Description
8 Union Street is an attractive freehold property currently used as offices. It is arranged over five storeys, serviced by lift and stairs, with offices on ground and upper floors. The lower ground floor incorporates kitchen, WCs, shower, storage and additional office space.
The building is understood to date from the early 19th Century, originally built as a thee storey terraced house. It is within the Borough High Street Conservation Area but is not listed.
Opportunities to extend the property include, addition of new upper floor, extending upper floors to the rear and infilling arch at 1st floor level. Preliminary architectural studies have been undertaken but all these options are subject to necessary planning permissions.
The 2nd floor is currently let. The lease expires May 2028 with annual break options for landlord and tenant every May subject to 3 months notice. The annual rent is £15,600 + VAT. There is a 3 month rent deposit held. The remaining floors are vacant.
Amenities
- Fully self-contained
- Newly decorated
- Air-cooling/heating (wall mounted)
- Lift
- Shower
- Kitchen
- Perimiter trunking
- Suspended ceilings with inset lighting
- Wood laminate flooring
- Entry phone
- Bike racks
- Storage
Accommodation
The areas quoted below are net internal;
- Floor
- Size (Sq Ft)
- Availability
- 3rd Floor
- 504
- Available
- 2nd Floor
- 574
- Available
- 1st Floor
- 314
- Available
- Ground Floor
- 470
- Available
- Lower Ground Floor
- 737
- Available
* Subject to re-measurement and IPMS 3 Measurements available upon request
Lease
For sale freehold. 2nd Floor is currently let (rent £15,600 pax), lease expiring May 2028 but with annual mutual break options from May 2024. Remainder of building will be vacant upon purchase.
Service charge
Upon application
Epc
D (98)
Rates
Rateable Value £77,000 therefore c. £39,500 per annum payable.
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.
Further Information
Property contacts
Rupert Cowling
Philip Martin
