Office to let

Costa House, Houghton Hall Business Park, Dunstable, Bedfordshire LU5

Description

This detached, purpose-built office building is contemporary in design, of high specification and comes fitted with office furniture. It consists of 23,500 SqFt (2,183 m2), spread across ground, first and second floor.

External features:

• Impressive glass frontage.
• Brick elevations.
• 123 parking spaces.

Internal features:

• Entrance lobby.
• Predominantly open plan.
• Meeting rooms, pods and breakout areas throughout.
• Board room on each floor.
• Large canteen on the ground floor.
• Shower room on the ground floor.
• W/Cs (including disabled) on each floor.
• Central staircase.
• Passenger lift.
• X3 external fire exit staircases.
• Server room on each floor.

Location

The property is located at the parkland set Houghton Hall Business Park which is accessed off Porz Avenue, Dunstable. Various arterial routes and key areas are within proximity, for example:

• M1 J11A = 1.6 miles
• A5 (to Milton Keynes) = 1.5 miles
• A505 (to Luton and Hitchin) = 1.1 miles
• Dunstable town centre = 1.1 miles

Terms

The property is available to lease upon full repairing and insuring terms on any of the following bases.

• Assignment of Lease: The property is subject to an existing lease to Costa Coffee, which is contracted outside of the '54 Act, at a rental of £378,000 per annum exclusive and expires 1st October 2024. It is possible for this lease to be assigned.
• Sub Lease: It is possible to grant a sub lease of part or all of the property, broadly as per the terms above.
• New Lease: Subject to landlord approval, there is potential to surrender the existing lease and simultaneously grant a new one to a new lessee, upon full repairing and insuring terms, for a term to be agreed.

Rateable Value

The Rateable Value of this property is £285,000 Please note that this is not Rates payable.

Legal Costs

Each party are to bear their own costs.

VAT

Plus VAT at the appropriate rate, if applicable.