Flexible triple retail premises with extensive display frontage
Accommodation extending to approximately 127.7 sq m (1,375 sq ft) overall
Comprising an open plan sales area with ancillary rooms
Parking for 2 vehicles in car park to the rear
Benefitting from high levels of passing traffic
Rent £12,250 per annum (plus Service Charge and VAT)
The property comprises end-terrace, single storey retail premises, which have the potential to provide entirely open-plan retail accommodation (save for structural columns), but currently houses kitchen and store room areas, with integral staff WC facilities to the rear. Located to the rear of the property is a publicly accessed car park, in which the Tenant will be permitted to park two specified vehicles as part of this agreement.
Nearby occupiers include KFC, William Hill and Ladbrokes, in addition to a large number of local retailers, licenced premises, restaurants and service providers.
In more detail the accommodation comprises
Retail (inc. Porch) 97.4 sq m ( 1,049 sq ft)
Ancillary 30.3 sq m ( 326 sq ft)
The premises are offered To Let for a term of years expiring on the 31 December 2023, with annual break options on the 1 January each year and a rent review on the 1 January 2022, on an effective full repairing and insuring basis (tenant remains responsible for windows, doors and their frames) at a rent of £12,250 (plus VAT) per annum. The property is subject to a Service Charge, currently reflecting approximately £150 (plus VAT) per calendar month, which covers external repairs, site management and maintenance of communal areas.
The new occupier will be responsible for the payment of Business Rates at the property. The premises are listed within the Rating List as ‘Shop & Premises’ with a Rateable Value of £9,900 (Source: VOA website), although the premises will require reassessment should a change of use take place. The new occupier may be eligible for an element of Small Business Rates Relief but should make contact with North East Lincolnshire Council for confirmation.
The ingoing Tenant will be responsible for all parties reasonable legal fees incurred in this transaction, together with any Stamp Duty Land Tax that may be payable.
ENERGY PERFORMANCE RATING: E (124)
FURTHER INFORMATION AND TO VIEW
Contact: Andrew Parker firstname.lastname@example.org 07525 813963 or Lawrence Brown email@example.com 07710 312712