Office to let in 2 Southernhay West, Exeter, Devon EX1

First floor office of two rooms

Prime office location

Approx: 617 sq ft (57.3 sq m)

100% Small Business Rates Relief

The building occupies a prominent position on Southernhay West in Exeter's prime office district. The Georgian terrace looks out across the mature gardens of Southernhay to the front and the Roman city wall and Exeter Cathedral to the rear.

Southernhay occupiers including a number of professional firms as well as medical and therapy uses. It is situated adjacent to both the city centre's prime retail district and the Cathedral Green close to High Street shops, banks, restaurants and the Mercure Southgate Hotel, Premier Inn and Southernhay House Hotel.

The offices are also well positioned for access to one of the many large car parks within the vicinity of Southernhay and there is on street pay and display parking in front of the office.

Description
2 Southernhay West is a mid-terrace Georgian building with offices on five floors. The available office suite is on the first floor, and consists of a large front room and a smaller rear room. It shares kitchen and WC facilities which are on the second floor.

Accommodation
The office has an approximate net floor area of:

617 sq ft (57.3 sq m).

Lease Terms
The office is available by way of a new lease on a contributory full repairing and insuring basis subject to a service charge for the upkeep and maintenance of the building.

The initial rent is £8,000 per annum exclusive.

The service charge budget for this suite is understood to be £4,575 in the current year.

Rent Deposit
A rent deposit may be required from prospective tenants, subject to status.

Rateable value
The unit is assessed with a rateable value of £8,200.

Rates payable 2024/25: £4,091.80

Qualifying tenants will be eligible for 100% Small Business Rates Relief, i.e. No rates payable in the current year.

VAT is not chargeable to the rent or service charge.

The service charge budget for this suite is understood to be £4,575 in the current year.

Each party are responsible for their costs in the transaction.

A revised EPC is awaited.