| Property Type | Investment / Offices |
| Tenure | For Sale |
| Size | 4,440 sq ft |
| Price | Offers in the region of £875,000.00 |
| 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) |
Attractive Multi-let Office Investment on half an acre
Key Features
- Modern purpose built offices
- Two storey providing 6 suites
- Current income £65,143 pax
- Set within 0.5 acres
- Ample parking
- Asset management opportunities
Description
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.
Available area
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 /annum |
| Ground - Office 2 | 1,010 | 93.83 | £15,500 /annum |
| Ground - Office 3 | 425 | 39.48 | £7,500 /annum |
| Ground - Kitchenette | 75 | 6.97 | - |
| 1st - Suite 5 | 504 | 46.82 | £10,000 /annum |
| 1st - Meeting Room | 177 | 16.44 | - |
| 1st - Office 6 | 394 | 36.60 | £7,000 /annum |
| 1st - Suite 6A | 334 | 31.03 | £6,882 /annum |
| 1st - Kitchenette | 75 | 6.97 | - |
| Total | 4,440 | 412.48 |
Location
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.
Specifications
- 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
Terms
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%.
Legal Costs
Each party to pay their own.
Tenancies
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.
