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Caddsdown Blue - Brand New Office Suites to Let

Caddsdown Blue

The Office Suites at Caddsdown Blue are situated at the end of the main arterial road through Caddsdown Industrial Park, just off the A39, close to Atlantic Village Retail Park. We have 2 suites remaining on the ground floor. Nearby we have meeting/conference rooms in our Support Centre which are available to rent at a discount to our tenants. There is on site parking for tenants and their visitors close by.

 

 

Accommodation

 

Suite 3 is 96 sq

Metres - net internal area

Suite 4 is 43 sq metres - net internal

area

Rental

£12,920.00 pax

£5,775.00 pax

Service Charge

£2,270.00 p.a

£1,010.00 p.a

Both suites benefit from their own self contained kitchen and WC facilities.

Service charge covers items such as buildings insurance, landscape maintenance, window cleaning, refuse removal and security patrols. Rent and Service charge are payable in monthly instalments in advance, by direct debit on the 1st of each month. Deposit is 2 months rent and there is a legal fee of £60 + vat.

Tenure

The premises will be let on a five-year business lease. The lease will be contracted out of the provisions of Part II of the Landlord and Tenant Act 1954. A tenant break will be allowable at 3 years.

Liability

The Tenant will be responsible for repairing & insuring the interior of the premise. They will benefit from the Landlords responsibility of insuring and repairing the exterior. The Tenant is responsible for business rates and Public liability insurance must be arranged for at least £5,000,000.

Rateable Value

 

Suite 3

Suite 4

 

Approximate Rateable Value

£11,500

£6,500

Approximate

Rates Payable

£5646.50 per annum

£3191.50 per annum

You can apply for Small business rate relief if either suite 3 or 4 are your only business premises.

Planning

The Studios have permission to be occupied for uses B1/A2 per the Use Classes Order 1987 (including 2005 amendment).

VAT

Under the Finance Acts 1989 and 1997, VAT will be levied on the Rent. We recommend that the prospective tenant(s) establish the VAT implications before entering into any agreement.

Viewings
Strictly by appointment only, with:

Sarah Pennington

Torridge District Council

Riverbank House

Bideford

EX39 2QG

Tel: 01237 428738 or 07966 274629

Email: sarah.pennington@torridge.gov.uk

Subject to Contract - Important Notice: These particulars do not constitute any offer or contract and although they are believed to be correct their accuracy cannot be guaranteed and they are expressly excluded from any contract.

18 December 2019