The property comprises a two storey headquarters style office building which is made up of four office suites split between two wings either side of a central core with full height atrium. Two of the suites were completely refurbished in 2008 to include new suspended ceilings and comfort cooling and a third suite upgraded to the same quality in 2011. The WC’s have also been completely refurbished and the creation of a separate shower room. An allowance will be provided to enable a cosmetic refurbishment for the final suite to be undertaken.
Each of the four suites are virtually identical in size and benefit from natural light to three sides via double glazed powder coated windows. The Grade A specification includes raised accessed floors with carpet tile covering, network cabling, suspended ceiling with VDU compliant lighting, comfort cooling, gas fired central heating to radiators and passenger lift. The accommodation to two of the suites is generally open plan whilst the other two suites have been subdivided by way of high quality demountable partitioning to create a number of offices and meeting rooms, part of the left hand ground floor suite has been subdivided to create a canteen and break out area with full catering kitchen to the rear (the outgoing tenant to advise whether the equipment will be left in situ or removed) and outside there are 88 car parking spaces and mature landscaping.
Location
Seton House is located on the very popular and successful Warwick Technology Park where other occupiers include National Grid Transco, Rolls Royce, Mid Counties Co Op, and the University of Warwick Innovation Centre. The town centres of Warwick and Leamington Spa are within easy reach as are Junctions 13 and 14 of the M40 motorway just to the south which provide direct links with Banbury, Oxford and London as well as M42, Birmingham and the Midland Motorway Network in the opposite direction.
Accommodation
Ground Floor
Reception - 692 sq ft
Meeting Room (currently used as a store) - 243 sq ft
Left hand office suite (incorporating kitchen / break out area) - 4853 sq ft
Right hand office suite - 4817 sq ft
First Floor
Meeting Room in link block - 366 sq ft
Kitchen and store - 225 sq ft
Tea point - 39 sq ft
Left hand office suite - 4853 sq ft
Right hand office suite - 4853 sq ft
Total - 20941 sq ft
Terms
BUSINESS RATES
The building is currently assessed as follows:
Ground floor right wing - Rateable Value - £81,000 - Rates Payable 2014/15 - £39,042
Ground floor left wing and whole of first floor - Rateable Value - £235,000 - Rates Payable 2014/15 - £113,270
LEASE TERMS
A new full repairing and insuring lease will be granted for a term to be agreed. There will be provision within the lease for the occupier to sublet up to two of the office suites subject to the agreement being taken outside the Security of Tenure provisions of the Landlord & Tenant Act 1954.
RENT
£353,000 per annum exclusive of VAT and Business Rates, payable quarterly in advance.
VAT
VAT will be payable on the rent.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in this matter.
Specification
- Grade A accommodation split between four equal size suites with a central atrium / reception area
- Majority of the accommodation was refurbished in 2008 and 2011. Allowance available for remaining suite to be upgraded.
- Good mix of open plan and partitioned office / meeting room space with comfort cooling throughout
- 88 car spaces
- Well located between the town centres of Leamington Spa and Warwick with easy access to M40.