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1 Lime Court , Pathfields, South Molton, Devon, EX36

£590,000

£103.73 per sq ft

Business rates & charges may apply

Vickery Holman, Exeter
SIZE AVAILABLE

5,688 sq ft

528 sq m

SECTOR

Commercial property for sale

Key features

  • New lease to Azets Holdings Limited (Company Number: 06365189)
  • Approximately 5,688 sq ft (528.43 sq m)
  • Passing rent of £55,000 per annum
  • Modern office premises
  • Located in a prominent position on Pathfields Business Park
  • 21 Parking spaces onsite
  • Low Capital Value of £103.73 psf for the Freehold.

Description

The property consists of a purpose built modern end of terrace office development over the ground, first and second floors. The property is fitted to a good quality office fit out with air conditioning, carpet covering to all floors, painted plaster walls with some internal demountable partitions and suspended tiled ceilings with recessed lighting. There are also plans by the tenant to upgrade in due course. The property benefits from 21 parking spaces to the front with bike storage also located onsite.

The reception and meeting room area is located on the ground floor with central staircase leading to the office accommodation above. There is also lift access via the central staircase and overall the accommodation provides one of the best office buildings in the town.

We are instructed to seek offers in the region of £590,000 for the Freehold subject to the existing lease to Azets Holdings Limited which reflects a NIY of 8.88% after an allowance for purchaser's costs of 5.02%. A purchase at this level reflects a low Capital Value of £103.73 psf for the Freehold.

Brochures

1 Lime Court , Pathfields, South Molton, Devon, EX36

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Umberleigh Station6.8 miles

About Vickery Holman, Exeter

Balliol House Southernhay Gardens, Exeter, EX1 1NP

Vickery Holman is a multi-disciplined property company, the roots of which can be traced back as far as 1848. Today, the consultancy has more than 60 people working in four offices, strategically placed across the South West. Vickery Holman is a limited company, owned by its employees, and is a member of the RICS (Royal Institution of Chartered Surveyors).

Our consultants offer a full spectrum of skills in all areas of property, from all aspects of general practice and building surveying, right through to the management of commercial and residential property. Our specialist areas include dispute resolution, development consultancy, valuation, lease consultancy, business rates negotiations, in addition to commercial sales, lettings and acquisitions.

We deliver commercial property opportunities to a wide range of clients from single tenants to large scale investors. Our tailored, personal service aims to empower all our clients, whether they are new to property or seasoned professionals. We believe communication through personal contact is key to highlight those investment opportunities or potential pitfalls.

Can't find what you are looking for here? Call one of our offices in your area to speak to our experts who can identify with your property requirements and guide you through the process to find the right option for you.

Notes

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Disclaimer - Property reference 21313FH. 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 Vickery Holman, Exeter. 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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