Serviced Offices In Leicestershire For Sale

Business description

HISTORY

• Offices successfully marketed to ensure full occupancy
• Extremely low rates of tenant turnover maintained with most staying long term

REASON FOR SALE

• Vendor wishes to concentrate on alternative business priorities


Payback in 2.5 years.

SERVICES

• Office space rented on short term license agreements
• Offices provided on an “all inclusive” basis

CUSTOMERS

• Small business owners seeking flexible office accommodation close to the city centre
• Mainly professional e.g. Independent Financial Advisors, Solicitors

STRENGTHS

• Excellent location
• Very well spread portfolio of tenants
• Management systems in place
• Short term tenancy agreements
• Favourable rental and rates
• Part time input only required to run this business
• Excellent relationship with owner of freehold


FINANCIALS

• Income currently £40,000 per annum from rentals
• All offices currently let
• Offices let on short term tenancy basis
• Current level of net profit circa £25,000 per annum
• Tenants found through local agency taking 10% of the first years rental




DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Freehold

Location:

• Centrally positioned in affluent area of Leicester
• Close to the city centre with a range of professional and service businesses close by
• Prime commuter territory

Premises details:

• A substantial and traditional former residential dwelling now utilised as office accommodation

Business Operation

Expansion potential:

• Cost savings possible running business from home or existing office

Trading hours:

• Office is open weekdays 9am to 5pm