Business Summary

SITUATION AND DESCRIPTION

The Saxon Center comprises a prominent purpose built commercial building arranged as ground floor shops with offices on first and second floors. The ground floor shops are predominantly let to Class A2 office occupiers whilst the first floor offices are mainly occupied by Fretten Solicitors.

The subject premises comprise part of the second floor offices which is currently partitioned into smaller suites. The landlords are prepared to undertake works to provide open plan space. There is a lift in the building for disabled access and communal male and female cloakrooms on both floors

ACCOMMODATION

Net Internal Area 1,700 sq.ft. (138.88 sq.m.) approx

Communal male and female cloakrooms

RATEABLE VALUE - £17,000

U.B.R. 2012/2013: Payable; 45.8% (if eligible for small rate relief), otherwise 45.0%

Interested parties should enquire of the local Rating Authority as to the implications of the phasing arrangements on the amount of rates actually payable. Parties should also make enquiries concerning the implications of the small business allowance

PLANNING

Class B1 Offices
Class D1 use considered subject to planning consent

TENURE

A new lease with terms to be negotiated at a rental of £10 per sq.ft. plus VAT

Service charge to cover maintenance and upkeep of the communal parts of the building.

Alternatively a new tenancy agreement for a term up to three years, prepared by Ellis and Partners is available. The incoming tenant will be expected to pay an administration fee of £250 plus VAT for the preparation of the tenancy agreement.

LEGAL FEES

The incoming tenant will be responsible for their own legal fees.

VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

Tel: 01202 551821
Website: www.ellis-partners.co.uk

Property Details

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