Office for sale

The property provides ground floor open plan office accommodation and benefits from air conditioning and central heating, carpet, perimeter trunking and surface mounted lighting. The office has a kitchenette and to there are WC and shower facilities to the rear.

Externally is an undercroft parking bay for 2 cars.

Location
The property is situated in the village of Rayne which is approximately 2 miles to the west of Braintree. The village of Rayne benefits from newsagents, restaurants and public houses.

The property is less than 2 miles from the A120 and A131 roundabout providing east and westbound access to the A120.

The property fronts The Street occupying a corner position on the junction of The Street and Foundry Way. Foundry way provides unrestricted on-street parking.

Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice (6th Edition) and calculate the approximate net internal floor area to be as follows:

Office: 660 sq. ft. (61.36 sq. m.)

Services
We understand the property is connected to mains water, drainage, gas and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

Local Authority
Braintree District Council
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Energy Performance Certificate
D-77.

Business Rates
The property is listed in the Valuation Office Agency Rating List as follows:
Rateable Value: £7,300
Approx. Rates Payable (2024/25): £3,643 pa

Occupiers may benefit from full rates relief through the small business rates relief scheme subject to property being their sole business premise and induvial circumstances.

Service Charge
There is a service charge towards the upkeep of the scheme which is currently estimated £900 per annum plus VAT.

Tenure
The property is held on a long-leasehold basis for term of 199 years from 1st January 2009. We understand the ground rent is currently £125 plus VAT.

Terms
The property is available to let on a new effective full repairing and insuring lease by way of service charge for a term to be agreed at a commencing rent of £13,200 per annum exclusive plus VAT.

Alternatively, the property is available for sale at a guide price of £165,000 plus VAT.

VAT
We understand that the property is elected to VAT.

Legal costs
Each party to bear their own legal costs incurred in this transaction.