Business Summary

SITUATION AND DESCRIPTION

Albert Road leads directly from PRIME PITCH Old Christchurch Road and other traders in the immediate vicinity include Beales Department Store, River Island, RBS, Jones the Boot Maker, Superdry, Top Shop etc. (Please see trader plan attached).

The premises have a high degree of visibility from prime pitch.

ACCOMMODATION

Originally constructed in the late 1800’s this property has a high level of character, however can be easily converted to create a very open plan trading area as shown on the attached plans. The unit may be split as shown on the plans below or taken as a whole and interest is welcomed on the basis of other configurations.

The upper floors (Approximately 10,000 sq.ft.) are available separately and are currently in office use.

Proposed area:
Area 1: 2,485 sq.ft.
Area 2: 1,130 sq.ft.
Area 3: 1,980 sq.ft.

Additional Basement area
Area 1: 1,345 sq.ft.
Area 2: 947 sq.ft.
Area 3: 700 sq.ft.

RATEABLE VALUE - TBA

U.B.R. 2013/2014: Payable; 46.2% (if eligible for small rate relief), otherwise 47.1%

Interested parties should enquire of the local Rating Authority as to the implications of the phasing arrangements on the amount of rates actually payable. Parties should also make enquiries concerning the implications of the small business allowance

TENURE

A new internal repairing lease is offered on terms to be negotiated.

Provisionally the quoting rents for the areas shown on the below plan area:

Area 1: £57,500
Area 1 & 3: £75,000
Area 2: £18,000

LEGAL FEES

The incoming tenant will be responsible for their own legal fees.

VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

Tel: 01202 551821
Website: www.ellis-partners.co.uk

Property Details

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