PROPERTY FOR LEASE. 3 rd Floor Office Suite, Maxwell House, Armada Way, Plymouth PL1 1HZ



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Appendix 2B Specimen Report for the Valuation of an Office Building

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PROPERTY FOR LEASE 3 rd Floor Office Suite, Maxwell House, Armada Way, Plymouth PL1 1HZ Third storey office suite at junction of Mayflower Street and Armada Way Situated within Plymouth s shopping district Recently refurbished 1,882sq ft (175sq m) Rent on application Various options for layout using internal partitioning Excellent transport links and proximity to central business district Flexible lease terms, available now Version 1: May 2014 Not protectively marked

LOCATION The property is prominently situated at the junction of Armada Way and Mayflower Street in the centre of Plymouth s shopping area. The A38 is approximately a 10 minute drive away and Plymouth railway station is a short walk from the premises. There is ample off street and on street parking available in the vicinity. Location map c/o Google Images 2014 DESCRIPTION The property comprises three floors of modern, open plan office accommodation with a selfcontained entrance hall from Armada Way. Amenities include a passenger lift, disabled access and facilities, electric heating and suspended ceilings with inset category 2 lighting. ACCOMMODATION The accommodation comprises a recently refurbished office suite measuring approximately 1,886sq ft (175sq m) net internal area. The premises are open plan. Staff facilities are located centrally within the building accessible through the reception area, comprising WCs and disabled facilities. There is scope to alter the internal layout of the premises with the use of internal partitioning.

RENT The rent will be confirmed on application. VAT is payable. A short initial rent free period may be available upon request to assist new tenants with fitting out costs. Rent phasing arrangements may also be considered as part of an application for new or expanding businesses that promote jobs. PLANNING The property is suitable for office use only (B1). Prospective tenants are strongly advised to satisfy themselves that their proposed use for the premises is acceptable in planning terms. The prospective tenant is responsible for obtaining any necessary planning permissions, which may be required in connection with their proposed use of the premises. For further information contact Plymouth City Council s Planning Services, telephone 01752 304366. SERVICES Mains water, drainage and electricity are available. The office has electric central heating. BUSINESS RATES Rates Payable: 15,500 p.a. Rates Payable 7,230 p.a. (2014/15). You may be eligible for Business Rates Relief and should make your own enquiries on telephone number 01752-304897. TERMS OF LEASE 1. A term of 3 or 6 years with a rent review at the end of the third year for a 6 year lease (alternative lease terms available by negotiation). 2. Rent on application payable monthly in advance, exclusive of rates and other occupational outgoings. 3. Service charge payable for maintenance of common parts and building exterior. 4. Internal repairing lease whereby the tenant is responsible for all internal repairs on the premises. The Landlord shall undertake to insure the structure of the building and recharge the amount of the premium to the tenant. The insurance premium shall be payable on demand. 5. Assignment is permitted subject to landlord s consent. Subletting is not permitted. 6. No structural alterations to the building will be permitted without landlord s consent. 7. The tenant shall pay the landlord's professional expenses in preparing the lease (estimated to be in the region of 600).

FURTHER INFORMATION AND VIEWINGS For further information or to arrange a viewing of the property, please contact Jonathan Veale of the Land and Property Team on 01752 305613 or email jonathan.veale@plymouth.gov.uk ENERGY PERFORMANCE CERTIFICATE The third floor office is rated E. A full Energy Performance Certificate is available upon request. SITE PLAN The particulars are set out as a general outline only for the guidance of intending lessees and do not constitute, nor constitute part of, an offer or contract. All descriptions, dimensions, references to condition and necessary permission for use and occupation and other details are given without responsibility and any intending tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.