Summary - Atelius House,2 Smith Way,Grove Park,ENDERBY,LE19 1SX LE19 1SX
1 bed 1 bath Office
Income-producing office with long lease and ample parking near amenities.
Securely let to March 2033 with passing rent £91,394.66 pa
Rent review scheduled for 30 March 2028
Approx. 5,793 sq ft two-storey open-plan office
29 marked off-street parking spaces; lakeside outlook
Built circa 2000 with LED lighting and air conditioning
Headline gross initial yield ≈ 7.17% at asking price
Tenure recorded as unknown — verify title and lease details
Local crime level recorded as very high; consider impact
A modern detached two-storey office on an established out-of-town business park, offered with a secure tenant in place until 29 March 2033. The building, constructed circa 2000, provides open-plan accommodation across both floors with a reception core, WCs, a ground-floor kitchen and a first-floor director suite. Specification includes suspended ceilings with inset LED lighting, air conditioning, gas central heating, raised access floors and good natural light. The property overlooks a lake and benefits from a self-contained parking forecourt with 29 marked spaces.
The property is presented as an income-producing investment: current passing rent is £91,394.66 per annum with a rent review due 30 March 2028. At the asking price of £1,275,000 the headline initial yield is approximately 7.17% (gross). The size given is 5,793 sq ft, offering a compact but efficient footprint for office use on a large plot within Grove Park.
Notable matters buyers should consider: tenure is listed as unknown and the local crime level is recorded as very high, which may affect occupier perception and insurance costs. The building is let on a long lease to expiry in 2033, so an incoming owner will acquire the existing lease position rather than immediate vacant possession. The property otherwise presents low-maintenance environmental features such as LED lighting and established mechanical services.
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