Office to rent

The Lumentum Offices are located on Westfield Business Park on the outskirts of Paignton, in the growing commercial and industrial area. The location is favoured with its links to the A380, which connects to Torquay, Newton Abbot, Exeter and the M5 Beyond. Other occupiers in the area include South Devon College, The Range, Sagetech, Nissha and The Gym Group. The Lumentum offices and laboratory are available on a flexible sublease basis, either separately, or as one. The ground floor laboratory is approximately 340m² and is fitted to a high spec. The first-floor offices are approximately 790m² with a mixture of open office accommodation, meeting rooms, partitioned private offices and an open plan kitchenette/ refreshments station. The building is accessed via a fob entry system into a communal lobby with stairs to the first floor and a disabled access lift. On the ground floor are male, female, disabled access toilet/shower rooms and a staff cafeteria. At first floor level is further male and female toilets. The building is shared with Lumentum and common areas, such as the staff cafeteria and bathroom facilities will be shared between Lumentum and any tenant. Outside is private parking with space for 80 vehicles, with an exact number to be allocated on agreement.

APPROX NET INTERNAL AREAS

GROUND LABORATORY
340m² (3,659 sq ft).

FIRST FLOOR OFFICES
790m² (8,503 sq ft).

AVAILABLITIY
The areas are available either separately or together. Parties with smaller space requirements are encouraged to speak to the Agents about potential availability in the building.

LEASE TERMS
Available by way of a new Internal Repairing and Insuring sublease, exact terms and length to be agreed by negotiation.

RENTS
Ground floor laboratory £24,000 per annum. First floor office £70,000 per annum. Combined £94,000 per annum.

VAT
VAT status to be confirmed.

BUSINESS RATES
The property is currently listed as a whole under one Rateable Value. However, Rateable Values are all based upon £85 per m². Tenants will be responsible for their share of the rates payable, with the amount dependant on the amount of space they take. NOTE: Rateable Values are not Rates Payable. Interested parties are advised to make their own enquiries with Bettesworths for further information as to likely Rates Payable.

LEGAL COSTS
Each party are to bear their own legal costs incurred in any transaction.

EPC AWAITED

VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.