Fourth Floor Cobourg House Mayflower Street

The property comprises of a popular office building which is arranged over ground and four upper floors. The building is in excellent condition with the communal areas and toilets having been refurbished within the last 5 years. There is a communal ground floor entrance to the property with 2 lifts providing access to all the floors. There is parking to the rear of the property, and a rear entrance directly from the parking area. Parking is available by way of a separate licence. The property also benefits from a concierge who is on site during normal office hours.

The suite is located on the third floor . The space comprises of a larger office space with meeting rooms. Toilets are communal and located in the main lobby on each floor.

Cobourg House is located in the centre of Plymouth in a recognised office location. The Drake Circus shopping centre and Plymouth University are in close proximity. The office is a short walk from Plymouth railway station with main bus routes passing close by. There are also various public car parks located nearby.

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net internal basis.
Total - 186.4 sq m / 2,006 sq ft

A service charge is levied for the upkeep and maintenance of the communal and external areas of the property. Further details are available upon request.

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is ££20,250, therefore making the approximate Rates Payable £10,105 per annum for 2024/25.

Occupiers may be eligible for Small Business Rates Relief if this is the only property they occupy and/or any other properties they occupy have a rateable value of less than £2,900 each.
Qualifying ratepayers will pay no rates on properties with rateable values up to £12,000 with a tapered relief of between 100% and 0% for properties with rateable values between £12,001 and £15,000.

It is understood that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

The Tenant is to be responsible for £800 + VAT towards the Landlord's legal costs.

We understand that the property has not been elected for VAT and therefore will not be chargeable.