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Serviced Office Opportunity

Undisclosed, Leicestershire
Leasehold:
£49,950
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Further Details
Status
FOR SALE
Reference1283LE / RightBiz
Advert ID73083
LocationUndisclosed, Leicestershire
SectorOffices, Investment Properties
TenureLeasehold
Leasehold Price£49,950
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Full Details
LOCATION

• Centrally positioned in an area of Leicester
• In the vicinity of the city centre
• In commuter territory

HISTORY
• 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

SERVICES
• Office space rented on short term license agreements
• Offices provided on an “all inclusive” basis

CUSTOMERS
• Small business owners seeking flexible office accommodation close to the city centre
• Mainly professional e.g. Independent Financial Advisors, Solicitors

STAFF
• Run by vendor on a purely part time basis

TRADING HOURS
• Office is open weekdays 9am to 5pm

FINANCIALS

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 £16,000 per annum
• Tenants found through local agency taking 10% of the first years rental


PREMISES
• A substantial and traditional former residential dwelling now utilised as office accommodation

STRENGTHS
• Location
• 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

SCOPE
• 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

TENURE
• Long lease in place


VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.


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 Businesses/Properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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.


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