Atlantic Square Station Rd 3,734 SF Office Building Witham CM8 2TL $399,718 ($107.05/SF)

Atlantic Square forms an office scheme generally comprising two storey terraced office buildings around a landscaped garden area and pond. To the front of the scheme is private car park.

The property provides two storey, predominantly open plan, office accommodation with meeting rooms/offices on both floors. The accommodation benefits from suspended ceilings with recessed lighting, central heating, carpet and perimeter trunking. There are WCs and kitchenettes on both floors and 8 demised car parking spaces.

LOCATION
Atlantic Square is located on Station Road off Avenue Road, close to Witham town centre and opposite Witham mainline rail station. Witham Station provides frequent services to London Liverpool Street with an approximate journey time of 40 minutes. Atlantic Square is approximately 1 mile from the nearest A12 junction which provides both north and southbound access.

ACCOMMODATION
[Approximate Net Internal Floor Areas]
Ground Floor: 1,137 sq ft [105.66 sq m]
First Floor: 1,264 sq ft [117.45 sq m]
Total: 2,401 sq ft [223.12 sq m]

SERVICES
We understand the properties are connected to mains water, drainage, electricity and gas. 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 properties including IT and telecommunication links.

LOCAL AUTHORITY
Braintree District Council
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BUSINESS RATES
The property is listed in the Valuation Office Agency rating list as follows:

Ground Floor Rateable Value: £12,750
Approx. Rates Payable (2024/25): £6,362.25

First Floor Rateable Value: £14,500
Approx. Rates Payable (2024/25): £7,235

We understand at the car parking spaces are assessed under various individual assessments and generally attract a Rateable Value of £150 per space. Interested parties are advised to make enquiries with the local authority.

EPC
C - 60.

TENANCY
The First Floor of 6 Atlantic Square is let to One Claim Limited on an effective full repairing and insuring lease by way of a service charge and contracted outside of the 1954 Landlord and Tenant Act. The Lease commenced on 21st January 2022 for a term of 5 years subject to a Tenant only Break Clause on 3rd anniversary. The lease is guaranteed by Pinnacle Costs & Claims Solutions Limited and the Landlord holds a Rent Deposit to the value of 3 months' rent.

TITLE
Freehold under title number: EX676666.
4 Atlantic Square is also for sale and forms part of the same title. In the event the properties are sold separately the title will be split upon sale.

SERVICE CHARGE
There is an annual estate and building service charge. Further details are available upon application.

VAT
We understand that the property is elected to VAT.

TERMS
The freehold interest of 6 Atlantic Square is for sale at a guide price of £300,000 plus VAT.

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