The premises comprise a mid terrace two storey property with pedestrian access directly from the pavement into a shared entrance lobby with WC leading off and flight of stairs to the subject suite on the first floor.
The suite extends over the whole of the first floor with windows to the front and rear. The accommodation has been refurbished and includes a carpet tiled floor, LED lighting, kitchenette and gas fired central heating.
Location
Cross Street is a side road running between Clarendon Street and Willes Road on the eastern side of Leamington Spa town centre and comprises a mix of commercial and residential accommodation. The main retail area of the town is within approximately 350 metres and a host of shops, bars and restaurants can be found on Regent Street and Warwick Street.
The railway station is within a 10-15 minute walk with regular services to Birmingham and London Marylebone. Time limited car parking is available on Cross Street with ‘Pay and Display’ on-street parking and Local Authority car parks nearby along with free all day on-street parking in certain areas.
Accommodation
The suite has an average length of 15.75 m and average width of 5.6 m with a net internal area is 939 sq ft (87.21 sqm). The suite has a kitchenette and exclusive use of the WC on the ground floor.
Terms
Business Rates - The suite is not currently assessed for business rates so a new assessment will be obtained. Based on the assessments of other properties in the immediate vicinity, we would estimate the rateable value will be below £12,000 which will enable eligible occupiers to claim 100% rate relief from 1st April 2017.
Lease Terms - A new lease will be granted for a term to be agreed with the letting being taking outside the Security of Tenure provisions of the Landlord & Tenant Act 1954.
The Tenant will be responsible for internal repairs, maintenance and decoration to the suite and for contributing towards the upkeep of the entrance lobby and the building insurance. The Landlord will maintain, repair and decorate the exterior pf the property and the roof but will not recharge these costs.
Rent - £12,000 per annum, exclusive of business rates, service charge, VAT and all other outgoings and payable quarterly in advance.
Specification
- Refurbished open plan first floor office suite
- Kitchenette, LED lighting and gas central heating
- Quiet ‘back water’ location only a short walk from town centre
- Railway station within a 10 – 15 minute walk