The accommodation comprises an open plan area together with three offices or meeting rooms, a kitchen / staff room and small store / server room. The suite will be refurbished by the landlord prior to letting with or without the partitioning, as preferred by a tenant.
Location
The accommodation is superbly located at Junction 30 of the M5, and forms the Gateway to Exeter’s City Centre, which is just 3 miles away. 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. The Park Five Business Park also lies opposite Sowton 30 / Trade City business units and Bishops Court Retail Park occupied by Smyths Toys, Snow & Rock, and American Golf.
Accommodation
1,615 sq ft net approx.
Terms
Planning We are verbally advised that the accommodation has planning consent for office use but any occupier should make their own enquiries to the Planning Department of Exeter City Council. Tel: 01392 265223 or (Planning services - Exeter City Council) Business Rates According to the Valuation Office Agency website, the property has the following assessment: Rateable Value: £20,750
Rates Payable for 2024 / 2025: £10,354.25
Energy Performance Certificate The EPC Rating is C63 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/Tenure/Terms The property is available by way of a new contributory Full Repairing and Insuring lease on terms to be agreed
Rent/Purchase Price The property is offered to let for a reduced rent during the first year. Year 1: £10,093.75 + VAT Year 2: £20,187.50 + VAT There is also a service charge, details of which are available 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 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
• Double glazed windows
• Suspended ceiling with mainly recessed LED lighting
• Eight-person passenger lift to upper floors
• Gas-fired central heating
• Spacious communal areas with WC facilities
• Block pavior courtyard and landscaped parking areas
• Integral kitchen / staff room