Suites 3 & 4, The Victoria, 25 St Pancras, Chichester
£17750 per annum
Offices /
1,421 sq ft
Features
- On site, allocated parking for 3 vehicles
- Mixture of open plan and private offices
- Close proximity to the city centre
- Within an impressive period property
- Well managed estate
- Established office location
Location
The property is located on St Pancras and within reasonable walking distance for West Sussex. The city is located approximately 65 miles south west of London, 15 miles east of Portsmouth and 30 miles west of Brighton
Description
Two well presented first floor office suites benefiting from three dedicated parking spaces, private kitchen area and private office/meeting rooms within The Victoria building which forms part of an office complex on the edge of the City centre and comprises 1,421 sq ft (132 sq m)
Suite 3 - 903 sq ft (84 sq m)
Suite 4 - 518 sq ft (48 sq m)
Total: 1,421 sq ft (132 sq m)
EPC available upon request
Terms
The premises are available by way of a new (effectively) full repairing and insuring lease for a term to be agreed at a commencing rent of £17,750 per annum exclusive
Planning
The premises benefit from B1(a) use within the Use Classes Order 1987 (as amended)
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Service Charge
We understand that there is a service charge payable to cover maintenance of the site.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT
Rateable Value
Under the current assessment the first floor has a rateable value of £11,862. This may be subject to a re-assessment.
The property may be eligible for Small Business Rate Relief which is currently based on the rateable value of the property. Since October 2010 this has been as follows:
Relief awarded for rateable values up to £6,000 is 100%. Relief awarded between rateable values of £6,000 and £12,000 is reduced on a sliding scale from 100% to 0%.
In a recent Government Budget if was announced that as of April 2017 the threshold when Small Business Rate Relief is applied may increase where the property has a rateable value of £12,000 or below the occupants will receive 100% relief. Businesses with a rateable value between £12,000 and £15,000 will receive tapered relief
Legal Costs
Each party to bear their own legal costs incurred in this transaction
