Victoria Court is in the heart of the town and was purpose built in the early 1990’s. It has a period style frontage behind which is four large open plan floor plates providing modern office accommodation. There are two passenger lifts, refurbished male and female WC’s on each level plus intermittent disabled WC’s.
The general specification includes raised access floors with moveable boxes for power, data and telecoms cabling, double glazed sash windows with roller shutter blinds, an intercom system with colour video camera which controls the front door, a private door control system into the suite and 24/7 access into the building. The exterior of the building is covered by a CCTV system which also extends into the reception area.
The subject suite comprises approximately 50% of the second floor and was extensively refurbished in 2012. Works undertaken included new ceiling tiles, Category II light fittings, flooring finishes, power supplies, sockets, 3 compartment trunking, redecoration and new data / network patch panels. The original open plan layout has been partitioned to create a mix of space and an indicative floor plan is attached to these particulars to show the current layout.
Air conditioning was installed as part of the above programme of works and one unit was subsequently relocated from the main open plan office into the kitchen but can be easily reinstated by a future occupier, if so required. The units provide heating and cooling and there is also gas fired central heating to radiators which runs throughout the building and is served by a communal boiler.
The meeting facilities are very adaptable as a sound proof partition system can be folded back to provide a large meeting / conference room or it can be closed to form two good size rooms. There is also the potential to create further meeting space by adapting the adjacent viewing and breakout rooms.
Part of the original office accommodation is currently used for storage but we anticipate future occupiers will utilise it for office purposes and could incorporate with the adjacent office by removing the partition wall between the two areas.
A catering standard kitchen has been installed and although certain fixtures and fittings will be removed, an in-going tenant can fit out the space to their requirements and may wish to utilise part as a breakout area.
The outgoing tenant is willing to consider a sale of many items of furniture and audio visual equipment. Further details and a price is available upon application.
Location
The premises are at the western end of Dormer Place, close to the junction with Dale Street / Adelaide Road. The main shopping area of the town, Parade, is within approximately 200 metres with various bars, restaurants, the Library, Jephson Gardens, a gym and the cinema also only a short walk away.
“Pay and Display” on street parking is available along Dormer Place and free on street a car parking in Milverton Hill, York Rd and certain other side roads. Local Authority car parks at Bedford Street and Adelaide Bridge are within approximately 150 metres. The railway station is approximately 700 metres away on foot via Pump Room Gardens and provides a main line link to London in approximately 1 hour 20 minutes and Birmingham (average time 35 minutes). Junctions 13 and 14 of the M40 on the south side of the town can be easily reached as can the A46 By-Pass to the north.
Accommodation
Ground Floor
Access controlled main entrance doors into reception lobby with passenger lift to:-
Second Floor.
Access controlled door into subject suite which has a net internal area of 3,978 sq ft (369.56 sq m) and divided by way of partition walls as per the indicative space plan attached to these letting particulars.
Terms
CAR PARKING
3 spaces are allocated within the private communal car park.
SERVICES
Mains, water, gas, electricity and drainage are connected. The second subject suite is heated and cooled by air conditioning units in the suspended ceiling which are independently controlled by the occupier. A gas fired central heating system serves the whole building with radiators in the suites having thermostatic valves.
BUSINESS RATES
Rateable Value: £51,500
Rates Payable: £25,390 (2015/2016)
LEASE TERMS
The suite is available by way of an assignment of the current lease which commenced 12th April 2012 for a term of 10 years with a tenant break clause which will be effective at the end of the 5th year of the term, subject to providing not less than 6 months written prior notice to the landlord. If the break clause is not exercised, a rent review will take place at the end of the fifth year of the term.
Under the terms of the lease, the tenant is responsible for maintaining, repairing and decorating the interior of the subject suite and for contributing towards the service charge.
RENT
£38,840 per annum 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.
SERVICE CHARGE
The tenant will contribute towards the cost incurred in relation to the upkeep of the common parts and exterior of the building and any communal services such as heating to the offices via the gas fired system, door access control systems, CCTV, heating and lighting of the common parts, lift maintenance etc. The subject suite has its own electricity sub-meter.
The budget for the current year through to 30 June 2016 equates to £4.38 per sq ft plus VAT with building insurance recovered separately.
LEGAL COSTS
Each party will be responsible for their own costs incurred in this matter.
Specification
- Purpose built office building with mock period facade and modern interior.
- Second floor suite extensively refurbished in 2012 to provide high quality air conditioned and fitted out accommodation.
- 3 car spaces.
- DDA compliant including two passenger lifts and disabled WC’s.
- Town centre location, close to Local Authority parking and railway station.