New Instruction

£108,695.00 pax

To Let - Offices

Call the Leamington Spa branch on 01926 429 400 or email commercial@peterclarke.co.uk

LOCATION
Birmingham Business Park is situated about 13 miles east of Birmingham City Centre in the Borough of Solihull.

It has excellent communications. Junction 6 of the M42 and Junction 4 of the M6 are both some 3.5 miles (via the Chester Rd / A452) and 1.5 miles away respectively.

Birmingham International rail station is about 2.5 miles to the south providing a regular service to London Euston as well as to Birmingham New Street, Coventry, Manchester Piccadilly and Glasgow Central.

Birmingham International Airport is also close by including the National Exhibition Centre.

The Birmingham Interchange for the proposed new High Speed 2 (HS2) rail network is proposed to be located immediately to the South East of Birmingham Business Park.

DESCRIPTION
Birmingham Business Park extends to over 148 acres and provides low density out of town offices & business accommodation set within mature landscaped grounds. It is currently home to over 100 companies. Major occupiers include Rolls Royce, Fujitsu, Goodyear, West Midlands Police, Atos, EE, IMI, Uniper, GKN, & the British Heart Foundation.

1320 Solihull Parkway comprises a detached 2 storey Headquarters Office Building with double glazed windows including extensively glazed curtain walling under a pitched imitation slate roof.

The subject premises comprise the ground floor left hand suite which is accessed via a large communal entrance foyer with intercom entry. The remainder of the building (i.e. the ground floor right hand suite & all the first floor) is currently occupied by BCA Market Place a UK Listed automotive company who has their own dedicated entrance to the rear.

ACCOMMODATION
We calculate that the ground floor suite extends to approximately 5,574 sq ft (517.85 sq m) based on IPMS 3.

Note: Window reveals have been excluded as these areas have no raised floor (i.e. the floor drops down so is not useable).

We estimate that the suite extends to approximately 5,536 sq ft (514.35 sq m) on a net internal basis.

AMENITIES
The ground floor office suite benefits from the following amenities: -

• Large communal entrance foyer.
• Fully glazed entrance to the suite with curved feature reception area.
• Conference room, folding wall to adjoining meeting room, & various individual fully glazed side offices & rear comms room.
• Raised floors with floor boxes incorporating electric, Cat 6 data / voice connections.
• Suspended ceilings with LED lighting with PIR’s.
• Comfort cooling.
• Double glazed windows including window blinds.
• Large staff / client kitchen / break out area.
• Dedicated enclosed external atrium with decking
• Male & female wc’s.
• Disabled / shower room (currently not DDA compliant but could be reconfigured).
• Intercom entry.
• Externally 26 parking spaces are allocated with the suite which include 2 dual socket AC vehicle charging points over 4 parking spaces

SERVICES
All mains services are understood to be connected.

TERMS
The premises are available via a sub - lease on effectively full repairing and insuring terms until 29th June 2024 or via an alternative arrangement to be agreed.

The existing Tenant anticipates providing vacant possession by January 2020.

QUOTING RENT: £108,695 p.a. exclusive (£19.50 psf).

OUTGOINGS
The premises are currently assessed as offices at a rateable value of £73,500.

Rates Payable - £37,044 (1st April 2019 /20) prior to any transitional relief if applicable.

VAT
All figures indicated are exclusive of VAT.

LEGAL COSTS
Each side will be responsible for their own fees incurred in any transaction.

SERVICE CHARGE
There is a variable service charge payable. The “On Account” Service Charge for 1st July 2019 to 30th June 2020 is currently £26,481.56 p.a. + Vat. (circa £4.75 psf).