Finance House, 20-21 Aviation Way, Southend On Sea, Essex, SS2

£1,100,000

Guide price

LOCATION:

Aviation Way is located in an established industrial area to the west of London Southend Airport, some 2.5 miles north of the centre of Southend on Sea. It is approximately 0.75 mile from the A127 London Southend Arterial Road which links to the M25 and ongoing motorway network, which is approx. 18 miles to the west.

Just 0.2 miles from the investment, work has started on a 55 acre greenfield site, creating a state-of-the-art business park. Southends largest commercial development in decades

The park will exploit commercial opportunities offered by the Airport to provide up to 7,000 new jobs in up to 1.2million sq. of new floor space including medical / technical industries. The development of the business park will act as a catalyst for regeneration and development to other nearby employment clusters.

DESCRIPTION:

We are delighted to bring to the market this high specification office building, built in 2006. The ground and first floors are currently let to ten separate tenants all on a serviced office basis with leases ranging from 6 months – 3 years. The current owner occupies the entire second floor creating a substantial office investment achieving approx. £85,586 per annum (currently only two serviced office vacancies to the first floor). The building boasts 18 car parking spaces. A full tenancy and expenditure schedule is available upon request. Interested parties are advised to contact Dedman Gray Property Consultants Ltd on 01702 311111.

Tenancy Schedule & Accommodation A full tenancy and expenditure schedule is available upon request.

Terms We are offering this Leasehold Office Investment (980 years unexpired) at an asking price of £1,100,000 plus VAT. The property is available by way of Limited Company purchase therefore outside the scope of VAT, normal TOGC rules apply.

Services Although we are advised that the unit benefits from main services, we would recommend that all interested parties check with the relevant statutory authorities as to the existence, adequacy or otherwise of these. We are advised that each floor has its own electricity metering.

Planning Interested parties are recommended to make their own enquiries with the Local Planning Authority to ensure that any proposed use is in accordance with the current planning policy. Telephone Rochford District Council on 01702 546 366.

Features **Very Modern Offices**Full or Part Investment**Passenger Lift**Easy access to A127 **18 Parking Spaces**Kitchen and Toilets to Each Floor**Close to London Southend Airport**High Spec**Good decorative order Air conditioning (not tested)

Business Rates Ground Floor: The space is entered onto the 2017 Draft Valuation as 'Office and Premises' with a rateable value of £15,764.

First Floor: All of the accommodation on this floor is broken into individual serviced office suites, each suite is separately rated and each of a size eligible for full business rates relief. Please see tenancy schedule for full valuations

Second Floor: The space is entered onto the 2017 Draft Valuation as 'Office and Premises' with a rateable value of £22,141.

We would recommend that interested parties contact the Rates Section at Rochford Council 01702 546 366 with any enquiries they may have.

Viewing By prior appointment with Dedman Gray Commercial on 01702 311111.

Arrange viewing 01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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