Business Summary

SITUATION AND DESCRIPTION

The Arcade leads from the prime section of Old Christchurch Road to the high fashion and luxury goods retail area of Gervis Place and Westover Road. The Arcade provides the principal thoroughfare between Westover Road and Old Christchurch Road and, consequently, benefits from a high footfall.

Other occupiers within The Arcade include White Stuff, Space NK, Karen Millen, Waterstones, House of Fraser Roberta Ltd, Kath Kidtson and Charles Fox Jewelers Ltd. Occupiers fronting The Arcade, along Gervis Place and Westover Road include Russell & Bromley, Austin Reed and Robert Old & Co. Please see the plan attached.

The unit comprises of ground and first floor retail areas, with second and basement floors as ancillary space. The unit is generally open plan.

ACCOMMODATION

Ground Floor Sales: 600 sq ft (55.71 sq m)

First Floor Sales: 551 sq ft (50.81 sq m)
First Floor Kitchen: 29 sq ft (2.70 sq m)
Second Floor: 397 sq ft (36.89 sq m)
Basement: 533 sq ft (49.53 sq m)
Sub Basement: 590 sq ft (54.83 sq m)
Total 2615 sq ft (243.03 sq m)
RATEABLE VALUE - £59,500

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

The premises are available on a new lease with terms to be negotiated at a rental of £54,500 per annum (Plus Vat) but exclusive of all other outgoings

LEGAL FEES

Each party is 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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