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£15,000
Per annum
SOA
Space

Prominent Ground Floor Retail Unit of c. 1,012 sq ft (By way of Assignment / Sub-Lease)

The subject is located on Church Street, on the junction of Meetinghouse Lane and Wellington Court, and in close proximity to Church Street 'pay and display' car park.

The subject is fitted to a good standard throughout to include carpeted flooring, painted / plastered walls, suspended ceilings, recessed LED lighting, slotted walls, electric heaters, glazed aluminium shop front and electric roller shutter.

Neighbouring occupiers include Savers, Barnardos, McKillens, Wallace's, Franklins and Mortgage Connect Financial Services.

The property would be suitable for a wide variety of uses subject to any necessary planning / statutory consents.

Accommodation

The subject extends to c. 1,012 sq ft (94 sq m). See brochure for further details.

Lease Details

The property is held on a 10 year FRI lease from 1 March 2012 at a passing rent of £15,000 per annum excluding VAT.

NAV / Capital Value

We are advised by the Land and Property Services that the current NAV for the subject is £11,500. The commercial rate in the pound for 2018 / 2019 is £0.628724.

Note: LPS Small Business Rate Relief for premises with a NAV of more than £5,000 but less than £15,000 is 20%.

VAT

All prices, outgoings etc are exclusive of, but may be subject to VAT.

Listed Features

  • General Retail
  • No FRI Lease
  • Carpeted
  • Heating
  • Parking
  • Security Shutters
  • Suspended Ceilings
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Property Marketed By
O'Connor Kennedy Turtle