** GUIDE PRICE £600,000 – £650,000 ** A unique opportunity to acquire this high yielding, commercial investment in the village of Thorpe-Le-Soken. The property is currently producing £59,620.50 PA with an anticipated yield of £74,920.50 at full occupancy. The opportunity comprises a recently converted factory offering 6 individual offices, a second building split into 6 offices and 3 storage units as well as a large car park.
THE PROPERTY
Comprising two buildings with a total lettable area of approximately 5363 Sq Ft. 12 of the 15 spaces are currently let.
The Factory – A two storey detached former factory which was converted approximately 6 years ago
The Works – A single storey detached building
SITE
Approximately 0.43 acres in total, comprising three separate titles (EX740818, EX888268, EX787075).
LOCATION
The site is located in a recessed position off of the High Street in the village of Thorpe-Le-Soken. Accessed via two entrances from the High Street. Thorpe-Le-Soken is a village in the Tendring District of North Essex with a population of circa 2,500, well served by amenities and situated between Weeley & Frinton-on-Sea.
SCHEDULE
A full schedule of current tenancies is available upon request.
VAT
We are advised that the property is elected for VAT and therefore VAT will apply to the purchase price.
BUSINESS RATES
Offices are rated individually for Business Rates and are the liability of the Tenants.
SERVICES
We understand that mains electricity, water and drainage are connected. Heating to The Factory via LPG.
Agents Note Sales
PLEASE NOTE – Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.
AML
ANTI-MONEY LAUNDERING REGULATIONS 2017 – In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.
