The Green Building, Graylands Estate

COMMERCIAL INVESTMENT OPPORTUNITY

LONG LEASEHOLD INTEREST

Status

For Sale

Location

Graylands Estate is situated approximately 1.5 miles north of Horsham town centre, close to the A264, linking up with the A23 with Gatwick Airport being approximately 9 miles to the north- east.

Description

The Green Building comprises 4 self-contained offices which are each let to individual tenants, along with a communal break out/kitchen area and separate male and female WC's, used by all. New double glazed windows have recently been fitted to the offices which have a 10 year warranty. The roof has also been insulated and re-covered with a 20 year insurance back warranty.

Specifications

• Rural outlook with excellent natural light
• Electric radiators
• Perimeter trunking
• Kitchenette & WC's
• 12 on-site car parking spaces

Available area

The accommodation comprises the following approximate net internal floor areas:

Tenure

The premises are available by way of a sale of a new 999 year long leasehold interest, subject to the existing tenancies.

Tenancies

There are four individual tenants which provide a total net yearly income of £37,890. Further details are available upon application.

Ground Rent

The initial ground rent shall be £400 per annum, which shall be reviewed in line with the retail price index every 25 years.

VAT

VAT will be applicable on the terms quoted.

Business Rates

Rateable Values from 1 April 2023:
No. 15-16: £13,000
No.17: £11,000
No.18: £7,800
We advise that you contact the Local Rating Authority for confirmation of the actual amount payable.

Legal Costs

Each party to be responsible for their own legal costs.

Price

Offers in the region of £450,000.00

Service Charge

A security and estate charge shall be applicable towards the security, upkeep and maintenance of the estate. Further details upon request.

Energy Performance Rating

This property has been graded as D (86)