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Ashleigh Court & Prudence House

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Langage Park Office Campus, Plympton
PL7 5JX Plymouth
Ref: 13302

  • 8,709.00 ft² (809.09 m²)
  • 1,200,000
  • 7.63 Initial Yield

Description

Description

• Freehold Office Investment

Accommodation



Floor / UnitDescriptionSizeAvailability
GroundAshley Court2,566 sq ftLet
1stAshley Court2,449 sq ftLet
GroundPrudence House1,848 sq ftLet
1stPrudence House1,846 sq ftLet

Investment Summary

  • Located in close proximity to the A38 providing easy access to Plymouth and the wider South West area.
  • Two 1990’s office buildings totalling 8,709 sq ft (809.09 sq m) NIA.
  • Freehold.
  • Current rental income of £96,993 per annum.
  • Low base rental of £11.14 per sq ft.
  • We are instructed to seek offers of £1,200,000 (One Million, Two Hundred Thousand Pounds), subject to contract and exclusive of VAT.
  • Net Initial Yield of 7.63%, after allowing for purchaser’s costs of 5.93%.
  • Low capital value of £138 psf.

Situation

Langage Park Office Campus is situated 8 km (5 miles) east of Plymouth City Centre, on the edge of the suburb of Plympton.

The Estate has good road communications with the Deep Lane junction of the A38 Devon Expressway located immediately to the south, which in turn gives access to the City of Plymouth and Cornwall to the west and Exeter and the M5 motorway network to the east.

Langage is an established mixed use commercial location and surrounding occupiers include Audi, Lexus and Toyota, Harley Davidson, Ferguson Transport, Blackburn Metals, and The Co-operative.

Langage Office Campus fronts Sandy Road which offers direct access to the A38 dual carriageway. Ashleigh Court & Prudence House are located on the right hand side at the entrance of the estate. Other occupiers on the campus include EE, Russell Worth Solicitors, Kitsons Solicitors, Healium and Kiddi Caru Day Nursery.

Description

Ashleigh Court & Prudence House comprises two adjacent office buildings providing accommodation on ground and first floor together with extensive car parking to the front.

Constructed in the early 1990’s the offices have been divided to provide four separate suites. The specification includes:

  • Traditional brick construction
  • Double glazed windows
  • Raised floors
  • Suspended ceilings
  • Full gas fired central heating
  • Male and female WC’s (including disabled)
  • Some suites have been comprehensively refurbished to include new air conditioning, LED lighting, carpets and suspended ceilings.

Ashleigh Court & Prudence House provide 41 designated parking spaces showing an excellent ratio of 1:212 sq ft. The properties occupy a site of 0.228 hectares (0.563 acres).

Energy Rating

Energy Rating

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Contact

Contact
Simon J Bennett
Ross Wigley
  Details

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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