Flexible retail unit in close proximity to the Seafront
Accommodation extending to approximately 46.4 sq m (498 sq ft) overall
Comprising open-plan retailing area with store and kitchen
Large display windows with security bars
Includes parking for a specified vehicle in the car park to the rear
The property comprises end-terrace, single storey retail premises, which have the potential to provide flexible open-plan retail accommodation, but are currently split to provide ancillary stores with a small kitchen area to the rear. An externally accessed, but private, WC is located in the courtyard area, shared with the neighbouring occupiers, to the rear. To the rear of the property is a reasonably sized public car park, which will permit a single specified vehicle to be parked within it as part of this agreement.
Nearby occupiers include JD Wetherspoon, Barclays Bank, 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 31.3 sq m ( 337 sq ft)
Ancillary 15.1 sq m ( 161 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 £5,200 (plus VAT) per annum. The property is subject to a Service Charge, currently reflecting approximately £50 (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 £4,300 (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: Awaiting Confirmation
FURTHER INFORMATION AND TO VIEW
Contact: Andrew Parker email@example.com 07525 813963 or Lawrence Brown firstname.lastname@example.org 07710 312712