26a Wellowgate

Description

The property comprises part of the ground floor of a mixed-use retail/residential development. Internally, it has the potential to provide entirely open-plan accommodation, but is currently split to provide a retail area to the front, with ancillary stores, kitchenette and staff facilities to the rear. The property is accessed via a recessed porch, directly abutting Wellowgate and benefits from full-width display with roller shutters, air conditioning and alarm systems.

Neighbouring occupiers are generally commercial in nature, including Willow Estates, Maxwell’s Hair Design and Bridge McFarland solicitors.

Accommodation

Terms

The premises are held on a leasehold basis and offered for sale at a guide price of £70,000. The lease is for a 125 year term, expiring in March 2118, at a passing rent of £50 per annum.

Alternately, the premises are offered To Let for a minimum term of years to be agreed on an effective full repairing and insuring basis at a guide rent of £7,500 per annum.

The new occupier will be responsible for the payment of any Service Charge levied against the property and VAT is applicable to either the sale price or rent.

RATEABLE VALUE

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 £4,650 (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.

ENERGY PERFORMANCE RATING: G (195)