Rent £8,000 - £16,000 per annum

Rates Payable Business rates We understand that the property is assessed as follows: Rateable values: Unit 1 & 2 £6,500, Unit 5 £6,100, Unit E £8,300, Units E £8,300 Unit H £6,500, Unit J £13,250. Interested parties should make their own enquiries with the Local Authority to verify this information.

Description

Hove Technology Centre is situated on the west side of St Joseph's Close in an established commercial location, opposite St Joseph's Business Park with nearby occupiers including Homebase, Stamco, SIG Roofing, Carpet Right and Barker & Stonehouse.
This location benefits from good road communications being within 200m of the Old Shoreham Road (A270). The A27 Brighton By-Pass is some 2.25 miles to the north west and the A259 some 1.25 miles to the south. The area is also well served by public transport, being within a few minutes' walk of both Aldrington and Hove rail stations and the main bus routes on Old Shoreham Road and Sackville Road Hove Technology Centre is a modern purpose-built business centre, which provides a mix of self-contained office and workshop units. The building benefits from communal meeting rooms, shared WC (inc. disabled WC) and kitchen facilities, passenger lift, 41 on-site car parking spaces, and a secure rear service yard A number of units are available after a large tenant vacated.

Rent Detailed in table, per annum exclusive, payable quarterly in advance Business rates We understand that the property is assessed as follows: Rateable values: Unit 1 £7,800, Unit 4 TBC, Unit 5 £7,800, Units 6 & 7 £16,000, Unit E £10,500, Unit H £8,300, Unit I TBC.
Interested parties should make their own enquiries with the Local Authority to verify this information.

Terms Each unit is available by way of a new 3-year lease on full repairing and insuring terms, to be contracted out of the security of tenure provisions of the Landlord & Tenant Act 1954. A tenant's break option is operable at any time upon giving 6 months' notice EPC Rating EPCs are available on request Service charge Information available on request Legal costs The ingoing tenant is to pay a contribution of £400 towards the Landlord's legal costs.

Specifications

GIA sq ftGIA m2Annual Rent Rateable Values Ground Floor (front) Office Space/Workshop Unit 1 494 45.9 £ 8,000 £ 6,100 Unit 4 494 45.9 £ 8,000 £ 6,100 Unit 5 49445.9£ 8,000 £ 6,100 Unit 6-7 1,01894.5£16,000 £12,250 First Floor (front) Office Space (passenger lift) Unit E 634 58.9£10,750 £ 8,300 Unit H 503 46.7£ 8,000 £ 6,500 Unit I 1,022 94.9£16,000 £13,250

Viewings

Ralph.Smart@avisonyoung.com

EPC

EPCs are available on request

Services and Planning

Service charge The past and predicted service charge per square foot per year are detailed in the table below, the floor area used to calculate the Service Charge for Units 1, 4 , 5, H is 500sq ft, Units 6-7 and I is 1,000sq ft and Unit is E is 650sq ft.
Electricity consumed within the unit is currently recovered through the service charge (based on floor area). In future this may be recovered based on actual usage within the units leading to a reduction of around £1/sq. ft in the Service Charge. Major Works on the building that started early March, so portion of the cost fell within last years Service Charge (which is yet to be finalised), with another portion in the current years Service Charge (Year End 31/03/2022). Further details are available on request Service charge year endAnnual cost/sq. ft 31/03/2019 £4.55 31/03/2020 £5.85 31/03/2021 £10.30* 31/03/2022 £10.45* 31/03/2023 £7.00*