Rent £22,190 per annum exclusive of rates, service charge, VAT & all other outgoings. The rent will increase annually with RPI increases which will have a collar of 2% & a cap of 4%.

Rates Payable The space is currently assessed as 2 spaces with a rateable value of £14,750 for the larger unit & £6,300 for the smaller unit. It is most likely the space will need to be re-assessed as a whole & the rates payable will be based on the combined rateable values multiplied by the multiplier.

Service Charge In addition to rent there will be a service charge payable of circa £5 per sq ft which will include the cost of heating, cleaning, buildings insurance & maintenance of the shared areas as well as some other items to be firmed. please note the cost will increase annually in line with RPI with a cap & collar of 2 & 4%.con

EPC Rating This property has been graded as C (64)

Description

Forming part of this character 1930's style building that has been refurbished & split into 5 units. The office space is arranged at ground floor level & can be accessed via either the main communal entrance or its own side access where its 2 parking spaces (back to back arrangement) are located. The space comprises a large open plan space in addition to a further room with a recently installed feature skylight whilst the space also has its own kitchen (although please note this is separate to the main office & is required by other tenants for access to & fire escape). Features include carpeted, suspended ceilings with LED lighting & partially air conditioned.

Terms

Available by way of a new effective full repairing & insuring lease for a term of 5 or 6 years with provision for a mutual break clause the 3rd anniversary. There will be an annual rent increase in line with RPI. The lease will be excluded from the landlord & tenant act 1954 sections 24-28 part II. A rent deposit will be required subject to status of the incoming tenant.