Serviced Offices with development potential

Price:

Leasehold - £325,000

Turnover:

Seller Ref:

LC1149

Location:

London, London

Business Type:

Commercial Property, Service Businesses

See Other:

Other service businesses for sale in London
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Investment properties for sale in London
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Development sites for sale in London
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Description:

THE BUSINESS:

The Business Partnership is delighted to bring to market this very stable, easily managed serviced office business situated in West Norwood, SE London.

The business has a long lease on the top two floors of a commercial premises overlooking the high street. One floor is occupied by several companies on a B1 serviced office basis. The business rents these offices out, typically on an initial 12 month tenancy, and separately charges for the other services provided, such as cleaning, telephony, furniture and broadband.

The top floor, currently unoccupied, is awaiting re-zoning for residential development and is available by separate negotiation.

Demand for serviced offices in Greater London increased by 11% for Jan-Sep 2011 compared to the same period in 2010 (Officebroker.com).

Location Details:

The offices overlook a high street in West Norwood, SE London.

Lease Terms:

The 125 year lease has 99 years left to run. Ground rent is £100 per year.

The business lets out the serviced offices on an initial 12 month tenancy, whereafter the tenancy continues indefinitely with a 2 month break clause. A 2 month rent deposit is received before occupancy starts.