Ground Floor Office Oakwood House, Oakwood Hill Industrial Estate, Loughton, Essex

Location:
The property is located within the Oakwood Hill Industrial Development which is at the junction of Oakwood Hill and Chigwell Lane and within approximately a 5-minute walk from Debden Underground Station (Central Line). Numerous bus routes pass the property on a regular basis and access to the M11 Motorway is within a couple of minutes’ drive. The immediate area also benefits from having
excellent shopping facilities being within a few minutes’ walk of Epping Forest Retail Park where occupiers include TK MAXX, Card Factory, Next, Greggs, Home Bargains, Smyths & ALDI.

Accommodation:
The premises comprise a predominantly open-plan office suite situated on the ground floor of Oakwood House. The accommodation is well fitted with suspended ceilings, carpeted flooring and perimeter trunking. The suite benefits from shared use of kitchen and WC facilities, together with 2 allocated car parking spaces. The property measures approximately 874 sq ft (81.19m2) on a net internal basis.

EPC:
The property has an EPC rating of B.

Lease:
A new Lease is to be made available for a term to be agreed.

Rent:
£20,000 per annum exclusive.
Rent paid quarterly in advance. VAT is not applicable.

Service Charge.
The service charge for the offices, is currently £5.53psf pa. Electric is billed on a per use basis from meter readings at £0.2833 p/unit, plus Standing charge at £0.78/day.

Rates.
To be re-assessed, although prospective tenants are advised to make their own enquiries to Epping Forest District Council.

Administrative Fee.
Upon terms being agreed and prior to Solicitor 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.
Immediate upon completion of legal formalities.

Legal costs.
The ingoing tenant is to be responsible for the Landlords reasonable legal costs.