Recently Refurbished self-contained 1st floor offices

(approx 347sq ft- 33.25m sq)

Lease to Assign

(A new lease maybe available subject to obtaining Landlords consent).

Amenities:

• Recently refurbished.
• Entry phone.
• Window blinds.
• Suspended ceiling with florescent tube lighting.
• Laminate wood flooring.
• Town Centre location.
• Within a 5-minute walk of Loughton (Central Line) station.

Other Details

Accomodation

Comprising recently refurbished self-contained 1st floor offices with dedicated access off the High Road. The space is laid-out to provide both an open plan & a private office, totalling approx 347sq ft. WC & kitchen facilities are also provided.

Amenities

• Recently refurbished. • Entry phone. • Window blinds. • Suspended ceiling with florescent tube lighting. • Laminate wood flooring. • Town Centre location. • Within a 5-minute walk of Loughton (Central Line) station.

Lease

The offices are to be made available either, by way of an Assignment of the existing Lease from February 2024, for a term of 5 years, subject to an RPI linked rent review at the end of the 3rd year, drawn outside the provisions of the Landlord & Tenant Act.

Rent

£12,000pax paid quarterly in advance.

Rates

According to the Valuation Office Agency website www.voa.gov.uk website, the Rateable Value is £6,900. We believe therefore that the property will be exempt from business rates in the event the tenant does not occupy any other business premises however, interested parties are advised to make their own enquiries to the Local Authority to verify whether they are entitled to full or part relief.

Legal Costs

The ingoing tenant is to be responsible for the Landlords legal costs to obtain consent to the Assignment. In the event a new lease is entered into each party are to be responsible for their own legal costs. 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

Upon completion of legalities.

Viewing

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