INVESTMENT OPPORTUNITY, PENSTRAZE BUSINESS CENTRE, PENSTRAZE, TRURO, TR4 8PN • OFFICE INVESTMENT - RETIREMENT SALE • WELL LOCATED FOR TRURO AND A30 • CURRENTLY PRODUCING IN EXCESS OF £72,500 PAX • SCOPE TO EXPAND THE HOSTED VIRTUAL OFFICE OFFERS IN EXCESS OF OFFERING • ENERGY PERFORMANCE ASSET RATING (E) £350,000 FREEHOLD C36164 DESCRIPTION The development was created in 1998 and represents a modern business environment in character premises in a rural setting. The building is fully occupied and currently produces a rental income, including communications packages, of just over £76,000 per annum for the year ending 05/04/2015. This includes an income of circa £5,000 per annum for virtual offices which provide services tailored to the users' needs potentially including post handling, remote or hosted telephony and occasional room hire. Broadband is provided by a fibre-optic leased line with a 40 mb connection. For Further Details on the Business Centre visit our client's website:- http://www.penstrazebusinesscentre.co.uk/ LOCATION The Business Centre is situated adjoining the A390 which links the A30 with Threemilestone, Treliske and Truro. The Centre is situated less than a mile from Chiverton Cross and 5 miles from Truro Railway Station. Truro Airfield is situated within a 5 minute walk. ACCOMMODATION/RENTAL INCOME Suite 1 320 sq.ft £7740 per annum Suites 2/3 513 sq.ft £12,900 per annum Suite 4 442 sq.ft £10,200 per annum Suite 5 288 sq.ft £14,400 per annum Suite 6 202 sq.ft £5,328 per annum Suite 6a 264 sq.ft £6,600 per annum (vacant) Suite 7 109 sq.ft £3,420 per annum Suite 8a 111 sq.ft meeting room - let on an hourly basis Suite 8b 141 sq.ft £4,080 per annum Suite 9 336 sq.ft £6,600 per annum Suite 10 321 sq.ft £8,160 per annum Suite 11 383 sq.ft £8,160 per annum Suite 12 305 sq.ft £7,440 per annum Total lettable Area 3734 sq.ft (349 sq.m) PLANS: Plans and maps reproduced under Ordnance Survey Licence No Outside - Parking for 26 vehicles. LIG1179. Not to scale and for identification of the property only. They are not Total Rental Income £88,428 per annum (excl. VAT) when fully let. intended to show actual site boundaries and not guaranteed to be accurate. Floor plans available by email upon request. All tenancies are subject to one month's written notice at any time. A copy of the standard agreement is AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or available upon request. lessor/s of this property give notice: [a] These particulars are for an intending The above figures include a communication charge of £100 per unit per month which includes the provision of purchaser or tenant and although they are believed to be correct their data and phone calls (up to 500 mins) together with 2 handsets per office. accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither THE BUSINESS do they constitute any part of a Contract: [b] Any intending purchaser or Established in 1998 by the current owner it is run by him on a part time basis with the assistance of a part time tenant must satisfy him/herself by inspection or other wise as to the administrator. Actual Income for the year ending 5th April 2015 was £76,241. correctness of each of the statements contained in these particulars; [c] No A copy of the abridged profit and loss accounts will be made available to interested parties following a viewing. responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, VAT plumbing, heating or electrical installations have been tested by the selling VAT will be payable on the purchase of this asset. The figures quoted are exclusive of VAT. agent. LOCAL AUTHORITY Miller Commercial is the trading name of Miller Commercial LLP registered in Cornwall Council England and Wales under Registration No.OC373087. The Registered Office General Enquiries 0300-1234-100 of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. Planning 0300-1234-151 We use the term Partner to refer to a member of Miller Commercial LLP. VAT www.cornwall.gov.uk Registration No.643 4519 39. BUSINESS RATES We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171. Business Rates are paid by VIEWING: Strictly by prior appointment through Miller Commercial. the landlord as the premises are let on an inclusive basis. SERVICES Prospective owners should make their own enquiries of the appropriate statutory undertakers: ESTATES GAZETTE Awarded Western Power: 0845 601 2989 South West Water: 0800 169 1144 MILLER COMMERCIAL Transco: 0800 111 999 Cornwall’s Most Active Agent Heating is provided by way of an LPG Fired Boiler and drainage by way of a septic tank. 2011 - 2012 - 2013 - 2014 - 2015 Broadband is currently provided by way of a fibre optic leased line to 40 Mb with potential to expand to 100Mb..