Superb investment opportunity providing serviced office accommodation in central Leicester
Income £40k pa
Vendor currently occupying one office which can be let providing additional revenue
NP: £25K pa with only part time involvement
1283LE / RightBiz
Investment Properties, Offices
Centrally positioned in an area of Leicester
In the vicinity of the city centre
In commuter territory
Offices successfully marketed to ensure full occupancy
Historically, low rates of tenant turnover maintained with most staying long term
REASON FOR SALE
Vendor wishes to concentrate on alternative business priorities
Office space rented on short term license agreements
Offices provided on an all inclusive basis
Small business owners seeking flexible office accommodation close to the city centre
Mainly professional e.g. Independent Financial Advisors, Solicitors
Run by vendor on a purely part time basis
Office is open weekdays 9am to 5pm
We have been advised verbally by the vendor of the following;
Income currently £40,000 per annum from rentals
All offices currently let
Offices let on short term tenancy basis
Current level of net profit circa £25,000 per annum
Tenants found through local agency taking 10% of the first years rental
A substantial and traditional former residential dwelling now utilised as office accommodation
Well spread portfolio of tenants
Management systems in place
Short term tenancy agreements
Favourable rental and rates
Part time input only required to run this business
Established relationship with owner of freehold
Cost savings possible running business from home or existing office
Rental of existing office used by vendor
Parking spaces could be rented at around £100 per month each generating an additional £2,400 per annum
Long lease in place
DISCLAIMER: Viewing is essential to fully appreciate this business and is strictly by appointment only through the agents. All negotiations must be conducted through Advent Business Sales. Businesses/Properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.
These particulars are provided as a general outline only for the guidance of intended purchasers or lessees and do not constitute all or part of an offer or contract.
All information supplied via Advent is based upon information supplied by the Vendor who has warranted to Advent that all of the information is accurate. Nevertheless, details are given without responsibility by Advent Business Sales Ltd for any or all descriptions, dimensions and reference to condition, value and financial information. Intending purchasers should not rely on these details as statements or representations of fact but must satisfy themselves of their accuracy by inspection, by independent advice and/or other appropriate means.
No person representing Advent Business Sales Ltd has any authority to make or give any representations or warranty whatsoever in relation to this or any other property.
The data showed regarding this advert 'Serviced Office Opportunity' comprises as a business advertisement. RightBiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall RightBiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.