No 4 Ancells Court, Rye Close

Key Features

• Terraced office building - 2,360 sq. ft. over 2 floors with 14 car parking spaces.
• Let to Operatix Ltd on a FRI lease expiring 31.03.2029
• Lease from 01.04.2019, Lease is Outside L&T Act 1954.
• Current Rent £41,500 p.a.x, (£17.58 p.s.f). Upward only rent review on 01.04.2024 (To be reviewed).
• Offers in the region of £480,000 - net initial yield 8.23%. £202 psf Cap Val.
• No 2 Ancells Court (1,625 sq ft) also available For Sale.

Description

Ancells Court is a purpose built scheme of 8 small self-contained office buildings originally built for owner occupiers or investors. Our client owns two of the office buildings being No 4 (This property for sale) and No 2 (being about 1,625 sq ft).

Both these buildings are let to Operatix Ltd. Now owned/part of MemoryBlue which is a portfolio company of Avesi Partners, a leading private equity firm with $880 million of equity capital under management. Smart Search Delphi credit score of 89 out of 100. Low Risk.

We are offering No 4 and No 2 for sale freehold as fully let investments, available to purchase individually or combined as a single lot. Further details on the No 2 investment are available on request.

Available area

The accommodation comprises the following areas:

Location

Ancells Court is located on the established and popular Ancells Business Park. Local shopping facilities are a short walk away with nearby Ancells Park consisting of a Tesco Express, cafe and hair salon. Slightly further on is the very popular Heron on the Lake pub/restaurant.

Ancells Business Park is less than a mile from Fleet mainline station. The quickest train service from Fleet is 40 minutes to London Waterloo. The M3 motorway at J4a is only a 2.5 miles drive from Ancells Court.