Business Summary

SITUATION AND DESCRIPTION

The property occupies a busy trading position at the upper end of the High Street opposite one of the entrances to the Chantry Center and close to branches of major traders.

ACCOMMODATION

Main Sales area:
Width: 23’03” 7.10 m
Depth: 23’00” 7.01 m
Overall retail area: 426.1 sq.ft. 39.60 sq.m.

Kitchen / store: 62.73 sq.ft. 5.83 sq.m.

Rear Access / loading via Black Swan Yard

One parking space

RATEABLE VALUE - £14,750

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

A1 retail

TENURE

Anew lease is available for a term of 10 years at a commencing rent of £16,750 per annum on effective FRI terms with 5 yearly reviews.

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 £250 plus VAT for the preparation of the tenancy agreement.

LEGAL FEES

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

NB: An interest is declared under the Estate Agents Act 1979.

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

Other Business Details