The building comprises a two-storey stone built inner terrace property with a nail and eyebrow spa shop and traditional sweet shop together with access to the upper floor residential accommodation (33a).
The shop units have WC facilities.
33 High Street is let for 5 years from 26 February 2023 at a rental of £7,500 per annum. There is a tenant break on 27 February 2025 on 6 months written notice.
33b High Street is let for 6 years from 08 November 2021 at a rental of £7,000 per annum. Notice has been given to vacate on 08 November 2024
To the rear is a two storey structure which currently has garage space on the ground floor and has had residential space above, connected to the main building via a walkway. This accommodation has great redevelopment potential.
The residential accommodation has been vacant for several years and requires refurbishment.
Location
The property is located on the northern side of High Street between Silver Lane and Marshall Street adjacent Well Pharmacy.
Accommodation
33 High Street (Star Nails) - 28.43 sq m (306 sq ft)
33b High Street (Sweet Scoop) - 26.94 sq m (290 sq ft)
33a High Street (residential) - 85.29 sq m (918 sq ft)
Garage - 31.87 sq m (343 sq ft)
Total - 172.53 sq m (1,857 sq ft)
Terms
Services - We are advised the premises benefit from mains electricity, gas, sewer drainage and water. However, no tests have been carried out on any of the services or appliances and therefore we are unable to comment as to their condition or capacity.
EPC’s:
33 High Street – C (69) expires 17 May 2032
33b High Street – C (61) expires 02 October 2033
33a High Street – G (13) expires 02 October 2033
Business Rates - We are advised the premises are assessed by the VOA as follows: -
33 High Street RV £5,800 (previously £6,000)
33b High Street RV £6,500 (previously £6,700)
The National Uniform Business Rate for 2023/24 is 49.9p in the £, ignoring transitional phasing relief and allowances to small businesses. At the moment both assessments are below the threshold of £12,000 and therefore should be rate free to qualifying businesses.
Council Tax - 33a High Street Band B (£1,531)
Price - Offers are invited over £250,000 for the freehold.
VAT - VAT will not be applicable to the sale.
Anti-Money Laundering Regulations - All parties submitting offers must comply with the Anti-Money Laundering Regulations providing proof of identity and source of funds.
Legal Costs - Each party to be responsible for their own legal costs.
Specification
- Investment income of £14,500 per annum
- Centrally located in popular town
- Refurbishment potential of upper floor space & at the rear