MODERN 1ST FLOOR OFFICES

1,220 sq ft (113.55m2)

WITH AN ABUNDANCE OF CAR PARKING

To Let

Unit 1 Loughton Business Park Langston Road, IG10 3FL.

Other Details

Accomodation

Comprising part of the first floor of a modern two storey office building which measures approximately 1,220 sq ft (113.55m2). The space is configured to provide one large open plan office and a smaller glazed private office & is to be handed over with the furniture shown in situ. The tenant will have shared use of kitchen and M/F WC facilities with the other occupier on the first floor.

Amenities

• Well-presented modern office space • 2 temperature controlled units • 8 person passenger lift • Entry phone • Good quality partitioned offices • Suspended Ceiling with concealed lighting • Excellent natural light • 5 car parking spaces • Carpeted • Within close proximity of Junction 5 (M11) • Short walk of Debden (Central Line) Underground Station

Lease

A new FRI Lease is to be made available for a term to be agreed, subject to periodic upward only rent reviews. The Lease will be drawn outside the provision of the Landlord & Tenant Act.

Rent

£30,000pax paid quarterly in advance. The rent will be subject to VAT at the prevailing rate. SERVICE CHARGE: The ingoing tenant will be responsible to meet a proportionate cost towards both the Estate Service Charge & the internal Service Charges based on the area they occupy. Such costs will be subject to VAT.

Rates

To be re-assessed. For guidance purposes, the current RV for the entire building is £65,000. The Rates Payable are approx £32,435 for which the tenant will be liable for approximately 25%. The above figures are provided in good faith & prospective tenants are advised to make their own enquiries to the local authority - Epping Forest District Council.

Legal Costs

Each party are to be responsible for their own legal costs 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 legal formalities

Viewing

Strictly by appointment