Prestigious office investment let to Aug 23, scope for vacant possession, & Prior Approval obtained for conversion to 22 flats

Key Points

• Prestigious office investment (potential for vacant possession) approx. 12,829 Sq ft GIA
• Let to Angus Fire until August 2023 at £175,000 per annum
• Prior Approval for conversion to 22 flats
• 50 car spaces & walking distance to station
• Ideal for owner occupation

Description

Prestigious Grade A office investment measuring approx. 12,830 Sq ft with 50 car spaces, located close to the BR Station.

Let to Angus Fire until August 2023 at £175,000 per annum, with potential for vacant possession.
Prior Approval obtained for conversion to 22 flats measuring 13,325 Sq ft NSA.

Office specification includes suspended ceilings, Cat II lighting, ceiling-mounted comfort cooling, raised access floors, Boardroom and Kitchen on second floor plus Reception area and Toilet facilities.

Location

The property is located on Pegasus Way, Haddenham Business Park, a few minutes' walk from Haddenham and Thame Parkway Station, with direct trains to London Marylebone (approx. 40 minutes). The property lies about two miles from Thame and 6.4 miles from Junction 7, and 8 miles from Junction 8 of the M40 motorway. London Luton Airport is 25 miles.

Terms

Price: Offers excess £2,250,000

Passing rent on the whole £175,000 per annum exclusive.

Current lease expires August 2023.

Rates

The property lies within the rating area of Aylesbury Vale, according to which the rateable value is as follows:

Rateable value - £123,000

Rates payable can be affected by transitional arrangements, and we would recommend that interested parties should make further enquiries for clarification.