Office to let in Grenadier Road, Exeter Business Park, Exeter EX1

Situation and description

Emperor House is located on the sought after Exeter Business Park, acknowledged as the City’s prime Business Park, comprising a landscaped site on the edge of Exeter just off Junction 29 of the M5 motorway, and close to the junctions with the A30, A38 and A380 making this a central and convenient location. Its importance as a business location is firmly established attracting big names such as the Met Office, edf Energy, HSBC, Ashfords Solicitors, dhl, atass, Regus and Goodridge. The business park also includes a number of on-site facilities for occupiers including a hotel, public house, crèche, dental surgery, serviced office, self-storage and atm banking.

Exeter City centre with its busy retail area and wide range of amenities is within easy reach, including a mainline railway station (St David’s, Exeter - Paddington, London) together with a busy Regional and National airport closeby. The County town of Exeter has firmly established itself as the commercial centre for the South West with a population of approximately 120,000 and a ‘drive to work’ population of some 480,000 within a 45-minute catchment area. Emperor House is a Grade A building constructed on 3 floors to a high standard with ample car parking. The Second Floor is now available on a new sub-lease offering a mix of open plan area plus a number of individual Offices and a breakout area with kitchenette. The floor is available as a whole, or could be split into 2 smaller suites if required. Full details are available on request.

Accommodation

Brief details of the accommodation with approximate maximum internal dimensions are as follows:-

Ground floor

Approached from the Car Parking area via a shared glazed entrance lobby with monitored reception area. Leading off is a staircase to all floors together with 2 lifts to ……….

Second Floor Office Suite 716 sq.m (7,708 sq.ft) max
This stunning top floor Office suite has large windows to almost the entire front and rear elevations with commanding elevated views making this very light and airy space.

Fitted to a high standard the space includes open plan areas either side of the central core, ideally suited to a call centre or team working environments, together with a number of individual offices and meeting rooms located in each half.
Off the landing is a central break out area seating and a well fitted kitchenette to serve this floor. Each side of the main core are located Male and Female toilets with further Disabled accessible toilets. The suite benefits from hvac heating and cooling with LED lighting and access flooring. At each end of the suite are communication areas for printing and copying.

Externally

To the front of the building is a gated Car Park area with allocated car parking for up to 20 spaces is available for the top floor suite. To the rear are a number of secure covered bike storage areas.

Energy performance certificate

An EPC has been prepared for the property, a summary of which is attached below. A full copy Is available to download from the web site. The Rating is: A+

Tenure

A new 6 year effective Fri sub lease is available to expire no later than the 1st August 2027. The sub lease will be on identical terms to the head lease and will therefore include a rent review in September 2022. The sub lease will be contracted outside the Security of Tenure provisions of the Landlord and Tenant Act 1954.

A service charge will be payable for the services used withing the suite, which will not be separately metered, and will also include the use of the common areas and reception area. The tenants will reimburse a proportion of the Buildings Insurance premium.

Rent

A rent of £130,850 per annum (£16.98 per sq.ft) is payable quarterly in advance plus VAT for this Grade A office suite together with 20 allocated Car Parking spaces. It may be possible to split the floor into 2 roughly equal suites, full details on request.

Legal costs

Each party to bear their own legal costs in this transaction.

Business rates

Rateable Value: - To be assessed

The Rateable Value of the suite will be separately assessed once the suite has been occupied. For further information on the likely Business Rates please contact Exeter City Council viewing
Strictly by prior appointment only with the sole agents, for the attention of Tony Noon Ref (0647)