Summary
New Fields Business Park is a development of 15 office buildings constructed in the early 1990’s and is one of Poole’s principal office parks.
Unit 1 is a self-contained, two storey building which is of traditional brick construction under a pitched roof. The accommodation is open plan and the current specification includes the following:
• Cloakroom facilities on each floor
• Suspended ceilings
• Gas central heating
• Inset lighting
• Raised access flooring
• Lift
Key Points
Prominent position at the entrance of one Of poole’s principal office parksTwo storey building28 allocated car-parking spaces(1 per 244 sq ft) plus shared use of visitor spacesLiftRequires refurbishment and bespoke fit out available
Parking
Unit 1 benefits from 28 allocated car-parking spaces with shared use of the communal visitor spaces.
Rateable Values
We are informed that the property has a rateable value of £86,500. The Rates Payable will be determined by the Uniform Business Rate Multiplier which is set by the Government annually.
Tenure/Price/Rent
The building is available on the following basis:-
1. Virtual freehold – By way of a 999 year lease, subject to a peppercorn rental.
Price (existing condition) - £1.05M plus VAT
Price (refurbished) – Our client is willing to undertake a bespoke fit-out for a purchaser and the price would be dependent upon the level of specification.
OR
2. Leasehold – By way of a new full repairing and insuring lease for a negotiable term, incorporating upward only open market rent reviews.
Rent (refurbished) – Our client is willing to undertake a bespoke fit-out for a tenant and the rental would be dependent upon the level of specification.
Service Charge
A service charge is payable in respect of the maintenance and repair of the business park’s common parts. The budget for Unit 1 is currently £7,334.21 plus VAT per annum.
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.
VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.
EPC
C - 64
Location
New Fields Business Park is situated at the junction of Stinsford Road and Hatch Pond Road on the edge of Nuffield Industrial Estate, Poole.
The development is situated approximately 2.5 miles north of Poole Town Centre and approximately 6 miles from Bournemouth Town Centre.
The Fleetsbridge Interchange, which provides excellent access to the A35 Dorset Way dual carriageway, is approximately 1 mile from the Business Park.