Office for sale Ross-On-Wye HR9 7US,17832sq ft

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Office

Office For Sale Ross-On-Wye

PROPERTY ID: 82786

PROPERTY TYPE

Office

STATUS

Available

SIZE

17,832 sq.ft

Property Details

The property is located approximately 6 miles from Ross on Wye, Herefordshire. Whilst Herefordshire is regarded as a rural County, this specific location offers excellent motorway links being adjacent to the A449 dual carriage way. This road provides a link to the A40 to the South Wales and the M50 motorway to the North East which itself links to the M5 approximately 30 miles away. Other major centres are : Gloucester 27 miles Cheltenham 36 miles Hereford 26 miles Worcester 34 miles London 120 miles Situated within close proximity are a number of other commercial users to include RG Williams Auctioneers, Labels retail warehousing, storage and distribution and several fast food outlets/convenience store operators with a petrol filling station situated on the other side of the A449. The location therefore offers all of the benefits of rural setting to both live and work with amenities close by but at the same time more akin to the fringe of a major conurbation with excellent motorway access.

Income Producing Investment Opportunity The Property Comprises A Detached, Modern Two Storey Office Building Situated Adjacent To The A449 Trunk Road At Ross On Wye, Herefordshire. It Is Currently Producing A Gross Income Of £191,010 Per Annum And Benefits From The Following Features: Spacious Communal Reception Areas High Quality Wc & Kitchen Facilities Excellent Levels Of Natural Lighting Gas Central Heating Part Air Conditioned - Communal Server Room And Some Installed By Tenants. Open Plan Flexible Working Areas Flexibility To Partition Accommodation To Suit Occupiers Needs Cctv And Other Security Gated Access Externally The Property Sits Within A Self-contained Plot With Its Own Discrete Access Off A Shared Service Road Directly From The A449. There Is A Large, Surfaced Car Park Adjacent With Additional Overspill Available. Investment Considerations Modern Office Building With Flexible Open Plan Working Areas 58 Dedicated Parking Spaces Plus Overspill Of A Further 40 Spaces Well Located Freehold Adjacent To The M50/ A449 Dual Carriage Way £191,010 Passing Rent Pa With Reversionary Potential £214.010 Pa - Estimated Rental Value, Allowing For Uplift After Vacant Areas Are Let And Rent Review Settled Low Capital Value - £140 Per Sqft Offers Are Invited In The Region Of £2,500,000. This Provides An Investor With A Net Initial Yield Of 7.19% Allowing For Purchaser's Cost Based Upon 6.28% Rising To A Gross Yield Of 8.56% When Fully Let And Upon Reversion.

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About the Agent

Bruton Knowles

See Agent's Other Properties

Office Unit

£2,500,000 Freehold

Overross House,Ross Park, Ross-On-Wye, HR9 7US

Office - Available
17,832 sq ft
1,657 sqm

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