Business Summary

SITUATION AND DESCRIPTION

The premises are located in an established secondary trading position on the fringes of the town centre. The property overlooks the library development which now has a large pedestrianized square in front of it. Occupiers in the immediate vicinity are wide ranging from the likes of Starbucks and KFC to local specialist retailers and office users and catering establishments. The subject premises currently trades under Local Authority Licence as a sex hop.

The accommodation comprises a single fronted lock up shop partitioned out with slat walling and a partitioned reception lobby immediately behind the front door. At the rear of the premises is a stores, kitchenette and WC

ACCOMMODATION

Width : 17’09” (5.40m)
Depth : 50’00” (15.23m)
Sales Area : 825 sq.ft. (76.64 sq.m.)
Ancillary stores, Kitchenette
and WC : 192 sq.ft. (17.83 sq.m.) approx..

RATEABLE VALUE - £14,000
(previously £14,000)

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

Attentively uses would be considered but any change of use would be subject to the landlords consent being obtained

LICENSING

The current tenants hold a Local Authority licence for a sex shop which is available to acquire if required by any interested parties

TENURE

The premises are held by way of a 5 year lease from September 2010 at a rental of £14,000 p.a.

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