Additional information:
A unique opportunity to buy a modern commercial building located on an established business park near Stansted Airport. The property is a two-storey building with mainly brick elevations under a pitched, tiled roof. On entering the property there is an entrance lobby with a glazed pedestrian access door leading to an open staircase.
The ground and first floors each provide excellent office space, with a large open plan space that also benefits from several individual offices, ideal for meeting rooms, storage and private offices. Each floor has WCs with a disabled WC on the ground floor. There is a kitchen and break out area located on the first floor. The space is fully air-conditioned with raised floors and suspended ceilings and benefits from good natural light throughout and countryside views. Externally there is a dedicated parking area with 10 allocated parking spaces.
The property is fully let to a company who have been in occupation for over 10 years. This provides a secure covenant with an initial income of £65,000 per annum exclusive of VAT, representing a Gross Return of 8% or Net Initial Return of 7.55% after deducting assumed purchaser’s costs of 6%. For further details of the lease please see the property particulars.
M11 Business Link is a modern business park constructed in 2008, situated just 3.5 miles north of Bishop’s Stortford and 3 miles (by road) west of Stansted Airport. M11 Junction 8 is 2 miles by road, providing easy access to London, the M25 and the wider motorway network, with Cambridge to the north. The A120 connects east to west. There are fast mainline rail services from Stansted Airport and Bishop’s Stortford to London Liverpool Street (40 minutes) and dedicated coach and bus services serving both local and national routes.
