Saxon Business Park, Bromsgrove B60 4AD

FOR SALE - 8% Gross Yield Income Producing Investment Opportunity. A freehold office building located on the popular Saxon Business Park Near Bromsgrove. The unit is being offered with the benefit of a new 3 years lease at a rent of £40,000 per annum. Asking price £499,950 + VAT giving a gross yield of 8% before purchasing costs.

Saturn House is a Freehold office building set within a private business park just 3 miles from the M5 motorway J5. The office building is for sale with the benefit of a new 6 year lease with a 3 year tenant only break clause having given 6 months prior written notice. The lease will be based on full repairing and insuring terms with a 3 year upward only market rent review to Fire Safe Services Limited and commence on completion of the sale to the new owner.

Three years accounts for Fire Safe Services Limited are available from the agents office, the company is trading well summarised below:

2020 - Profit after tax £402,844 with net assets of £946,511
2021 - Profit after tax £445,960 with net assets of £959,47
2022 - Profit after tax £342,138 with net assets of £910,609

Fire Safe Services have conducted considerable refurbishment work and created partitioned meeting rooms and separate offices over ground and first floor. A floor plan is available showing the existing floor layout and a separate floor plan is available showing the original configuration prior to the tenants works taking place. We have measured the building based upon the original floor layout ignoring any removable partitions the tenant has created.

Accompanied viewings of the premises are available by prior appointment with the agents office.