Business Summary

SITUATION AND DESCRIPTION

The property is located in the middle of a well establish parade shops that caters for the affluent residential area of Southbourne. Southbourne Grove has a broad mixture of national and local traders as well as several of the leading banks and building societies. Occupiers include Boots the Chemists, Sainsbury Local, Costa Coffee, Barclays Bank and HSBC Bank.

The subject premises, which adjoin Barclays Bank, comprise a ground floor lock up shop with a basement for storage.

ACCOMMODATION

Shop Width :19’00” (5.80m)
Shop Depth :26’03” (8.00m)

Sales Area :420 sq.ft. (39 sq.m.)

Cloakroom
Access to basement storage

RATEABLE VALUE - £9,300 (previously £6,100)

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

TENURE

The premises are available on a new lease with terms to be negotiated at a rental of £13,500 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 £250 plus VAT for the preparation of the tenancy agreement.

NOTICE

An interest in the property is declared in accordance with 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