Self-contained 1st floor offices(approx 347sq ft (33.25m sq)

To Let

160 High Road

Loughton

Essex IG10 1DN

Other Details

Accomodation

Comprising self-contained 1st floor offices with dedicated access off the High Road. The space is laid-out to provide an open plan office & a private office, totalling approx 347sq ft. WC & kitchen facilities are also provided.

Amenities

• Recently refurbished. • Entry phone. • Window blinds. • Suspended ceiling with florescent tube lighting. • Laminate wood flooring. • Town Centre location. • Within a 5-minute walk of Loughton (Central Line) station.

Lease

A new FRI Lease is to be made available for a term of 5 years subject to an upward only rent review at the end of the 3rd year. The Lease is to be drawn outside the provisions of the Landlord & Tenant Act.

Rent

£12,500pax paid quarterly in advance.

Rates

According to the Valuation Office Agency website www.voa.gov.uk website, the Rateable Value is £6,900. We believe therefore that the property will be exempt from business rates in the event the tenant does not occupy any other business premises however, interested parties are advised to make their own enquiries to the Local Authority to verify whether they are entitled to full or part relief.

Legal Costs

The ingoing Tenant is to be responsible for the Landlord's reasonable legal fees borne in this transaction. ADMINISTRATIVE FEE: Upon terms being agreed and prior to Solicitor’s being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Possession

Upon completion of legalities.

Viewing

Strictly by prior appointment