Sandbeck Way, Wetherby, LS22 7BA
The property is situated off Sandbeck Way, in what is known as a popular mixed use commercial area. Other local uses include a mix of both office accommodation and industrial occupiers. The property is only short distance away from Wetherby Town Centre and is approximately 1 mile from the A1 (M) making commuting to and from the local area ideal.
Knights house comprises a modern two storey detached office block which has been constructed to a high specification throughout. This includes suspended ceilings, carpets throughout, gas central heating as well as being fully cabled. Further benefits include an internal lift, DDA compliance as well as substantial external parking.
The ground floor is let with the first floor currently vacant. The property would therefore suit those looking for an investment opportunity or alternatively a business looking to occupy the first floor and benefit from the ground floor rental income.
The ground floor suite is let to 'Home Group Developments' for a term of 15 years from 1st February 2016. This is at an annual rent of £40,625 with a tenant only break option on 1st February 2021. Further details on the tenant can be provided on application to the agent.
The first floor is currently vacant and offers space in excess of 3,305 sq ft. It is anticipated that once let this floor would generate a further income of approximately £41,312 which equates to £12.50 per square foot.
All mains services are connected to the property.
The property is available to purchase freehold at a guide price of £1,000,000. This reflects a reversionary yield of 7.5% once the first floor is let.
Rateable Value: £27,750.
Uniform Business Rate for 2018/19: £0.480.
Small business rate relief may be available to some occupiers. Further enquiries should be directed to HBC 01423 500600.
All figures quoted are deemed exclusive of VAT where applicable.
Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.
The building has consent to be used as an office accommodation B1 in the use classes order. Interested parties are advised to make their own enquiries of the local planning authority in respect of planning proposals if any change of use is envisaged.
If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.