|Property Type||Investment / Offices|
|Size||4,440 sq ft|
|Price||Offers in the region of £875,000|
|Business Rates||Each suite has been separately assessed for business rates. Further details on request|
|Service Charge||Please contact us for further information.|
|Energy Performance Rating||This property has been graded as B (40)|
Developed in 2007, Chequers Barn provides highly specified office suites within a sympathetically designed two storey building set in a delightful yet strategic semi-rural location. A total of 6 suites from 334 sq ft to 1,446 sq ft, are accessed off a central core with kitchen facilities and cloakrooms on ground and first floors. The building has a passenger lift and ample parking is provided to the front and in a large car park to the rear. The building is let to a mixture of local businesses.
The property provides the following suites (tenancy schedule available on request):
|Name||sq ft||sq m||Rent|
|Ground - Office 1 / 1A||1,446||134.34||£18,261 per annum|
|Ground - Office 2||1,010||93.83||£15,500 per annum|
|Ground - Office 3||425||39.48||£7,500 per annum|
|Ground - Kitchenette||75||6.97||-|
|1st - Suite 5||504||46.82||£10,000 per annum|
|1st - Meeting Room||177||16.44||-|
|1st - Office 6||394||36.60||£7,000 per annum|
|1st - Suite 6A||334||31.03||£6,882 per annum|
|1st - Kitchenette||75||6.97||-|
Chequers Barn is set in the tranquil semi-rural hamlet of Bough Beech, approximately 4 miles east of Edenbridge, 7 miles south of Sevenoaks and a similar distance to the west of Tonbridge. Junction 5 of the M25 is only some 6 miles to the north.
- Bright creative spaces
- Impressive vaulted ceilings to 1st floor suites
- Centrally heated (communal boiler)
- Air conditioning to 3 suites (tenant installed)
- Shared meeting room & kitchen facilities
- Passenger lift
- Double glazed
- Large car park
Offers in the region of £875,000 are sought for the freehold interest in the property, subject to contract and exclusive of VAT.
A sale at this price represents a capital value of £197 per sq ft (NIA) and a net initial yield of 7.07% assuming purchaser’s costs of 5.3%.
Each party to pay their own.
The property is currently let to 5 companies with a 6th business due to complete a new lease within the next few weeks. Once this letting has completed, the total rental income will be £65,143 pa exclusive. Each tenant pays a service charge in respect of the common costs, services and the maintenance of the property. A tenancy schedule is available on request.