Property to buy

£185,000 Asking Price

Chippenham office

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Caroline Ferris - Humberts Estate Agents Chippenham

Caroline Ferris

Chippenham

01249 444557

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About the property

8 Cavalier Court is a self-contained office building providing office accommodation over ground and first floors. It is currently let as a whole, with vacant possession being agreed upon a sale, but provides flexibility for the ground and first floors to be let/occupied separately or it may lend itself well to further sub division into smaller suites. The property is maintained to a good standard and has suspended ceilings throughout with Cat II lighting. There are male and female WC’s to the ground floor, kitchen facilities, a gas fired ducted air system providing heating and air conditioning to the first floor. Outside there are 8 allocated car parking spaces.

Accommodation
The unit has been measured in accordance with the International Property Measurement Standards (IPMS) and offers the following levels of accommodation:

Area (IPMS 3 - Office) Sq. ft Sq. m
Ground Floor 891 82.8
First Floor 1100 102.2
TOTAL 1991 185

Lease
The property is currently let to Trisoft Limited which is a Microsoft Gold Partner IT services company. The company has been in occupation since 8th April 2008 and entered into a new lease dated 22nd March 2013 for a term expiring on 7th April 2018 at a rent of £15,250 per annum plus VAT on an internal repairing and insuring basis.

The current landlord has agreed a surrender triggering vacant possession if a new tenant can be found prior to the lease expiry.

Terms
The property is held on a long leasehold basis and is available for sale with a guide price of £185,000 for the leasehold with the benefit of vacant possession. The leasehold interest is the residual of 999 year lease granted on 25th December 1988 at a fixed ground rent of £200 pa. Full copy of the head lease and occupational lease can be made available in electronic form by email to applicants who have confirmed their interest.

Finance Act 1989
Unless otherwise stated, all prices and rents are quoted exclusive of VAT and any intending purchasers or lessees should satisfy themselves independently as to VAT in respect of any transaction.

Legal Costs
Each party will be responsible for their own legal and administrative costs arising from any proposed transaction.

Planning
We have been advised that the premises benefit from an established use within Class B1 of the Use Classes (Amendment) Order 2005.

Further Information/Viewing
Please contact the sole agents, Humberts on:
T: 01249 444555
E: andrew.west@humberts.com

  • Parking
  • Office
  • Industrial Estate
  • Modern/Post War
  • Lease to be advised
Photos
  • Bumpers Way, Chippenham, SN14
Location
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About the location

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Humberts Chippenham estate agents
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Humberts Chippenham estate agents

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Chippenham

01249 444 557