Description
The premises comprises a purpose built end of terrace (corner) two-storey office building, forming part of a ‘courtyard’ office scheme of 12 similar style buildings with designated parking for 7 cars.
Gleneagles Court is an attractive landscaped courtyard scheme located on Brighton Road, a few minutes walk to the town centre and railway/bus stations.
Key Features
- Established Courtyard office development
- Crawley town centre close by
Accommodation
The approximate net internal floor area measured in accordance with IPMS3-Office under RICS Property Measurement 1st Edition is calculated as follows:
Ground Floor: 787 sq ft (73.12 sq m)
First Floor: 851 sq ft (79.06 sq m)
Total: 1,638 sq ft (152.18 sq m)
Amenities
- Air cooling
- Gas fired central heating
- Double glazed windows
- Perimeter trunking
- Cat II lighting
- 7 designated car parking spaces
Terms
For sale freehold subject to the existing tenancy. Further information on application.
Lease
The property is let to Get Skills Employment & Training Ltd on a full repairing and insuring lease for a term of 6 years from 1 June 2021 at a rent of £23,000 pax (subject to an upward only rent review on 1 June 2025). The lease provides for a tenant's only break option on 1 June 2025.
Tenant Covenant
The tenant Company (an Employment Placement Agency) was incorporated on 23 November 2009 and has a Experian score of 99 (Very Low Risk). Company Registration No: 07083532
Guide Price
Offers are invited in excess of £345,000. At this level the gross initial yield will be circa 6.6%. Guide on application.
Services
Graves Jenkins has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.
EPC
EPC to follow.
Business Rates
Rateable Value: £19,500
Rates Payable: £9,730.50 (2024/25)
VAT
VAT will be applicable.
Legal Fees
Each party to bear their own legal costs involved in the transaction.
AML
A successful bidder will be required to satisfy all Anti Money Laundering requirements when Heads of Terms are agreed.
Viewing Arrangements
Strictly via prior appointment through sole Agents Graves Jenkins.