1 Ash Court - PRICE REDUCED

Overview

FOR SALE
1 Ash Court, Parc Menai, Bangor
Total of 2,200 sq ft
9 allocated car spaces
Provides 3 lettable suites + kitchen + WCS
Suite A (1,000 sq ft) - Vacant - 5 car spaces
Suite B (600 sq ft) - Let to Tiffany Lazic - 3 yr lease from 1 May 2023 - 2 car spaces
Suite C (600 sq ft) let to Kimberley Gulf Ltd - 9 yrs from 1 Dec 2021 with breaks every 3 years - 2 car spaces
Passing rent = £14,400 pa

Total income when fully let = £26,400 pa

WC's and kitchen are shared.
High speed internet via "Fibrespeed" is available

Each suite qualifies for small business rates relief

Purchase is of the long lease to expire Feb 2254 for sale
Copy of long lease available upon request

Ideal SIPP purchase
Well presented space
VAT is payable
Sale anticipated to be by way of TOGC

Features

• Office investment for sale - Also would site owner occupier
• 2,200 sq ft @ £220,000
• Passing rent = £14,400 pa
• Total rent when fully let = £26,400
• Each suite qualifies for small business rate relief