Commercial office investment currently producing £24,500 gross pa

Freehold two-storey office currently let producing £24,500 per annum This modern two storey office building is located in a highly convenient position close to the A47, Norwich to Great Yarmouth road, and within a short distance of Broadland Business Park. The entire property is at present let to Keys Hill Park Ltd on a ten year lease from 2012 at £24,500pa. The current accommodation which includes a range of offices, boardroom, staff toilets and kitchen extends to 125.48 square metres (1,350 square feet). In addition there are 10 parking spaces. The property is in excellent order and we believe this to be a sound investment opportunity. The tenants (Keys Hill Park Ltd) were recently bought by the Lifeways Group, one of the UK's largest providers of mental health services. According to the Valuation Office website, the property is described as offices and premises with a rateable value of £9,700.

Tenure

Freehold

Description

Ground Floor

Entrance Hall, Boardroom, Two Offices, Kitchen, Ladies and Gents Toilets

First Floor

Landing, Three Offices

Outside

Staff and Client Parking

Note

An annual service charge of £750 is payable to Norwich United Football Club for the maintenance of the communal areas.

Viewing

Please call the Auctioneers - 01603 505100

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Broadland District Council. Tel: 01603 431133

Solicitors

Leathes Prior, 28 Tombland, Norwich, Norfolk NR3 1RE, Ref: Mr Rob Sibley, Tel: (01603) 610911

Additional Fees

Administration Charge - £720.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.