Langston Road, Loughton, Essex, IG10

LOCATION:
Loughton Business Centre is located just off Langston Road which has fast become a go to destination for a wide range of services including Car Sales BMW/Mini, Mercedes & Volkswagen all represented. Epping Forest Retail Park is situated opposite where retailers such as TK MAXX, Home Bargains, Next, Smyths, Aldi & Greggs amongst others can be found. Junction 5 of the M11 is within a two-minute drive. Debden (Central Line) underground station is within a few minutes' walk.

ACCOMMODATION:
Comprising part of the first floor of a modern two storey office building, currently laid out to provide an open plan office and glazed partitioned private room. The office totals c. 1,220sq ft ** with the possibility of an additional c. 500sq ft being made available.
Kitchenette facilities are located on the communal landing, with M/F WC facilities also provided.

LEASE:
A new FRI Lease is to be made available for a term to be agreed, subject to periodic upward only rent reviews. The Lease will be drawn outside the provision of the Landlord & Tenant Act.

RENT:
£25psf paid quarterly in advance. The rent will be subject to VAT at the prevailing rate.

RATES:
The Business Rates for the entire 1st floor totals £21,831.25. The occupier of the subject suite is liable for a 53% contribution which totals c. £11,570.56pa

SERVICE CHARGE:
The tenant's contribution towards the service charge & Estate Service Charge is c. £5.35psf which includes all outgoings other than Broadband & phone calls

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.

LEGAL COSTS:
Each party are to be responsible for their own legal costs borne in this transaction.

POSSESSION:
Immediate upon completion of legal formalities.