Modern second/top floor offices of approximately 1,250 sq ft situated in this attractive Georgian property just off Queen Square. The office benefits from 2 kitchenettes, communal showers, a shared kitchen on the ground floor and basement bike store.
The offices are available to let on an assignment of the existing term and we understand the desks/chairs are available by separate negotiation if required.
King Street is a 17th Century cobbled street situated in Bristol City Centre, BS1, just off Queen Square.
Offered to let on an assignment of a 10 year term from June 2016 ending 28th June 2026, subject to a rent review in October 2022 and 2025. The current passing rent is £24,000pa + VAT.
The service charge which includes all utilities and use of the communal facilities, currently equates, approximately £7,884.32pa +VAT, with a further sinking fund for repairs of £5,200pa+VAT (although we understand any contributions not used during the lease term are apportioned back to the individual tenants).
The outgoing and ingoing tenant will incur their own respective legal fees. The ingoing tenant will be requested to provide an undertaking for the landlords legal fees.
The two floors are currently rated separately.
The rateable value for the second floor is £9,300 with effect from April 2017.
The rateable value for the top floor is £5,800 with effect from April 2017.
The floor plan is provided for indicative purposes only and should not be relied upon.
Rating: C (2020)
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
Strictly by appointment with Maggs and Allen only
All figures quoted are exclusive of vat unless otherwise stated.
The ingoing tenant will be charged an application fee of £250 plus VAT (£300 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks. Accounts will be requested where available and a deposit and/or personal guarantee may be required as part of the Money Laundering Regulations, we will require all prospective tenants to provide the necessary identification documents.
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
Please note additional office space is available by separate negotiation.
Maggs & Allen use all reasonable endeavours to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.