20 The Causeway, Bishops Stortford, Essex, CM23

Property Details: • Type: 2,715 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Town centre office investment • LED lighting • Air conditioning • 4 car parking spaces • Kitchenette facilities • Gas fired central heating

Location: • Nearest Station: Bishop's Stortford Station • Distance to Station: 0.2 miles

Agent Information: • Address: 20 Duke Street Chelmsford Essex CM1 1HL

Full Description: The property forms an end of terrace three storey office building fronting the Causeway. The accommodation is generally open plan and benefits from rear access onto the car park. Male and female WC facilities are provided on the ground and 2nd floors.The accommodation benefits from: LED lighting Air conditioning Suspended ceilings Kitchenette facilities Gas fired central heating 4 car parking spaces Telephone Entry SystemLOCATIONThe property occupies a prominent position on The Causeway (A1250), which forms the principal accessway into Bishop's Stortford.Bishop's Stortford is situated approximately 30 miles north east of London and 26 miles south of Cambridge and is the closest town to Stansted Airport being 5 miles to the east.Bishop's Stortford train station is approximately 0.3 miles to the southeast of the property and provides a frequent service to London Liverpool Street with journey times from approximately 38 minutes. A regular service is also provided to Cambridge with journey times from approximately 29 minutes.Adjacent to the property is the Jackson Square shopping centre which is anchored by Sainsbury's with other occupiers to include Pret, Nando's and H&M. The centre also provides pay and display car parking.ACCOMMODATION[approx. net internal areas] Ground Floor Office: 747 sq ft [69.42 sq m] First Floor: 1,116 sq ft [103.68 sq m] Second Floor: 852 sq ft [79.11 sq m] Total: 2,715 sq ft [252.21 sq m]TENANCYThe ground and first floor are let to Scendea Limited (08639168) which was incorporated in August 2013 and as at 30th June 2023 reported a total net worth of approximately £350,000 and is classified by Experian Business Express as 'Very Low Risk'.The Lease is for a term of 5 years from 24th March 2022 on an internal repairing basis limited by way of a schedule of condition and the Tenant is to contribute towards a service charge. The annual rent is £33,900 per annum subject to an upwards only rent review to open market rent on 1st April 2024.LOCAL AUTHORITYEast Herts District CouncilT. ENERGY PERFORMANCE CERTIFICATED - 78.PLANNINGWe understand that the property has longstanding Class E Office Use.BUSINESS RATESPlease refer to the marketing particulars. SERVICESWe understand the property is connected to mains water, drainage, gas and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.SERVICE CHARGETbc.TITLEFreehold under the registered title number: HD207841A copy of the title is available upon request.TERMSThe freehold interest in 20 The Causeway subject to the occupational lease is for sale by way of private treaty at a guide price of £600,000 plus VAT.VATWe understand that the property is elected to VAT.LEGAL COSTSEach party to bear their own legal and professional costs incurred.ANTI-MONEY LAUNDERING REGULATIONSAnti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identify prior to the instruction of solicitors.