Derwent House & 36 Dedmere Road, Marlow, SL7 1PG
6,120 Sq Ft / Other / Investment
For Sale
Available - Last updated: 25 June 2024
Summary
The property comprises a purpose built development completed in 2010 by a well know & respected local building company who has retained ownership of the investment. The development comprises of 2 high quality self-contained air conditioned office buildings with raised floors, double glazing, kitchens and toilets plus 15 parking spaces.
To the front of the site is a separate residential block of 3 good size two bedroom flats with parking for each flat and let on AST agreements. In addition there is a self-contained office suite (currently occupied by the vendor) and offered with vacant possession.
Subject to planning there is potential to convert the office to residential otherwise to be re-let to a commercial occupier.
Key Points
2 high quality, self-contained office buildings, both LetVacant ground floor office3 two bedroom flats, all Let on ASTsCar ParkGarden/amenity at the rear of the sitePotential to convert office to further residential, subject to planning
Viewings
By arrangement with the sole agents. Please contact David Pearce - 07921 820943 or Mark Harris - 07598 450586.
Business Rates and Council Tax
Unit 1 Derwent House - Rateable Value £38,000
Unit 2 Derwent House - Rateable Value £22,500
36 Dedmere Road Office - Rateable Value £11,000
Flats 1, 2 & 3 36 Dedmere Road - Council Tax Band D
Legal Costs & VAT
Each party will be responsible for their own legal costs. All figures are quoted exclusive of VAT which we understand will be chargeable on the commercial element.
Location
The property is situated on the north side of Dedmere Road within a short walk of Marlow High Street & railway station. Marlow is an attractive and affluent town located on the River Thames between High Wycombe and Maidenhead. The town is strategically located with good access to both the M40 (J4) and M4 (J8/9) via the A404.Terms
Available freehold, subject to the following leases:
Unit 1 Derwent House - Let to Atomos Financial Services Ltd on a 5 year full repairing & insuring lease outside the security
provisions of the Landlord & Tenant Act 1954 from 28th February 2022 @ £45,000 pax subject to a tenants break @ the third anniversary.
Unit 2 Derwent House - Let to Foster Denovo Ltd on a full repairing and insuring lease outside the security provisions of the Landlord & Tenant Act 1954 for a term of 5 years from 1st October 2022 @ an initial rent of £32,500 pax rising to £35,000 pax in October 2025 and subject to a mutual break @ the the third anniversary.
36 Dedmere Road
Ground Floor Office: 700 sq.ft - Vacant
Flat 1: 650 sq.ft. let on AST agreement @ £1100 pcm.
Flat 2: 650 sq.ft . let on AST agreement @ £1100 pcm.
Flat 3: 650 sq.ft. let on AST agreement @ £1400 pcm.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| POA |
For Sale Freehold
|
NA
| NA |
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