SummaryB1 Offices or D1 Educational
DescriptionTrajan House is a modern three storey building developed in 2007 and currently provides educational accommodation which could be converted to suit an office user.
The property has permission for D1 educational use, however the lease permits for an application for change of use to B1 Offices.
Specification includes carpeted raised floors, suspended ceilings with recessed lighting, underfloor and perimeter trunking, 2 x passenger lifts, wall mounted central heating and air conditioning in part.
The demise includes a car park with 32 spaces including 1 disabled bay.
AccommodationThe property provides the following approximate net internal areas (NIA):
Ground Floor - 786.25 sq m - 8,463 sq ft
First Floor - 786.25 sq m - 8,463 sq ft
Second Floor - 518.10 sq m - 5,577 sq ft
Total - 2,090.60 sq m - 22,503 sq ft
The building is offered as a whole or could be split on a floor by floor basis.
LocationTrajan House is located in Oxford City Centre on Mill Street (accessed from the Botley Road - A420).
The property is readily accessible via car - with the Botley Road providing easy access to the A34 via the Botley Interchange, and by public transport with the city centre railway station being a 5-minute walk and a regular bus service running along the Botley Road.
Terms / leaseThe property is offered by way of assignment or sub-lease. A sub-lease(s) is available for a term of years to be agreed expiring no later than June 2017, excluded from the Security of Tenure provisions of the Landlord & Tenant Act 1954.
RatesThe rateable value of the building is £285,000. The business rates payable are calculated to be £136,515 per annum based on the 2017 non-domestic rating multiplier.
Should individual floors be sub-let the business rates payable would be calculated on a pro rata floor area basis.
In the event of multiple sub-leases, a service charge would be required to cover the cost of maintaining the common parts.
Legal costsAll parties to bear their own legal costs.
Rental agreement£612,908 pa full repairing and insuring lease.
VATWe understand the property is elected for VAT.
Energy Performance CertificateThe property has been given an EPC Rating of B34.
ServicesWe have not tested the services and give no warranty as to their condition.
B1(a) Business - Offices
D1 Non Residential Institutions