1 Oaktree Place

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Key Points

Summary

Refurbished First Floor Offce Suite in Sought After Location

Description

Oak Tree Place is in a landscaped area surrounded by office and business units all set around paved forecourt and car park areas. The suite is arranged on the First floor and is well fitted with a range of open plan and cellular Offices plus a well fitted kitchen and meeting room. The suite could be sub divided into 2 suites of 85 sq.m (915 sq.ft) and 55 sq.m (592 sq.ft) if required, further details are available on request. The premises are suitable for a variety of potential occupiers and are available on flexible terms.

FIRST FLOOR
Office Suite 1 10.95m x 6.05m (35’11” x 19’10”) max
Bright and airy room with windows to 2 elevations. Suspended ceiling with integrated LED lighting. Cat 5 cabling within dado trunking with ample power points. Carpeted. Ceiling mounted Aircon cassettes. Radiators.

Managers Office 2 3.90m x 2.97m (12’9” x 9’9”) max
Well fitted with a pair of glazed doors onto the main office plus glazed side panels adjoining.

Kitchen 2.90m x 1.49m (9’6” x 4’10”) max
Well fitted kitchen with range of base units and stainless steel sink with single drainer inset into ample worktops. Tiled splashbacks. Wall cupboards. Fitted fridge and dishwasher under.

Meeting Room 3 3.70m x 3.34m (12’2” x 10’11”) max
Door from the entrance lobby plus a further set of double doors into Office No 4. Suspended ceiling with integrated LED panels. Carpeted. Electric panel heater. Radiator. Power as fitted.

Office No 4 10.38m x 4.15m (24’0” x 13’7”) max
Spacious office with windows to 2 elevations making this a light and airy room. Potential to sub divide this into 2 separate rooms if required. Cat 5 cabling within dado trunking and ample power points. Suspended ceiling with LED panels. Ceiling mounted Air Con cassette.

Server Room 2.90m x 1.49m (9’6” x 4’10”) max
Power and light. Wall mounted Aircon unit. Shelving as fitted.

Location

These well located premises are situated on the sought after Matford Business Park on the Edge of Exeter City Centre just off of the main spine road leading through the estate. The premises therefore offer excellent access to the City but also to the A30 / M5 and A38 / A380 trunk roads.

Exeter is the capital city and county town of Devon and has firmly established its reputation of being the commercial centre of the South West. The city has a
population of approximately 120,000 with a ‘drive to work’ population of some 480,000 within a 45 minute catchment area. The city has two mainline railway stations plus a modern and vibrant shopping area including the Princesshay Retail centre. Exeter airport is approximately 8 miles distant with regular national and international flights.

Terms

a rent review and tenant only break clause at the end of the third year at a rent of £16,950 per annum exclusive, plus VAT. A service exists for the maintenance of the building including the shared services such as cleaning and lighting of common parts and fire alarm etc, plus an Estate Service Charge for landscaping and a contribution towards the buildings insurance. The lease will be contracted outside of the Landlord and Tenant Act.
Alternatively, it is possible to purchase the Long Leasehold Interest of 125 years from the 1st February 1989 at a peppercorn rent with an asking price of £195,000 plus VAT. Further details on request.

Legal Costs

Each party to pay their own legal costs.

Anti - Money Laundering

Anti-money laundering (‘AML’) legislation require estate and letting agents to verify the identities of parties involved in property transactions and to determine the legality of funds supporting a property transaction. A party interested in this property transaction must provide certain AML information and documents to the [seller’s] [landlord’s] agent(s). This also includes documents on those who may run and own the interested party, or the ultimate beneficiary of the property transaction.

Business Rates

The premises currently have 3 rating assessments, which will be re-assessed on completion of the lease.
Office Area 1 £6,500 (2017 valuation).
Office Area 2 £4,050 (2017 valuation)
Shared Kitchen £ 360 (2017 valuation)
We understand that a Business Rates reduction of up to 100% may be available for qualifying businesses under the Small Business Rate Relief scheme, which may apply to these premises.