SummaryRare Oxford D1 Educational lease available on an assignment or sub-lease basis
DescriptionTrajan House is a three storey building of steel frame and brick construction. The property benefits from double glazed wall panels and large windows offering excellent natural light. The property was developed in 2007 and provides modern educational accommodation in good decorative order. The specification includes carpeted raised floors, suspended ceilings with recessed lighting, wall mounted central heating and air conditioning in the exam hall.
AccommodationTrajan House has been subdivided into classrooms, a library/study area, computer rooms, reception, cafeteria, staff room, staff offices and various specialist rooms including a dark room, editing suite, film studio and print room (which can be easily converted to other uses). The building is fitted with under floor and perimeter trunking. Each floor provides two blocks of male, female and staff WCs. There is a large car park with 32 car spaces including 1 disabled bay.
The property provides the following approximate net internal areas (NIA):
GF - 786.25 sq mtrs - 8,463 sq ft
FF - 786.25 sq mtrs - 8,463 sq ft
SF - 518.10 sq mtrs - 5,577 sq ft
LocationThe historic city of Oxford is an affluent centre in the south east and home to the world-renowned University of Oxford. Known as the 'city of dreaming spires' and strategically positioned to the west of the M40, northwest of central London, north of Reading and southeast of Birmingham, it benefits from excellent communication links both by road and rail.
With regular direct rail services from Oxford to London Paddington and London Marylebone the fastest journey time is 55 minutes and direct to Birmingham New Street in 65 minutes (fastest journey). Oxford is also well served by bus links to and from central London.
Trajan House is situated on Mill Street a 5 minute walk from Oxford station and a 10-12 minute walk to the west of the city centre. The property is readily accessible via car, train, bus and bicycle.
Terms / leaseLeasehold available by way of an assignment or sub-lease.
It is possible to take a sub-lease of the whole or of individual floors (rent to be agreed on a pro rata basis). Any sub-lease would be excluded from the provisions of s.24-28 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.
Legal costsEach party to be responsible for their own legal costs incurred in the transaction.
Rental agreement£612,908 pa
VATPrices outgoings and rentals are quoted exclusive of but may be liable to VAT.
Energy Performance CertificateB34
ServicesBidwells have not tested any of the available services and interested parties are advised to make their own enquiries as to their condition.
D1 Non Residential Institutions