Compass House, Shrewsbury Road, Prees, Nr Whitchurch, Shropshire
Offers in Excess of  £225,000

  • Modern detached single storey office building with generous on-site car parking
  • Well-appointed modern office accommodation extending in total to approx. 3,335 sqft (309.88 sqm) net internal.
  • Let to Fourways Vehicle Solutions Limited on a new 5 year lease at a rent of £17,400 per annum exclusive on a Tenant’s full repairing and insuring basis subject to a Tenant break option at the end of the third anniversary
  • We are instructed to seek offers in excess of £225,000 for the freehold property. A purchase at this level reflects a net initial yield of 7.55% after allowing for usual Purchaser’s costs of 2.47%

DESCRIPTION

The property comprises a single storey office building of brick construction beneath a flat roof and provides well-appointed centrally heated accommodation extending in total to approximately 3,335 sqft (309.88 sqm) net internal.

The accommodation is partitioned internally to provide a range of large open plan and cellular offices having carpeted floors, oil fired radiator central heating, perimeter trunking, UPVC double glazed windows, separate male, female and disabled toilet facilities and staff kitchenette facilities.

There is a surfaced forecourt immediately fronting the office with extensive surfaced car parking at a higher level for approximately 23 vehicles.

The site area is understood to extend to 0.3 of an acre or thereabouts.

There is an enclosed yard to the rear accessed over the adjoining estate

The property is conveniently located just off the A49 trunk road approximately 5 miles to the south of Whitchuch.

The property fronts Prees Industrial Estate which is an established business location on the southern outskirts of the village of Prees.

Shrewsbury and Telford are approximately 15 miles to the South whilst Newcastle-Under-Lyme is approximately 20 miles to the north east.

The property is freehold and is offered for sale by private treaty subject to and with the benefit of the occupational lease granted to Fourways Vehicle Solutions Limited.

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