENANCY
The ground and first floor are let to Scendea Limited (08639168) which was incorporated in August 2013 and as at 30th June 2023 reported a total net worth of approximately £350,000 and is classified by Experian Business Express as 'Very Low Risk'.
The Lease is for a term of 5 years from 24th March 2022 on an internal repairing basis limited by way of a schedule of condition and the Tenant is to contribute towards a service charge. The annual rent is £33,900 per annum subject to an upwards only rent review to open market rent on 1st April 2024.
LOCAL AUTHORITY
East Herts District Council
T.
ENERGY PERFORMANCE CERTIFICATE
D - 78.
PLANNING
We understand that the property has longstanding Class E Office Use.
BUSINESS RATES
Please refer to the marketing particulars.
SERVICES
We understand the property is connected to mains water, drainage, gas and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.
SERVICE CHARGE
Tbc.
TITLE
Freehold under the registered title number: HD207841
A copy of the title is available upon request.
TERMS
The freehold interest in 20 The Causeway subject to the occupational lease is for sale by way of private treaty and unconditional offers are invited in the region of £500,000 plus VAT.
VAT
We understand that the property is elected to VAT.
LEGAL COSTS
Each party to bear their own legal and professional costs incurred.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identify prior to the instruction of solicitors.
The accommodation benefits from:
LED lighting
Air conditioning
Suspended ceilings
Kitchenette facilities
Gas fired central heating
4 car parking spaces
Telephone Entry System
LOCATION
The property occupies a prominent position on The Causeway (A1250), which forms the principal accessway into Bishop's Stortford.
Bishop's Stortford is situated approximately 30 miles north east of London and 26 miles south of Cambridge and is the closest town to Stansted Airport being 5 miles to the east.
Bishop's Stortford train station is approximately 0.3 miles to the southeast of the property and provides a frequent service to London Liverpool Street with journey times from approximately 38 minutes. A regular service is also provided to Cambridge with journey times from approximately 29 minutes.
Adjacent to the property is the Jackson Square shopping centre which is anchored by Sainsbury's with other occupiers to include Pret, Nando's and H&M. The centre also provides pay and display car parking.
ACCOMMODATION
[approx. net internal areas]
Ground Floor Office: 747 sq ft [69.42 sq m]
First Floor: 1,116 sq ft [103.68 sq m]
Second Floor: 852 sq ft [79.11 sq m]
Total: 2,715 sq ft [252.21 sq m]
TENANCY
The ground and first floor are let to Scendea Limited (08639168) which was incorporated in August 2013 and as at 30th June 2023 reported a total net worth of approximately £350,000 and is classified by Experian Business Express as 'Very Low Risk'.
The Lease is for a term of 5 years from 24th March 2022 on an internal repairing basis limited by way of a schedule of condition and the Tenant is to contribute towards a service charge. The annual rent is £33,900 per annum subject to an upwards only rent review to open market rent on 1st April 2024.
LOCAL AUTHORITY
East Herts District Council
T.
ENERGY PERFORMANCE CERTIFICATE
D - 78.
PLANNING
We understand that the property has longstanding Class E Office Use.
BUSINESS RATES
Please refer to the marketing particulars.
SERVICES
We understand the property is connected to mains water, drainage, gas and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.
SERVICE CHARGE
Tbc.
TITLE
Freehold under the registered title number: HD207841
A copy of the title is available upon request.
TERMS
The freehold interest in 20 The Causeway subject to the occupational lease is for sale by way of private treaty and unconditional offers are invited in the region of £500,000 plus VAT.
VAT
We understand that the property is elected to VAT.
LEGAL COSTS
Each party to bear their own legal and professional costs incurred.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identify prior to the instruction of solicitors.
Brochures
20 The Causeway, Bishops Stortford, Essex, CM23
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bishop's Stortford Station0.2 miles
- Stansted Mountfitchet Station2.7 miles
- Sawbridgeworth Station3.9 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 14870553FH. 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 Fenn Wright, Chelmsford Commercial Sales and Lettings. 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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