Description
- AVAILABLE IN OUR AUCTION ON THE 18TH JUNE 2025 AT 3PM - LOT 2.
- High quality office building
- Investment opportunity
- 5755 sq. ft
- 22 parking spaces
- All mains services are connected to the property.
A superb and rare opportunity to acquire the freehold interest of this high quality spacious purpose-built Office building arranged over two floors and with a net internal floor area extending to 5755 sq. ft. Please see floorplan for gross area.
The current layout of the building lends itself to a single use occupancy with multiple employee capacity, or it could be divided into 4 smaller self-contained offices thus utilising the already located staircases, lifts and washroom facilities.
The property is suited for owner occupation or as an investment opportunity, we have recent market evidence of £12.50 to £15.00 per square foot ( £134.00 to £161.00 Per square metre) being obtained for similar office buildings. The property has full mains power including gas, electricity, water, and mains sewerage connections.
In addition there are 22 allocated parking spaces directly outside the building and in a separate set of bays on the other side of the road.
The property represents an excellent investment opportunity or owner occupation fulfilment.
Rateable Value - £62,500
VAT
VAT is payable on 90% of the purchase price, please see legal pack for further details.
Solicitors
Elliott James Legal Ltd, Glouchester House, Stockton on Tees, TS18 1TW. Tel: 01937 547090 FAO: Michael Whitworth.
Tenure: Freehold.