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Kepler - Meltex House 4,515 SF Office Condo Unit Offered at $653,942 in Tamworth B79 7XE
Investment Highlights
- Unit C is to the rear of the Meltex House complex and consists of a two-storey office building with a self-contained rear concrete car park.
- Superior roadway connections only 1.5 miles to the A5, providing excellent access to the M42 and the A38.
- 4,515-square-foot refurbished unit fully fitted with offices and furniture, desks, chairs, boardroom tables, and kitchen appliances included.
- Reach amenity hubs like Venture Retail Park, Ankerside Shopping Centre, and Tamworth Town Centre in five to 10 minutes.
Executive Summary
Meltex House is located on the Lichfield Road Industrial estate off Kepler, but close to its junction with Mariner. Spanning 4,515 square feet, Unit C is a fully fitted space at the rear of the Meltex House complex and is accessed via the shared driveway that runs across the front of the building and down the right-hand side. Access to the rear is controlled by a gated driveway, which leads into the rear car park. The accommodation is spread over two floors and was originally all open plan, but the tenant has installed some partitioning to create private office areas. Each floor benefits from separate WC’s and small kitchenette areas, the rear car parking is gated and fully fenced. Location-wise, the property is to the Northwest of Tamworth Town Centre. Meltex House is 1.5 miles from the A5, which provides excellent access to the M42 and the A38. Due to proximity to the centre of Tamworth, staff enjoy seamless links to amenities, whether it be to get some groceries or spend a night on the town.
Property Facts
| Total Building Size | 14,245 SF | Typical Floor Size | 6,982 SF |
| Property Type | Office (Condo) | Year Built | 1980 |
| Building Class | C | Lot Size | 0.85 AC |
| Floors | 2 | Parking Ratio | 3.07/1,000 SF |
| Total Building Size | 14,245 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 6,982 SF |
| Year Built | 1980 |
| Lot Size | 0.85 AC |
| Parking Ratio | 3.07/1,000 SF |
Amenities
- 24 Hour Access
- Accent Lighting
- Energy Performance Rating - C
- Energy Performance Rating - D
1 Unit Available
Unit C
| Unit Size | 4,515 SF | Sale Type | Investment |
| Price | $653,942 | Tenure | Freehold |
| Price Per SF | $144.84 | Cap Rate | 6.88% |
| Condo Use | Office | NOI | $44,958.52 |
| Unit Size | 4,515 SF |
| Price | $653,942 |
| Price Per SF | $144.84 |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.88% |
| NOI | $44,958.52 |
Description
The accommodation is spread over two floors and was originally all open plan but the tenant has installed some partitioning to create private office areas. Each floor benefits from separate WC’s and small kitchenette areas, the rear car parking is gated and fully fenced.
Sale Notes
The property is freehold and is sold subject to the existing lease from March 2019 for 6 years to J Murphy & sons at a current passing rent of £33,000 per annum, subject to a break at the end of year 3 of the lease.
Unit C - Open-Plan Office Space
Unit C - Fully Furnished Office Accommodation
Unit C - Stately Boardroom
Unit C - Great Natural Lighting
Unit C - Move-in-Ready Opportunity
Demographics
Demographics
Presented by
Kepler - Meltex House
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