This modern office suite is superbly located at Junction 30 of the M5, and forms the Gateway to Exeter's City Centre (3 miles distant). The development has the benefit of easy access and parking for those travelling by car.
Location
The accommodation is superbly located at Junction 30 of the M5 and forms the Gateway to Exeter’s City Centre (3 miles distant). The development has the benefit of easy access and parking for those travelling by car and the additional advantage of the Exeter Park & Ride scheme immediately adjacent. Digby & Sowton railway station is also close by and only a five-minute walk away. Park Five Business Park also lies opposite Sowton 30 / Trade City business Units and Bishops Court Retail occupied by Smyths Toys, Snow & Rock and American Golf.
Accommodation
1,751 sq ft net approx.
Terms
Planning We are verbally advised that the accommodation has planning consent for office, healthcare and other such uses within Class E, however any occupier should make their own enquiries to the Planning Department of Exeter City Council. Tel: 01392 380088 or https ://exeter.gov.uk/planning-services/
Business Rates Interested parties should make their own enquiries to Exeter City Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment.. www.voa.gov.uk . According to the Valuation Office Agency website, the property has the following assessment: Rateable Value: Rates Payable for 2023 / 2024:
Energy Performance Certificate £22,500 £11,227.50 The EPC Rating is C71 and the full certificate can be provided on request.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020 Lease Terms The office is available by way of a new contributory Full Repairing and Insuring lease on terms to be agreed. Alternatively, a new lease could be subject to agreement.
Quoting Rent Year 1: £10,943.75 (plus VAT) Years 2-3: £21,887.50 per annum (plus VAT) and fixed for the remainder of the lease.
Service Charge These details are available from the Agents on request.
Legal Costs Each party is to be responsible for their own legal costs.
References/Rental Deposits Financial and accountancy references may be sought from any prospective tenant prior to agreement. Prospective tenants may be required to provide a rental deposit subject to the landlord’s discretion.
VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the rent/purchase price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement.
AML A successful tenant will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Specification
• Eight-person passenger lift to upper floors
• Block pavior courtyard and landscaped parking areas
• Kitchenette / staff area