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Milford House Pynes Hl
4,000 - 6,041 SF of Assignment Available in Exeter EX2 5TH
Assignment Highlights
- High specification, refurbished office building
- Open plan flexible floor plates
- High quality and impressive design over three floors
all available space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
The accommodation is available by way of an assignment of the existing lease dated 30 June 2023 which is for a term of 10 years with an upwards only rent review from 30 June 2028 at a current rent of £52,858.75 per annum until 30 June 2024 increasing yearly as follows: w.e.f 01 July 2024 £108,738.00 ( £18.00 psf ) w.e.f 01 July 2025 £111,758.50 ( £18.50 psf ) w.e.f 01 July 2026 £114,779.00 ( £19.00 psf ) w.e.f 01 July 2027 £117,799.50 ( £19.50 psf ) The base rent with effect from 01 July 2028 will be £120,820 per annum ( £20.00 psf ). There is a tenant only option to break the lease with effect from 30 June 2028.
- Use Class: E
- Fully Built-Out as Standard Office
- Central Air Conditioning
- Elevator Access
- Secure Storage
- Bicycle Storage
- DDA Compliant
- Well configured floor plate with excellent natural
- Two passenger lifts
- Full access raised floors
- Assignment space available from current tenant
- Mostly Open Floor Plan Layout
- Reception Area
- Raised Floor
- Natural Light
- Shower Facilities
- Demised WC facilities
- Anti-glare/LED light fittings
- Recently refurbished external seating / break out
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor | 4,000-6,041 SF | Jun 2033 | $25.41 /SF/YR $2.12 /SF/MO $273.53 /m²/YR $22.79 /m²/MO $12,792 /MO $153,510 /YR | Office | Full Build-Out | Now |
1st Floor
| Size |
| 4,000-6,041 SF |
| Term |
| Jun 2033 |
| Rental Rate |
| $25.41 /SF/YR $2.12 /SF/MO $273.53 /m²/YR $22.79 /m²/MO $12,792 /MO $153,510 /YR |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 4,000-6,041 SF |
| Term | Jun 2033 |
| Rental Rate | $25.41 /SF/YR |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The accommodation is available by way of an assignment of the existing lease dated 30 June 2023 which is for a term of 10 years with an upwards only rent review from 30 June 2028 at a current rent of £52,858.75 per annum until 30 June 2024 increasing yearly as follows: w.e.f 01 July 2024 £108,738.00 ( £18.00 psf ) w.e.f 01 July 2025 £111,758.50 ( £18.50 psf ) w.e.f 01 July 2026 £114,779.00 ( £19.00 psf ) w.e.f 01 July 2027 £117,799.50 ( £19.50 psf ) The base rent with effect from 01 July 2028 will be £120,820 per annum ( £20.00 psf ). There is a tenant only option to break the lease with effect from 30 June 2028.
- Use Class: E
- Assignment space available from current tenant
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Central Air Conditioning
- Reception Area
- Elevator Access
- Raised Floor
- Secure Storage
- Natural Light
- Bicycle Storage
- Shower Facilities
- DDA Compliant
- Demised WC facilities
- Well configured floor plate with excellent natural
- Anti-glare/LED light fittings
- Two passenger lifts
- Recently refurbished external seating / break out
- Full access raised floors
Property Overview
High specification, refurbished building provides accommodation of a high quality and impressive design over three floors. The floorplate provides open plan accommodation with reception break out area offices boardroom and meeting room. Milford House commands a prominent position on the junction of the A3015 Rydon Lane at the gateway to Pynes Hill Business Park,
PROPERTY FACTS
| Min. Divisible | 4,000 SF | Rentable Building Area | 45,296 SF |
| Property Type | Office | Year Built | 2002 |
| Building Class | B |
| Min. Divisible | 4,000 SF |
| Property Type | Office |
| Building Class | B |
| Rentable Building Area | 45,296 SF |
| Year Built | 2002 |
-
Andrew Pearce -
Pearce Property Consultants Limited
Presented by
Milford House | Pynes Hl
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