NOW LET - 7 High Street

Description

The property comprises mid terrace, single storey retail premises, which provides entirely open retail accommodation. The property additionally benefits from separately accessed, but private, staff WC to the rear. Located to the rear is a publicly accessed car park in which the tenant will be permitted to park a single specified vehicle as part of this agreement.

Nearby occupiers include Ladbrokes, Sainsburys and a large number of local retailers, license premises and restaurants.

Terms

The premises are offered To Let for a term of years expiring on the 31 December 2023 with an annual break option on the 1 January 2023, on an effective full repairing and insuring basis (tenant remains responsible for windows, doors and their frames) at a rent of £5,000 per annum plus VAT. The property is subject to a Service Charge, currently reflecting £54.31 plus VAT per calendar month, which covers external repairs, site management and maintenance of the communal areas.

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 £4,150 (Source VOA website), although the premises will require reassessment should a change of use take place or the new occupier may be eligible for Small Business Rates Relief but should make contact with North East Lincolnshire Council for confirmation.

ENERGY PERFORMANCE RATING: D (88)