151-159 High Road, Loughton, Essex, IG10

LOCATION:
The property is prominently located at the junction of High Road and Old Station Road. Loughton (Central Line) Station is within a few minutes' walk of the building. The M11 motorway is approximately 1 mile away, providing easy access to the motorway network via the M11/M25 and A406. The High Road offers a variety of retail, banking and restaurant facilities as well as numerous bus routes which link Loughton to other local towns.

ACCOMMODATION:
Comprising a well-presented office suite laid out to provide two private offices & an open plan area benefitting from excellent natural light, totalling approx 830 sq ft (77.1m sq). The suite has shared use of kitchen & WC facilities.

One car parking space can be made available at a cost of £1,000pax.


LEASE:
A new effectively Full Repairing and Insuring Lease is to be made available for a term of 2 years subject to a mutual Break after 12 months. The Lease will be drawn outside the provisions of the Landlord & Tenant Act.

RENT:
£14,500pax. VAT is applicable at the prevailing rate.

SERVICE CHARGE:
Service charge plus utilities is £8 per sq ft per annum. VAT is applicable at the prevailing rate.

RATES:
Rateable Value: £11,750

Business Rates are not payable on properties with a Rateable Value up to £12,000. From £12,001 to £15,000 there is tapered relief. If a company occupies a second property where the RV is over £12,001 then relief is lost on the first property although the benefit may remain for a short period. It is a tenant's responsibility to make their own enquires & satisfy themselves whether they are eligible for rate relief in part or whole.

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:
Subject to the simultaneous surrender and grant of a new lease.

VIEWING:
Strictly by appointment through sole agents Bennett Phillips Luton | , Contact Marc Luton at