The premises are an end of terrace unit and is arranged on the ground floor giving a total clear space of approximately 726 sq ft to include a small kitchenette and toilet.
The premises are situated in South Street, close to the War Memorial roundabout which leads to Cornfield Road, and then into the main shopping thoroughfare of Terminus Road. The mainline railway station is within a short, level walk.
The premises are in a good decorative order, with wood flooring throughout and positioned in an excellent trading location.
At present the property is held on a 5 year effective full pairing and insuring lease from April 2015 with the current passing rent being £11,500 per annum. Due to the shortness of this lease, the landlord is prepared to offer a new lease at revised terms, details upon application.
According to the Valuation Office website the premises are described as:
Shop and premises
Rateable Value: £10,750
Payable for the year ending 31st March 2020 - £5,278.25
100% small business relief available, subject to the status of the tenant. It is advised that you contact the Local Rating Authority for confirmation of the actual amount payable.
VAT may be chargeable on the terms quoted.
The premises are currently D1 class use.
Area Sq ft Sq m
Shop 726 67.44
For further information, email details or to arrange an inspection, please contact agents:
Simon Hunt Mike Tingley
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Subject to contract sh/hc/04/19