LOCATION Melton Constable is a village in North Norfolk, situated approximately 5 miles south west of Holt, and 9 miles east of Fakenham. Melton Constable has good transport links via the A148.
The Marriott Way Industrial Estate is situated towards the south of the village and is a trading location for a number of local businesses in the area. The property is situated to the eastern side of Marriott Way and is accessed directly off the main industrial estate road
DESCRIPTION The property comprises an attractive single storey building of brick and flint construction under a pitched tiled roof and is currently used as offices. The property has UPVC double glazed windows and timber doors.
Internally, the property offers a range of office accommodation, kitchen facilities and WCs
To the front of the property are approximately 7 car parking spaces to the block paved area. To the rear is a further shingle car parking area providing spaces for approximately 15 vehicles and access is via an electric security gate.
ACCOMMODATION We have measured the property in accordance with the RICS Code of Measuring Practice and calculate the following approximate net internal floor areas:
Description m² sqft
Reception Area 22.67 244
Kitchen/Test Area 18.55 200
Three Offices 39.65 427
Kitchen 11.19 120
Open Plan Office 67.51 727
Manager's office 19.36 208
Meeting Room 21.11 227
WC'S -- --
Total 200.05 2,153
TERMS The property is available on a new full repairing and insuring lease, for a term to be agreed, at an initial rent of £26,000 per annum exclusive.
The freehold interest in the property is available for sale at offers in the region of £275,000 exclusive.
PLANNING The office has been in commercial use since construction. The General Development Order 2020 permits change of use to residential use when applying for full planning consent.
BUSINESSRATES To be assessed.
LEGALCOSTS The ingoing tenant to be responsible for both parties reasonable legal costs incurred in the letting.
VAT Our client reserves the right to charge VAT in line with current legislation.
Based on not being a first time buyer, and a purchase price of £250,000, the stamp duty payable would be:
£2,500
Other costs to consider
Mortgage
Removals
Surveys
Solicitors Fees
This calculator works on the following assumptions: you are purchasing the freehold for the property; you are not purchasing on behalf of a company or trust; you are purchasing for your personal, residential use; you don’t already own another property. If these assumptions are incorrect, or you’d like a more detailed breakdown of stamp duty costs, please see the gov.uk stamp duty calculator.
