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Overross House, Ross Park, Ross-On-Wye, HR9

Guide Price
£2,500,000

£140.20 per sq ft

Business rates & charges may apply

Bruton Knowles, Gloucester
SIZE AVAILABLE

17,832 sq ft

1,657 sq m

SECTOR

Office for sale

Description

INCOME PRODUCING INVESTMENT OPPORTUNITY

The property comprises a detached, modern two storey office building situated adjacent to the A449 trunk road at Ross on Wye, Herefordshire. It is currently producing a gross income of £191,010 per annum and benefits from the following features:

Spacious communal reception areas
High quality WC & kitchen facilities
Excellent levels of natural lighting
Gas central heating
Part air conditioned - communal server room and some installed by tenants.
Open plan flexible working areas
Flexibility to partition accommodation to suit occupiers needs
CCTV and other security
Gated access

Externally the property sits within a self-contained plot with its own discrete access off a shared service road directly from the A449.
There is a large, surfaced car park adjacent with additional overspill available.

INVESTMENT CONSIDERATIONS

Modern office building with flexible open plan working areas

58 dedicated parking spaces plus overspill of a further 40 spaces

Well located freehold adjacent to the M50/ A449 dual carriage way

£191,010 passing rent pa with reversionary potential

£214.010 pa - estimated rental value, allowing for uplift after vacant areas are let and rent review settled

Low capital value - £140 per sqft

Offers are invited in the region of £2,500,000.

This provides an investor with a net initial yield of 7.19% allowing for purchaser's cost based upon 6.28% rising to a gross yield of 8.56% when fully let and upon reversion.

Brochures

Overross House, Ross Park, Ross-On-Wye, HR9

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ledbury Station10.2 miles

About Bruton Knowles, Gloucester

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Disclaimer - Property reference 5273FH. 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 Bruton Knowles, Gloucester. 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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