01733 897722

bsm.uk.com

INVESTMENT/OWNER

OCCUPIER UNITS FOR SALE

• Ideal SIPP / SSAS purchase opportunity.

• Office investments in a prime business park

location

• Opportunity for owner/occupiers with part let

income

From £175,000

1,660 - 1,826 sq ft (154.2 - 169.6 sq m)

UNITS 6,8 AND 20 TESLA COURT, INNOVATION WAY,

LYNCH WOOD, PETERBOROUGH PE2 6FL

INVESTMENTS - FOR SALE

PHOTOGRAPH SHOWS A GENERIC IMAGE OF TESLA COURT

Note: Barker Storey Matthews is the trading name of Eddisons Commercial Limited. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they

be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted

exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be

found at: www.ipmsc.org/standards/office

Unit 6

Ground Floor 68.75 sq m (740 sq ft) First Floor 85.47 sq m (920 sq ft)

Total 154.22 sq m (1,660 sq ft) Occupiers -Ground Floor let to Posh Gecko on a lease expiring 31/08/21, rent £9,250 a year inclusive of service charge. -First Floor let to Interserve Healthcare Plc on a 3 year lease expiring 13/11/21. Rent is £12,750 pa inclusive of service charge and buildings insurance. EPC rating D (78) Business Rates - Ground floor Rateable value £8,200 - First floor Rateable Value £9,800. Car Parking 7 spaces allocated to the building. Total Rent £22,000 a year. We estimate the net rent to be £17,065.60 a year. Further details upon request. Price £175,000 exclusive. Yield - Gross yield 9.75%. Net initial yield 9.49% after allowing costs of £4,790.

Unit 8 Ground Floor 76.92 sq m (828 sq ft) First Floor 92.72 sq m (998 sq ft) Total 169.64 sq m (1,826 sq ft) Occupiers -Ground Floor let to Next Steps Community Care Ltd, on a 5 year lease expiring 14/01/25 with a rolling tenan break at any time on 6 months notice. Producing an annual rent of £8,300 pa. -First Floor – currently vavant EPC rating C (70) Business Rates ground floor rateable value £9,100 Car Parking 3 spaces allocated to the ground floor, 4 spaces allocated to the first floor. Total Rent £8,300 pa. We estimate the expected rental value when fully et to £18,300 pa. Price £192,500 exclusive.

Location Peterborough Business Park is the premier office location serving Peterborough and has in excess of 1 million sq ft of offices. Major occupiers include YBS Group, Bauer, ABF, ADP, Persimmon, Cummins, National Kidney Research Council and Royal & Sun Alliance. A Marriott Hotel is located at the western end of the business park. _________________________________________________ Description The properties comprise two distinct terraces with a larger self contained detached building located centrally. Each building provides modern office space over ground and first floors with designated car parking spaces. Some occupiers have also rented additional spaces by way of separate licences. _________________________________________________ Services Mains electricity and water are believed to be available to the premises. Interested parties are advised to make their own enquiries of the relevant service providers. Often, where buildings are vacant, services can be disconnected so no warranty can be given in respect of the connection, condition or working order of services, fixtures and fittings. _________________________________________________ Tenure Each building is available for sale by way of 999 year leasehold (virtual freehold) at a fixed annual ground rent of £100 plus VAT. _________________________________________________ VAT VAT is chargeable on prices quoted. In some cases, a sale may be treated as a Transfer of Going Concern, TOGC. Further details upon request. _________________________________________________ EPC EPC certificates are available upon request. _________________________________________________ Service charge A service charge is levied for the upkeep and maintenance of the estate with each unit contributing based on floor area as a percentage of total floor area of the estate. In most cases occupying tenants pay the charge under the terms of their lease _________________________________________________

Legal costs Each party to be responsible for their own legal costs associated with each transaction.

Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough

Note: Barker Storey Matthews is the trading name of Eddisons Commercial Limited. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they

be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted

exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be

found at: www.ipmsc.org/standards/office

Unit 20 Ground Floor 68.75 sq m (740 sq ft) First Floor 85.47 sq m (920 sq ft) Total 154.22 sq m (1,660 sq ft) Occupiers -First floor let to Major Travel, rent £9,200 per annum with a new lease of 3 years from 01/11/19 -Ground Floor – currently vancat EPC rating C (64) Business Rates ground floor rateable value £8,200. First floor rateable value £10,250. Car Parking 3 spaces are allocated to the ground floor – 4 spaces are allocated to the first floor Total rent ERV £16,200 a year upon the letting of the vacant space. Price £175,500 exclusive. _________________________________________________ Viewing Strictly by appointment with the sole agents:- Barker Storey Matthews The Lawns 33 Thorpe Road Peterborough PE3 6AB Julian Welch julian.welch@eddisons.com 01733 897722

Ref: 4F090 (INV)

Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough

Note: Barker Storey Matthews is the trading name of Eddisons Commercial Limited. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they

be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted

exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be

found at: www.ipmsc.org/standards/office

Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough