Business Summary

SITUATION AND DESCRIPTION

The subject premises are located at the top of Castle Street at the mini roundabout junction of Church Street and High Street and immediately opposite Lloyds TSB bank. The High Street is the prime retail trading area of the town with a mixture of local and national occupiers whilst Castle Street and Church Street are secondary trading pitches occupied by predominantly local tenants. The premises are next door to Silverbox Jewellers.

1 Castle Street comprises a single fronted lock up shop with an angled shop recessed entrance. The accommodation is arranged as a main sales area with a rear sales area divided by a structural wall. Leading from the rear sales area there is a stockroom with kitchenette and cloakroom

ACCOMMODATION

Shop Frontage : 8’10” (2.69m)
Internal Width : 12’08” (3.86m) max.
Shop Depth : 15’00” (4.57m)
Rear Sales Area: 9’06”x7’06” (2.89mx2.28m)
Total Sales Area: 262 sq.ft. (24.33 sq.m.) approx.
Stockroom : 12’06”x12’00” (3.81m x 3.65m)
Including kitchenette and cloakroom
Changing room 6’03” x 4’00” (1.90m x 1.21m)

RATEABLE VALUE -£5,900 (previously £4,650)

With effect from 1st October 2010 to 1st April 2015 premises with rateable values below £6,000 will receive 100% small business rate relief (No rates paid)

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

PLANNING

Class A1 retail sales only

TENURE

Available on a new lease with terms to be negotiated a rental of £9,750 p.a.

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

THE MARKETING OF THESE PREMISES IS BEING UNDERTAKEN IN ORDER TO MITIGATE THE LOSSES OF THE LANDLORD AND TOSE OF THE LESSEES WITHOUT PREJUDICE TO THE RIGHTS OF THE LANDLORD IN RESPECT OF ARREARS OF RENT, CURRENT AND FUTURE RENTS AND OTHER OBLIGATIONS OF THE LESSEES. THE LANDLORD HAS NOT TAKEN POSSESSION NOR FORFEITED THE LEASE WHICH REMAINS VESTED IN THE LESSEES. THE KEYS ARE HELD BY ELLIS AND PARTNERS.

ALL FIXTURES AND FITTINGS AND EQUIPMNET WITHIN THESE PREMISES ARE THE PROPERTY OF THE LANDLORD AND NO PERSON OTHER THAN THE LANDLORD HAS THE RIGHT TO REMOVE ANY ITEM.

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