Leasehold per annum £12,500 | Exeter, Exeter, Devon, EX1

SITUATION

Baring Crescent is a quiet private road of predominantly residential and office premises surrounding communal gardens in the St Leonards area close to the city centre of Exeter. Exeter Central railway station is 1 mile to the north west and Junction 29 of the M5 motorway is 4 miles to the east. The nearest airport is at Exeter International which approximately 7 miles to the east. The property is located on Magdalen Road which offers a range of local shops and services and is approximately 1/2 a mile from the city centre.

DESCRIPTION

The property comprises first floor office accommodation in a substantial detached villa with access via a communal porch and stairwell. Externally the property comprises rendered elevations under a pitched slate tiled roof with communal parking for 4 vehicles and use of a communal garden area.

Internally the property comprises 1 double open plan office and 3 offices with wooden sash windows, category 2 lighting, data and telephone points. Access from the ground floor is via voicecom entry system and the property also has the benefit of a kitchen on the second floor which is shared together with the occupiers of the second floor as well as a shared store at ground floor level.

ACCOMMODATION

The approximate net internal floor areas as measured in accordance with the RICS Code of Measuring Practice are as follows:

FIRST FLOOR

94 Sq.m (1,012 Sq.ft)

The property also has the benefit of shared use with 1 other occupier of the kitchen and toilets at second floor and store at ground floor level, which can be summarised as follows:

SECOND FLOOR KITCHEN

10 Sq.m (108 sq.ft)

GROUND FLOOR STORE

14.3 Sq.m (154 sq.ft)

LEASE TERMS

The property is available by way of a new lease on internal repairing and insuring terms.

RENT

£12,500 per annum exclusive of all other outgoings, to include use of the kitchen and store in conjunction with 1 other occupier.

PLANNING

The property is Grade II Listed and is currently occupied as office premises. Interested parties should make their own enquiries with the local planning authority, Exeter City Council, telephone 01392 265223.

RATES

The property currently forms part of a larger assessment and will require re-assessing.

SERVICE CHARGE

A service charge will be payable to include contribution towards maintenance of common parts internally and externally and a contribution to the Residents Association for use of allocated car parking and communal garden area. Further information is available from the agents upon request.

VAT

VAT will not be chargeable on the rent.

VIEWING

Strictly by appointment with the agent.

SERVICES

Mains electricity, gas, water and drainage are connected to the property. We have not tested any of the services and any prospective occupier should satisfy themselves independently as to the state and condition of such items.

REFERENCE

BARIN/10690/51

ENERGY PERFORMANCE CERT.

Further details are available from the agents upon request.

CONTACT INFORMATION

For further information or to arrange an inspection please contact: Stags, 21 Southernhay West, Exeter. EX1 1PR Tel 01392 680058 Fax 01392 426183 Email: commercial@stags.co.uk

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.