Office for sale in Eastleigh

COMMON USE CLASS: B1 Business

This property is marketed by:
Keygrove Chartered Surveyors

Description

Barclays House is a prominent office investment. The building comprises a four storey mixed use office and retail property with plant room on fourth floor. The ground and first floors are let to Barclays Bank Plc. The ground floor is used as a banking hall, including meeting rooms, banking counter and ancillary space. The first floor is a mix of open plan and private offices with staff facilities including WC's and a staff room / kitchen.

The second and third floors are let to GHG Solutions Limited. The offices are mostly open plan with one glazed meeting room on each floor. There is a private board room and small kitchen on the 2nd floor and a staff room/ kitchen on the 3rd floor. There are WC's on both floors.

There is a passenger lift serving all the floors and there is a combination of fluorescent and LED Lighting, air conditioning and the second and third floor offices have dado trunking. There is a fourth floor plant room.

There are 14 car parking spaces to the rear of the property.

• Current Rental Income £102,000 per annum
• Net Initial Yield 7.4% approx.

Terms

The premises are available freehold subject to the existing tenancies. Offers are invited in excess of £1,300,000. This equates to an Initial Yield of 7.40% allowing for acquisition costs of 6%.

Rates

We have obtained information from the Valuation Office website and we understand that the Rateable Value of the property is £93,250 split between two assessments. We recommend that prospective tenants or purchasers verify this with the Valuation Office.

VAT

We are advised that VAT will not be payable.

Energy Performance Certificate

EPC Rating C-61. A copy of the EPC is available on request