Business Summary

SITUATION AND DESCRIPTION

East Howe Lane is located just off Kinson Road about ½ mile from the main shopping area of Kinson on Wimborne Road.

The property is situated in the middle of a long established retail parade catering for the residential occupiers in the high density housing that surrounds the parade. Other occupiers in the parade include a Launderette, Fish and Chip takeaway, Chinese Takeaway and Off Licence.

The former Methodist Church at the junction of East Howe Lane Kinson Road has now been demolished and a new Co-op convenience store is being built. The entrance to the supermarket car park is immediately in front of the subject property.

The subject premises comprise a ground floor lock up shop with substantial ancillary stores and a large forecourt for either parking or additional displays

ACCOMMODATION

Shop Wdith : 17’00” (5.18m)
Shop Depth : 24’00” (7.31m)
Sales Area : 400 sq.ft. (37.16 sq.m.) approx.
Stores : 11’09” x 10’00” (3.58m x 3.04m)
Stores : 11’09” x 20’04” (3.58m x 6.19m)
Outside WC
Loading from the rear
Forecourt for parking and displays

RATEABLE VALUE - £3,850 (previously £3,100)

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
Class A2 office use considered
Planning consent for a change of use to a mixed café / takeaway (Class A3/A5) use was granted 9th May 2013.
Ref. No. 7-2013-2142-P. Trading hours are 7.00am to 11pm.

TENURE

The premises are available on a new lease with terms to be negotiated at a rental of £6,500 p.a.

Alternatively a new tenancy agreement for a term up to three years, prepared by Ellis and Partners is available. The incoming tenant will be expected to pay an administration fee of £300 plus VAT for the preparation of the tenancy agreement.

A 3 month rent deposit is required for any letting.

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

THE MARKETING OF THESE PREMISES IS BEING UNDERTAKEN IN ORDER TO MITIGATE THE LOSSES OF THE LANDLORD AND THOSE 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 EQUIPMENT WITHIN THESE PREMIES ARE PROPERTY OF THE LANDLORD AND NO PERSON OTHER THAN THE LANDLORD HAS THE RIGHT TO REMOVE ANY ITEM.

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