Business Summary

SITUATION AND DESCRIPTION

The property is located within the heart of the town center at the top of the pedestrianized section of road. National retailers including Specsavers and Toni & Guy are in the immediate vicinity but the majority of the occupiers are local traders.

The premises comprise a ground floor lock up with ancillary basement stores and offices. The premises currently trade as an opticians that is relocating to new premises.

ACCOMMODATION

Shop Width 13'02" (4.01m)
Shop Depth 30'00" (9.14 m)
Sales Area 357 sq.ft. (33.16 sq.m.) Approx.

Basement Office/ Stores 297 sq.ft. (27.59 sq.m.) Approx.
Meter Cupboard 51 sq.ft. ( 4.74 sq.m.) Approx.

RATEABLE VALUE - £26,250
(previously £24,750)

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

Class A1 retail sales only.

TENURE

The premises are held by way of an existing lease from a term of 10 years from 10th June 2005 at a rental of £26,500 p.a. The user clause is Class A1 retail sales only.

The Landlord’s may consider granting a new lease.

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

Other Business Details