Exchange House, , Petworth, GU28 0BF

Description

Office / Class E Building
Total Size - 456.72 sq m (4,916 sq ft)


Location

Petworth is an attractive market town located at the junction of the A272 between Billingshurst and Midhurst, and the A383 between Chichester and Guildford. The property is situated within the main public car park, which is a short distance from the town centre. Season ticket parking is available in this car park.

Planning

We understand the premises benefits from a B1 (a) Office use under the Town & County Planning (Use Classes) Order 1987, as amended.

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

As the property lies within the South Downs National Park where there are more restrictions, interested parties should make their own planning enquiries and satisfy themselves in this regard.



VAT

We understand that VAT will be applicable to the rent.

Accommodation

The property comprises a detached office / E Class building arranged over ground, first and second floors, plus a basement. The basement was originally designed for parking, but the restricted ramp access makes it only suitable for small cars. The basement is currently used for storage, due to the location of the building in a car park, but could be converted to provide additional office/E Class accommodation.

The accommodation benefits from air conditioning and accessible raised floors together with a lift.

We have measured and calculate the accommodation to have the following approximate net internal floor area of:

Floor sq m sq ft
Upper Ground Floor 120.84 1,301
First Floor 128.23 1,380
Second Floor 68.28 735
Sub Total (NIA) 317.35 3,416
Basement (GIA) 139.37 1,500
Total (NIA/GIA) 456.72 4,916


Please see link to Matterport -




Business Rates / Council Tax Band

Rateable Value (2023): £37,000.

EPC

We understand the property has an EPC rating of C(73).

Legal Fees

Each party to bear their own legal costs incurred.

Terms

We have been instructed to market the property by way of a new full repairing and insuring lease on terms to be agreed at a quoting rent of
£60,000 pax

Anti-Money Laundering Regulations 2017 Due to Government legislation we are legally obliged to undertake Anti-Money Laundering checks on prospective purchasers on transactions which involve a capital value of 15,000 euros or more. We are also required to request proof of funds. Further information available on request.