Investment

Calenick House, Truro Technology Park, Newham, Truro TR1 2XN

  • Newham
  • £650,000
  • 4,698 Sq Ft

Property Features

  • DEVELOPMENT/INVESTMENT OPPORTUNITY
  • CURRENTLY PRODUCING 10% RETURN
  • OVER-FLOW CAR PARK INCLUDED
  • MANAGEMENT COMPANY INCLUDED
  • ENERGY PERFORMANCE RATING (C)

Property Summary

The company Kernovation Ltd is to be sold, together with all assets. The assets include the Freehold of Calenick House producing an annual income of £51,000; the overflow carpark producing an annual income of £14,640; the freehold of Building 2 (sold off on long-leases) and the management company. The current annual income (excluding service charge) is £65,640, representing a return of 10%.

Full Details

ACCOMMODATION:

Ground Floor Office Suite 1:
Total Gross Internal Area - 139.5sqm (1,502sqft).

Ground Floor Office Suite 2:
Total Gross Internal Area - 79.5sqm (856sqft)

First Floor Office Suite 3:
Total Gross Internal Area - 140sqm (1,507sqft)

First Floor Office Suite 4:
Total Gross Internal Area - 77.5sqm (834sqft)

Total Gross Internal Area - 437sqm (4,698sqft)

PARKING:

Dedicated and overflow Parking Spaces available.

There is an overflow car park of 20-24 spaces let on an individual basis with flexible terms. The total annual income is circa £14,640.

FACILITIES:

Air conditioning
Ample parking
Fibre optic broadband
Conference room
Lifts to all floors
Toilets
Staff kitchens

SCHEDULE OF TENANCIES:

Office Suite 1:
Current Rent - £15,000pa
Annual Service Charge - £1,500plus VAT
Parking Spaces - 4
Lease Expiry - 22/07/2024
Tenant - HPAS T/a Safestyle UK

Office Suite 2:
Rent - £12,000pa
Annual Service Charge - £900plus VAT
Parking Spaces - 4
Lease Expiry - 21/04/2023
Tenant - Pure Financial Solutions

Office Suites 3 and 4:
Rent - Years 1-3 - £24,000pa; Years 4-6 - £27,000pa
Annual Service Charge - £4,000plus VAT (TBC)
Parking Spaces - 6
Lease Expiry - 28/01/2028
Tenant - Copper Rock Financial Solutions LLP

Total Annual Rent from Building - £51,000plus VAT
Total Annual Service Charge - £6,400plus VAT
Total Parking Spaces - 14
Total income from Overflow Car Park: Variable - £14,640pa plus VAT

VIEWINGS:

An internal inspection can be arranged by Redgrave Commercial.

More Information

  • Make Enquiry
  • Floorplan
  • View EPC
  • Call 07866 584118