1st Floor Office Suite 568 sq ft (52.82m sq) - 754sq ft (70.12m sq)

To Let

6-person passenger lift

Entry phone

Gas Central Heating

Parking available at an additional cost

Suspended ceilings throughout

Other Details

Accomodation

The suite is located on part of the 1st floor (rear) & is laid out to provide a large room which has been divided to provide a partly glazed private office & a mainly open plan office. In addition, a further office / storeroom can be made available if required, located off a communal hallway, within a few metres of the main area. The main room totals approx 568sq ft (52.82m sq). The additional storeroom / office measures approx 224sq ft (20.83m sq). The total available floor area is approx 754sq ft ((70.12m sq). One car parking space can be made available by separate negotiation.

Amenities

6-person passenger lift Entry phone Gas Central Heating Parking available at an additional cost Suspended ceilings throughout

Lease

A new IRI Lease is to be made available for a term of 4 years, subject to a mid-term upward only rent review, granted outside the provisions of the Landlord & Tenant Act.

Rent

Main office - £10,500pax. Main office & storeroom / office - £12,500pax. Should the tenant require a parking space, this can be made available at a cost of £2,400pax. Rent is to be paid quarterly in advance & is subject to VAT at the prevailing rate. SERVICE CHARGE: £6.35 psf including utilities & building Insurance. A schedule setting out all services provided is available upon request. Break Clause: The Lease will make provision for a tenant only Break at the end of the 2nd year subject to serving the Landlord with 6 months prior notice

Rates

Rateable Value April 1st 2023- March 31st 2024 - £3,300. No rates payable up to £12,000 then from £12,001 to £15,000 there is tapered relief but only if occupying a single space. If taking a second property where the RV is over £12,001 then relief is lost on the first property although the benefit may remain for a short period.

Legal Costs

The ingoing Tenant is to be responsible for the Landlord's reasonable legal fees borne in this transaction. ADMINISTRATIVE FEE: Upon terms being agreed and prior to Solicitor’s being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Possession

Immediate upon completion of legalities.

Viewing

Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at marc@bennettphillips.comettphillips.com