Offers Around £500,000

Allerton Bywater, Castleford

  • Prestigious freehold office building
  • Approx 5200 sq ft over 2 floors
  • Private carpark for around 21 vehicles
  • High quality contemporary finish throughout
  • Currently operating as a serviced office complex
  • Rental income of approx £76,800 per annum
  • Lift access to first floor offices

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Typical monthly mortgage repayment with Mortgage Advice Bureau: £1950

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Property Details

Offers are now invited for this modern, high quality office building with private carpark. The freehold building has recently been upgraded and refurbished and currently operates as a serviced office complex containing a number of private office suites together with communal meeting, kitchen, toilet and reception facilities. The property would be ideal for an investor, retaining the existing arrangement or for an owner occupier as regional or head office. The property benefits from lift access to the first floor, gas central heating, aluminium framed double glazed windows, modular ceiling, raised access flooring, high speed internet and double height electric security shutter to the front entrance screen. For all enquiries contact FSL Estate Agents on 01924 200101.

The building previously measured by the VOA as having a net internal floor area of 5190 sq ft (482.31m2). Having now been subdivided into serviced office suites, the VOA have measured each suite plus meeting room individually, giving a total net internal floor area of 3729 sq ft (346.45m2) which excludes the communal kitchen, toilet, corridor, lobby and reception areas. Please refer to the floor plans and office suite schedule for further details and indicative room layout.

The centrally located office has convenient connections to the M1, M62 and A1M motorways and is only a short drive from Leeds city centre. For public transport users, there is a bus stop within 1 minute's walk on the same road as the offices. The buses run regularly within morning and evening commute times, with buses on the hour throughout the day to various locations throughout West Yorkshire. The town of Castleford is located a ten minute drive from West Court. Castleford train station provides connections to surrounding towns and cities.

Freehold with the benefit of a total of 12 existing tenants paying in the region of £76,800 rental income per annum. The current tenants occupy their respective office suites on individual licence arrangements, copies of which will be made available to prospective purchasers.

The rateable value prior to subdivision into serviced offices was £48,000 and we anticipate that this figure would be similar should one company re-occupy the building. This is not the amount you would pay but the value used to calculate the annual business rates. Since operating as a serviced office complex, each office suite plus the meeting room is individually rated to allow each occupant to benefit from small business rate relief. The total rateable value is £39,150. Please refer to the office suite schedule enclosed within the brochure.

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