*********SALE AGREED ********
We have been instructed by our client to request “Best Bids” for the above properties no later than 12 midday on Friday 23rd of September 2016.
Woodquay Court - Investment Opportunity Investment property currently producing a rent of 139,000 per annum with excellent reversionary income potential Part of ground floor let to AXA Insurance on a 35 year lease from 1 June 1986 at a current passing rent of 128,000 per annum. Telecoms mast let to Meteor on a 15 year lease from 1 December 2000
Tenants Not Affected
The property for sale comprises a four storey over basement purpose built office block built approximately 40 years ago extending to approximately 1,486 sq m (15,995 sq ft). Externally the property is of concrete block wall construction with a brick façade incorporating a number of glazed display frontages under a flat roof.
The building is divided into a number of individual commercial units. Internally the property is finished to a second generation office specification and the common areas are finished with plastered and painted walls with tiled floor covering. Male and female toilet facilities are located on all floors. The ground floor comprises of four own door commercial units with two currently occupied by Axa Insurance. The office accommodation which is located over first, second and third floors and are laid out to provide a mix of open plan and cellular office accommodation. The property is fully connected to mains water, drainage and electricity and has the benefit of 17 no. secure on site car parking spaces