Highly prominent retail premises
Extending to approximately 99.1 sq m (1,067 sq ft) overall
Comprising retail and ancillary accomodation to the ground floor
Two bedroom flat on the first floor
Nearby occupiers include Cottingham Pharmacy, Co-op, and a number of local retailers
The property comprises a detached, two storey mixed use retail and residential premises dating from circa 1960. Internally, the property comprises a ground floor retail area to the front with WC, kitchen, and store/treatment room to the rear. The first floor comprises kitchen, lounge, two bedrooms and wet room.
|Ground Floor Retail
||42.8 sq m
||(461 sq ft)
|Ground Floor Ancillary
||13.2 sq m
||(142 sq ft)
|First Floor Residential
||43.1 sq m
||(464 sq ft)
The premises are offered ‘To Let’ via a lease assignment for a term of 6 years from 1 Jan 2020 at a rent of £14,000 per annum for years 1-3 and £15,000 per annum for years 3-6 to be paid quarterly. There is no break option or rent review within the lease.
The new occupier will be responsible for the payment of Business Rates at the property. The premises are listed within the Rating List as ‘Hairdressing Salon & Premises’ with a Rateable Value of £6,000 (Source VOA website), although the premises will require reassessment should a change of use take place / the new occupier may be eligible for Small Business Rates Relief but should make contact with North East Lincolnshire Council for confirmation.
We have inspected the DirectGov website and find that the first floor flat has a Council Tax band of ‘A’ costing £1,575.89 per annum as at the 2021-2022 rate.
ENERGY PERFORMANCE RATING: Awaiting Confirmation