Two Floors of Refurbished Offices (three floors if required)
Available Separately or Combined (2,918 sq ft/271m2)
Rent £12.50/sq ft exclusive of VAT and outgoings
Title – The property is secured under Title BD81644
Location – Luton which has a population of approximately two hundred and twenty thousand people straddles junctions 10 and 11 of the M1 motorway thirty miles north of London and fifteen miles south of Milton Keynes. Contained on the edge of the town’s central business district area within a few minutes’ walk of Luton town centre, Town Hall and railway station.
Junction 10 of the M1 motorway is within ten minutes’ drive in normal traffic conditions.
Description – The property comprises a purpose-built self-contained four storey office block constructed of steel framework enclosed with a mansard roof, brick cladding and a predominantly glazed frontage built in the late 1970s.
Arranged as four self-contained floors each of which is accessible by passenger lift with kitchenette facilities, lends itself to multiple occupation.
Accommodation & Facilities – Newly decorated and carpeted with the benefit of:
- Passenger lift
- Air conditioning
- Heating
- Kitchenette facilities
- Adequate wc facilities
The accommodation provides for:
| First Floor Suite | 1,498 square feet | 139.2/m2 |
| Second Floor Suite | 1,493 square feet | 138.7/m2 |
| Third Floor Suite | 1,425 square feet | 132.3/m2 |
| Total Floor Area | 4,416 square feet | 410.2/m2 |
Lease – While flexible terms may be considered a ten-year term with a five-year rent review would be preferred.
Service Charge – Payable in respect of the upkeep of shared areas and to reimburse the landlord’s expenditure in connection with insurance, heating, air conditioning and electricity.
VAT – The landlord will reserve the right to charge.
Planning – The property has an established use of offices.
Rateable Value – According to the Valuation Agency website (www.voa.gov.uk) the rateable value of the entire building is £31,500 the appropriate proportion of which will be recharged to the tenants.
Legal Costs – The ingoing tenant to be responsible for the landlord’s legal costs.
Energy Performance Certificate – An Energy Performance Certificate will be provided.
Viewing – Strictly through Peter Hill Chartered Surveyors 01582 724828 or 07973 148576.