1st floor of a self-contained two-storey office which totals c. 1,127sq ft (104.7sq m)

Excellent natural light

Landmark location

2 x temperature control units

Air flow system

Underfloor trunking

Suspended ceiling with concealed LED lighting

1 parking space available at an additional cost

Other Details

Accomodation

Comprising the 1st floor of a self-contained two-storey office which totals c. 1,127sq ft (104.7sq m), presented in clear space with WC & kitchenette facilities. Access is from an entrance off High Street, Stratford. ** One car parking space can be made available – see Service Charge.

Amenities

Excellent natural light Landmark location 2 x temperature control units Air flow system Underfloor trunking Suspended ceiling with concealed LED lighting 1 parking space available at an additional cost

Lease

A new effectively FRI lease, recoverable through the service charge, is to be made available for a term of 5 years, subject to an upward only rent review at the end of the 3rd year. The lease will be granted outside the provisions of the Landlord & Tenant Act.

Rent

£32,000pax, plus VAT, paid quarterly in advance. Service Charge. The 1st floor is subject to a service charge of approximately £4,158.63pa (c. £3.69psf), which is recoverable by the freeholder and covers, but isn’t necessarily limited to, building insurance, the external building charge, commercial management charge and the estate service charge. ** Car Parking - 1 parking space can be made available in which case the tenant will be required to cover the service charge which for the current accounting year is £1,177.48.

Rates

The ground and 1st floors are currently held under one rating assessment and are in the process of being split. For guidance purposes only we estimate the new Rateable Value for the 1st floor will be in the region of £26,000pa. It’s our understanding that from April 2026 the Rate in the Pound for ‘Standard Premises’ will be reduced to 43.2. It is therefore estimated the Rates Payable will be c. £11,235pa. Tenants are advised to make their own enquiries.

Legal Costs

Each party are to be responsible for their own 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

Immediate upon completion of legal formalities.

Viewing

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