Walton House is a 4 storey mid-terrace purpose built property in a Regency style which has pedestrian access off Parade via a secure entrance and rear access off Guy Street via the private car park.
Locke and England Auctioneers and Valuers are situated on the ground floor at the rear of the property and a passenger lift provides access to the offices on the upper floors.
The subject suite occupies the whole of the third floor and was extensively fitted out in 2015 to include new lighting, power, data and trunking, comms cabinet and patch panels, intruder alarm, door entry system, air conditioning and partitioning. Since then, new carpet tiles have been laid and internal redecoration has taken place.
Good natural light is provided by windows to the front and rear elevations with the latter being replaced in 2015. There are private ladies and gents WC’s, a kitchenette and 6 allocated spaces in the private barrier controlled rear car park.
Location
Walton House is located in the heart of Leamington Spa town centre. The building fronts onto Parade, the prime retail area and therefore, is close to shops, bars, restaurants and leisure facilities with the railway station within a 10-15 minute walk via Pump Room Gardens.
In addition to the good allocated parking provision for the suite, the Covent Garden surface level and multi-storey car park off Russell Street is only a two minute walk away and season tickets are approximately £357 (including VAT) per year at present. Directly behind the property is a short stay car park and many of the surrounding streets provide “Pay & Display” facilities with free on street parking within a 5-10 minute walk on the outskirts of the town centre.
Accommodation
The suite has a net internal area of 3,872 sq ft (359.78 sq m) which is split between two mainly open plan areas separated by a short flight of steps.
Terms
Lease Terms - A new lease for a term to be agreed will be granted on effectively full repairing and insuring terms via a service charge. The letting be taken outside the Security of Tenure provisions of the Landlord & Tenant Act 1954.
The tenant will be responsible for internal repairs, maintenance and decoration to their accommodation and for contributing 19.88% of the costs incurred under the service charge in relation to the costs incurred for the repair, maintenance and upkeep of the whole building or 33.16% of those costs relating only to the office block on the upper floors.
The service charge budget through to 24th December 2017 equates to £22,752 for the subject suite.
Rent - £46,500 per annum, exclusive of VAT, service charge, business rates and all other outgoings and payable quarterly in advance.
Services - Mains gas, water, electricity and drainage are connected to the building. Neither the landlord nor the letting agent can provide any warranties or guarantees in relation to their condition.
Business Rates
Rateable Value: £41,750
Rates Payable 2016/17: £19,456 (2017/18)
VAT - VAT will be payable in addition on the rent and service charge.
Legal Costs - Each party will be responsible for their own costs.
Specification
- Modern suite extensively refurbished and fitted out in 2015
- Principally open plan with useful private offices / meeting rooms.
- Air conditioning and 6 private parking spaces.
- Located in the heart of the Town Centre