Riviera Park, Nicholson Road, Torquay £58,000pa

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LOCATION
Torquay is the principal commercial centre of Torbay, located approximately 4.5 Miles south of Newton Abbot, 20 miles South of Exeter and 38 miles East of Plymouth.

Riviera Park, Nicholson Road is a select office development situated adjacent to the Willows and Wren Retail Parks on the outskirts of Torbay. These offices are within walking distance of M&S, Boots, Next, Sainsburys & Mothercare and other office users located here include Cavvana Homes, NHS and the Courts.

Nicholson Road has excellent communications with easy access to the A380 South Devon Link road offering a trunk road link to Newton Abbot and the M5 motorway at Exeter as well as access to Torquay Town centre Paignton and Brixham, the three towns of Torbay.

As well as having excellent road links and public transport both Torquay and Paignton have Main line stations as does Newton Abbot connecting to London Paddington and the rest of the country.

The nearest airport is Exeter International The recently opened Newton Abbot Bypass has reduced commuting times to Exeter to approximately 20—25 minutes. The National Rail Network at Newton Abbot provides regular connections to London Paddington and the remainder of the country.

DESCRIPTION
Unit 3 is a detached modern HQ office building arranged over two floors offering good quality accommodation. The ground floor suite is accessed directly of the main reception atrium with a feature staircase and lift to the first floor.

The specification includes - Suspended ceilings, raised access floors and air conditioning units to the upper level.
The accommodation is mainly open plan although the ground floor has two compartmented meeting rooms.
Each floor provides 186.6m2 (2008.54 sqft) of work space and has a welfare facility as well as communal male + female WC accommodation.

The building also has communal disabled WC accommodation

Total area 373.2m2 (4016sqft)

Outside the property has the benefit of a private carpark for 16 cars

ACCOMMODATION
Proposal
Offers are invited for either an assignment of the whole or consideration may be given to a sublet of Individual floors or indeed a sublet of the whole at rents to be agreed.

NB. It would be requirement of any sublet that any sublease would be contacted outside the rights of renewal contained in the Landlord and Tenant Act 1954 part 2.

Money Laundering and other information required.

All prospective tenants will have to provide information to satisfy current legislation and this will obviously vary according to applicant’s status.

As a matter, of course the landlords will also require applicants to provide references, trading accounts and other reasonable information to support any application for an assignment.

We will furnish required information as and when an offer to take an assignment has been agreed

SERVICES
We are advised that all main services are connected to the premises and confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.

TERMS
Lease
The current lease is for 15 years from 2009 drawn on effect FRI basis and subject to 5 yearly upward only rent reviews.
Rent £58,000 p.a. exclusive.

OUTGOINGS
Business rates
We are advised by the Valuation Office website that the premises are assessed for rating purposes as follows: - Description: Offices & Premises Rateable Value: £38,500

EPC – C

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in the transaction. However, as a condition of acceptance of an offer to take an assignment ,any prospective assignee will be required to enter into an undertaking to pay our clients reasonable legal costs incurred including any landlords costs should they decide not to proceed with the transaction.

PLANNING
We understand that the accommodation has planning consent for B1 offices but all interested parties should make their own enquiries to the Planning Department of Torbay Council. Tel: 01803 207201 or www.torbay.gov.uk.

VIEWING
Viewing arrangements and for Further information please contact;
Nick Wheeldon MRICS.
or Martin Blacoe or Clare Powlesland BA (Hons.)

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

41 Houndiscombe Road, Plymouth, PL4 6EX

Company No. 08771510 Registered in England and Wales

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