Serviced Offices With Development Potential | | West Norwood London | | The Business Partnership is delighted to bring to market this very stable, easily managed serviced office business situated in West Norwood, SE London. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69346
ADVERT IMPRESSIONS : 13,615 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Office Space | | SALE: | Agent Sale | LEASEHOLD: | £325000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The business has a long lease on the top two floors of a commercial premises overlooking the high street. One floor is occupied by several companies on a B1 serviced office basis. The business rents these offices out, typically on an initial 12 month tennancy, and separately charges for the other services provided, such as cleaning, telephony, furniture and broadband.
The top floor, currently unoccupied, is awaiting re-zoning for residential development and is available by separate negotiation.
Demand for serviced offices in Greater London increased by 11% for Jan-Sep 2011 compared to the same period in 2010 (Officebroker.com).
KEY FEATURES:
* Steady income from existing tenants
* Tenants mostly stay for long periods
* No local competition
* Good location
* Easily managed business with good yield
* Development opportunity for upper floor available
LOCATION & PREMISES:
The offices overlook a high street in West Norwood, SE London.
The serviced offices are situated on the 2nd floor of a commercial building, accessed from a side street.
LEASE:
The 125 year lease has 99 years left to run. Ground rent is £100 per year.
The business lets out the serviced offices on an initial 12 month tenancy, whereafter the tenancy continues indefinitely with a 2 month break clause. A 2 month rent deposit is received before occupancy starts.
REASON FOR SALE:
The shareholders of the business wish to sell their interest as they separately wish to invest their funds in other commercial enterprises. | | | | | | FOR SALE | | | | | REFERENCE: | LC1149 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
