1 Lime Court

The property consists of a purpose built modern end of terrace office development over the ground, first and second floors. The property is fitted to a good quality office fit out with air conditioning, carpet covering to all floors, painted plaster walls with some internal demountable partitions and suspended tiled ceilings with recessed lighting. There are also plans by the tenant to upgrade in due course. The property benefits from 21 parking spaces to the front with bike storage also located onsite.

The reception and meeting room area is located on the ground floor with central staircase leading to the office accommodation above. There is also lift access via the central staircase and overall the accommodation provides one of the best office buildings in the town.

We are instructed to seek offers in the region of £590,000 for the Freehold subject to the existing lease to Azets Holdings Limited which reflects a NIY of 8.88% after an allowance for purchaser's costs of 5.02%. A purchase at this level reflects a low Capital Value of £103.73 psf for the Freehold.

Limes Court is located in a prominent position on Pathfields Business Park in South Molton circa 33 miles from Exeter and 14 miles from Barnstaple via excellent access to the North Devon Link Road. The Business Park is the main hub for business in the town with other occupiers such as accountants, solicitors, land agents and Mole Valley Farmers Store all in close proximity.

The town itself is a vital market town in North Devon with twice weekly markets, historic sites such as the Guildhall, excellent local shops and cafes and Exmoor National Park just a short drive away which offers a wide range of outdoor pursuits.

The town is serviced by regular bus links to local towns such as Tiverton and Barnstaple which also provide train links
across the region via Barnstaple Train Station and Tiverton Parkway.

All areas are approximate and measured in accordance with the RICS Code of Measuring Practice on a net internal basis.

Ground - 1,980 sq ft (183.95 sqm)
First - 1,957 sq ft (181.81 sq m)
Store - 60 sq ft (5.57 sq m)
Second- 1,691 sq ft (157.10 sq m)
Total Excluding Store - 5,688 sq ft (528.43 sq m)

A service charge is levied for the upkeep and maintenance of the communal areas. Please enquire for further information.

We understand that mains electricity, water and private drainage are connected to the property however these services have not been tested by the agents. Interested parties should make the own enquiries.

An EPC has been requested and will be shortly available via the marketing agents.

Each party to be responsible for their own legal fees in relation to this transaction.

The property has been elected for VAT and therefore VAT will be charged on the price.