155 Brook Drive comprises a detached high specification hybrid building providing warehouse and flexible high office content accommodation. The building has been fitted to an extremely high quality.
Location
Milton Park is accessed from the A34 (Milton Interchange) which links directly to the M4 (J13) and the M40 (Junction 8/9). Milton Park lies 12 mile south of Oxford. Rail communications are excellent with Didcot Parkway providing a fast and frequent service to Oxford (12 minutes approx., Reading (13 minutes approx.) and London Paddington (45 minutes approx.). Milton Park run a regular shuttle bus service to Didcot Station.
Milton Park is home to a wide range of organisations from a diverse range of sectors including science and biotech companies. The Park accommodates over 250 organisations which together employ over 9,000 people.
Facilities on Milton Park include a restaurant, various cafés, post office, gym and children’s day nursery.
Accommodation
The property has the following approximate gross internal floor areas.
Ground floor warehouse - 9,102 sq ft (846 sq m)
Ground floor office - 5,829 sq ft (542 sq m)
First Floor office - 3,758 sq ft (349 sq m)
Total - 18,689 sq ft (1,737 sq m)
There are additional mezzanine storage areas providing a further 1,963 sq ft (182 sq m).
Terms
LEASE TERMS - The property is available on a new full repairing and insuring sub-lease for a term to be agreed. It is offered on behalf of the existing tenant with a lease from August 2016 expiring July 2036 subject to a tenant only break in July 2031. The quoting rent is £310,000 per annum exclusive. Consideration will also be given to an assignment or surrender and new lease directly from the Landlord.
BUSINESS RATES:
Rateable Value (2017): £120,000
2017/18 Multiplier: 0.479
The property forms part of the local Enterprise Zone and qualifying companies may benefit from significant discounts of up to £55,000 per annum.
All rateable values should be verified by the ingoing party with the Local Authority. Further information from www.voa.gov.uk
VAT - All figures within these terms are exclusive of VAT, where chargeable.
EPC - Energy Performance Asset Rating: B39
LEGAL COSTS - Each party will bear their own legal costs incurred in connection with this transaction.
Specification
- Security features throughout the building
- 50:50 office to warehousing split approx.
- 6.7m clear height warehouse with Reznor space heating
- Fitted canteen/breakout area
- Full height loading door from dedicated yard area
- Potential for significant business rates discounts for qualifying companies
- Prestigious business park location with plentiful on-site amenities
- Dedicated parking and convenient for Didcot Parkway