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156 & 158 Reliance Way, Oxford

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Adams House and Rivera House, 156 and 158 Reliance Way, Cowley, Oxford | £22 per sq ft per annum

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B1 START UP OFFICES TO LET

Location

The offices comprise part of the newly developed commercial element of the former Oxford bus depot. The offices are located close to the intersection of the Cowley Road and Glanville Road, approximately 1.30 miles to the north west of Oxford Business Park and 2 miles to the south east of Oxford City Centre.

The immediate surrounding area is largely residential and the offices adjoin "Mansion Mews", a purpose built student accommodation block.

The nearby ring road (1.40 miles) provides easy access to the M40 and surrounding areas.

Description

Adams House and Rivera House comprise two recently constructed buildings for B1 start-up businesses. The accommodation is arranged on 3 floors and the open plan space is configured around a central core with WCs at each level. Each floor is capable of division into two equal suites. The two buildings will be fitted out to suit the business requirements of individual occupiers.

Both buildings are accessed off Reliance Way and will be let with two car parking spaces per floor.

Accommodation

The property benefits from the following approximate net internal areas:

Adams House Rivera House

Ground Floor 1263 sq ft (117.33 sq m) Ground Floor 1266 sq ft (117.61 sq m)

First Floor 1263 sq ft (117.33 sq m) First Floor 1266 sq ft (117.61 sq m)

Second Floor 1263 sq ft (117.33 sq m) Second Floor 1266 sq ft (117.61 sq m)

Tenure

The suites are available on internal repairing leases for a maximum term of 3 years.

All leases will be excluded from the security of tenure and compensation provisions of The Landlord and Tenant Act 1954.

Rent

The rent, inclusive of heating, water, parking and caretaking, will be based upon £22 per sq ft per annum. Rents will be payable monthly in advance. Electricity charges will be the responsibility of the incoming tenant.

VAT

All figures are exclusive of VAT where applicable which will be chargable at the standard rate.

Business Rates

The tenant will be responsible for business rates. The rateable value has been quoted at £18,000 (subject to standard fit out) per floor. The uniform business rate for 2015/16 has been set at 48 pence in the pound for small businesses (£8,640 per floor for current year).

Legal Costs

Each party to be responsible for their own costs in the transaction.

Security Deposit

A security deposit equivalent to one quarters rent plus VAT will be required.

Viewings

Viewings are to be strictly by appointment with the sole letting agents:

Ref: CCM

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OXFORD

Seacourt Tower
West Way
Oxford
Oxfordshire
OX2 0JJ
United Kingdom


Tel: 01865 728 000


Find an office

Terms

Tenure

The suites are available on internal repairing leases for a maximum term of 3 years.

All leases will be excluded from the security of tenure and compensation provisions of The Landlord and Tenant Act 1954.

Rent

The rent, inclusive of heating, water, parking and caretaking, will be based upon £22 per sq ft per annum. Rents will be payable monthly in advance. Electricity charges will be the responsibility of the incoming tenant.

VAT

All figures are exclusive of VAT where applicable which will be chargable at the standard rate.

Business Rates

The tenant will be responsible for business rates. The rateable value has been quoted at £18,000 (subject to standard fit out) per floor. The uniform business rate for 2015/16 has been set at 48 pence in the pound for small businesses (£8,640 per floor for current year).

Legal Costs

Each party to be responsible for their own costs in the transaction.

Security Deposit

A security deposit equivalent to one quarters rent plus VAT will be required.