First Floor, Milford House, Pynes Hill, Exeter, Devon, EX2

High specification, refurbished building provides accommodation of a high quality and impressive design over three floors. The floorplate provides open plan accommodation with reception break out area offices boardroom and meeting room.

On Site Car Parking

24 on site parking spaces and one dedicated EV charger with shared visitor and disabled parking adjacent to the main entrance.

Energy Performance Certificate

An Energy Performance Certificate has been carried out on this property (for the whole building) and the current performance band is showing as B (score of 50).

Terms

The accommodation is available by way of an assignment of the existing lease dated 30 June 2023 which is for a term of 10 years with an upwards only rent review from 30 June 2028 at a current rent of £52,858.75 per annum until 30 June 2024 increasing yearly as follows:

w.e.f 01 July 2024 £108,738.00 ( £18.00 psf )
w.e.f 01 July 2025 £111,758.50 ( £18.50 psf )
w.e.f 01 July 2026 £114,779.00 ( £19.00 psf )
w.e.f 01 July 2027 £117,799.50 ( £19.50 psf )

The base rent with effect from 01 July 2028 will be £120,820 per annum ( £20.00 psf ). There is a tenant only option to break the lease with effect from 30 June 2028.

The accommodation can be offered fully fitted and furnished and on a flexible short term lease.

Business Rates

Details of rateable values which apply to the suites are available from the Agents. For confirmation of the rates payable you are advised to contact Exeter City Councils Business Rate department on .

VAT

All figures quoted are exclusive of VAT if applicable.