• Strategic Greater London location

• Modern office investment

• Secure income

• Investment value underpinned by VP value

• £325,000, subject to contract

• 8.3% Net Initial Yield

• £280 per sq ft Capital Value

Crossways is an office led scheme made up of 3 million square feet of high quality commercial buildings with a blend of hotels and amenities to satisfy the onsite demands of employees and occupiers. The environment has been carefully landscaped and is maintained to provide a high quality business setting and to give the opportunity for employees to enjoy the lakeside walks and wildlife.

Waterside Court is situated on the southern border of the Business Park neighbouring Schooner Park to the west, Moat Housing to the east and the lake to the north. The London to Gillingham railway line lies directly behind the subject property.

Access to the M25 (Junction 1a) is within 0.5 mile (800 metres) of the property and is some 0.8 miles (1.3 km) west of Stone Crossing Railway Station. Other well-known occupiers on the Business Park include Laing O’Rourke, Kuehne and Nagel, HSBC, Mazda Motors, John Lewis Distribution Centre and Howdens.

The property comprises a modern mid-terraced, two storey office building completed in 2009. Constructed from a steel frame with brick and metal clad elevations, the property benefits from 8 marked car parking spaces set within a U-shaped office complex.

Internally the property provides attractive office accommodation benefitting from suspended ceilings, reception area, LG7 lighting, perimeter trunking, a Very Good BREEAM rating, DDA compliant WC facilities and comfort cooling.

We understand the Rateable Value for the property is currently £21,750.

The Uniform Business Rate is 48 pence per pound for 2015/2016.

A Phase I Environmental Risk Assessment was carried out by BWB Consulting Limited in September 2016 which concluded that the site represents a low risk with respect to contaminated land and ground stability liability issues. A copy of the report is available to download and a reliance letter is available to a purchaser.

The estimated service charge for Waterside Court for the year to 31st December 2016 is £27,750. Copies of the service charge accounts and service charge budgets are available to download.

Optiloupe Limited, (Co. No. 07476724) has reported the following figures:

Optiloupe was founded by two dentists in order to supply tailor made loupes (magnification devices used to see an object in greater detail) to dental surgeons. As clinicians, they found magnifying the clinical field started to improve the quality of clinical work they were carrying out when using loupes, and with time the use of loupes became easier and more important.

The company has introduced a range of tailored loupe and light systems aimed to get more people comfortable with the transition to magnification. This coupled together with their clinical experience has been very popular amongst Dental Surgeons up and down the UK. Their products have since received significant interest amongst all types of clinical professionals from around the UK, Europe and Australia. For further information please visit www.optiloupe.com.

The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

We are instructed to seek offers in the region of £325,000 (Three Hundred and Twenty Five Thousand Pounds), subject to contract, reflecting a net initial yield of 8.3% and a capital value of £3,017 per sq m / £280 per sq ft, assuming purchaser’s costs of 3.56%.