Remodelled offices providing high quality open plan suites Ground floor let to Handelsbanken Banking Group.
Kings House, Elm Court forms part of a popular and established town centre courtyard development. The subject suites are situated in a quiet position at the rear of the development within a three storey terrace facing onto the central courtyard car park.
The accommodation has been remodelled and now provides large open plan suites on each floor with the ground floor recently let to Swedish Banking Group, Handelsbanken. The remaining suites on the upper floors will have their own shared access controlled door at ground level with intercom system and each floor will benefit from carpet tile floor coverings, suspended ceilings with inset PIR operated LG3 lighting, comfort cooling, three compartment perimeter trunking and access by way of a brand new passenger lift. Each floor has fully refurbished WC’s and 5 car spaces per floor within the private car park.
Location
Arden Street is situated on the northern side of historic Stratford Upon Avon within easy walking distance of the town centre, Maybird Retail Park and the railway station.
The property is a short distance from the A3400 which is the main road leading to Birmingham, and access to the M40 (Junction 15) is approximately 7 miles to the north via the A439 / A46.
Accommodation
Ground Floor Let to Handelsbanken Banking Group
First Floor - 2,124 sq ft - 197.27 sq m
Second Floor - 2,030 sq ft - 188.57
TOTAL - 4,154 sq ft - 385.84 sq m
The suites can be taken on a floor by floor basis or combined.
Terms
Lease Terms
The offices are available by way of a new lease for a term to be negotiated.
Service Charge
A service charge will be incorporated into the lease to cover the landlord’s costs of maintenance and upkeep of the common parts of the Elm Court Estate and providing services to the various tenants.
Rent
First Floor: £27,500 per annum
Second Floor: £26,300 per annum
The above figures are exclusive of business rates, service charge, VAT and all other outgoings, payable quarterly in advance.
VAT
VAT will be payable on the rent and service charge.
Business Rates
There is a single rating assessment for the whole building when the ground floor letting has completed, a separate assessment will be obtained for the upper floors. The breakdown of the current single assessment would produce a rateable value for the first floor of £23,365 and £23,909 for the second floor with these figures excluding car parking which are assessed at £350 per space. The rates payable figure for 2014 / 15 can be calculated by multiplying the indicative rateable values by 48.2 pence in the pound.
Legal Costs
Each party will be responsible for their own legal costs incurred in this matter.
Specification
- Fully refurbished office suites with comfort cooling
- New lift and refurbished WC’s
- Secure on site car parking with Local Authority facility on Arden Street
- Within walking distance of town centre and railway station