Secure income-producing office with tenant upgrades and strong road links.
Tenant in situ since 18 April 2000 on FRI lease until 23 Nov 2033
Passing rent £10,000 per annum; rent review due 24 Nov 2028
Approx. 97.38 sq m (1,049 sq ft) of open-plan office accommodation
Tenant-funded upgrades: three-phase power, AC, enhanced IT and CCTV
Good road links to A630, A1(M) ~2.5 miles and M18 junction <1 mile
Small surfaced forecourt parking only; no garden or external amenity
Area: very deprived with very high crime — may affect demand
Very slow broadband speeds could limit modern occupier requirements
A compact two-storey office investment on Bridge Street, offered with a long-standing tenant in situ since April 2000. The tenant holds a full repairing and insuring (FRI) lease expiring 23 November 2033, with a passing rent of £10,000 pa and a contractual rent review due 24 November 2028. Internally the property extends to about 97.4 sq m (1,049 sq ft) across open-plan floors with practical office finishes and several tenant-funded technical upgrades.
The unit benefits from tangible income security and recent tenant improvements — three-phase power, ground-floor air conditioning, upgraded IT infrastructure, CCTV and an integrated alarm system — reducing immediate capital expenditure for a buyer. Location provides straightforward road access to the A630 and nearby motorways (A1(M) and M18), making it suitable for an investor seeking a compact, income-producing office close to regional transport links.
Buyers should note material location and market factors: the immediate area is categorised as very deprived with very high crime levels and very slow broadband speeds, which may affect tenant demand and occupational values. External space is limited to a small surfaced forecourt/parking area; there is no garden or significant amenity space. The building is a mid-20th century brick structure with security shutters and a basic street-facing appearance — presentable but not high-profile.
This lot will suit an investor prioritising secure, modest income and minimal short-term capital works thanks to tenant upgrades and an FRI lease. It may also attract an owner-occupier seeking compact office accommodation with upgraded services, but be mindful of local socio-economic conditions and limited external amenity.
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