The subjects comprise a ground floor shop unit
Location
The subjects occupy a good trading location within the pedestrian area to the east of the Callendar Square shopping centre, which accommodates the B.H.S. department store and Xercise4less gym. The position also benefits from a good pedestrian flow from the bus station situated opposite, and to the B&M Store to the west. A Town Centre Management survey showed that 48.6% of shoppers arrived into town by bus. The town has a resident population of approximately 40,000 persons with a total catchment in the order of 150,000.
Accommodation
Approximately 310 sq. ft.(excluding toilet area).
Terms
Lease:
The property is to be let on a full repairing and insuring lease with three yearly rent reviews.
The normal rent for these units is £9,000 pa. However, this is now on a discounted rent of £160.00 per week.
Deposit:
A deposit equivalent to one quarters rent is required.
V.A.T.:
V.A.T. is not chargeable on the rent, saving nearly £2,000.
Rateable Value:
We are verbally advised by the local Assessors Department of the following.
Rateable Value: £7,800 (to be confirmed)
Properties below £8,000 no longer pay rates.
It is likely to be eligible for the Business Bonus Scheme, saving a further £4,000 (approx) on rates.
There are exceptions to this rule, regarding multiple properties and we leave the tenant to satisfy themselves as to how this legislation may effect them.
Legal Costs:
In the usual manner the ingoing tenant will be responsible for the landlords legal costs.
Services:
Electricity and mains water supplies are laid onto the premises; drainage is to main sewer.
Entry:
Upon conclusion of legal formalities.
Specification
- Toilet equipped with extractor fan ventilation, low level W.C. & wash basin, situated at the rear of the shop
- Kitchen area to rear
- Electric roller security shutters
- Suspended ceiling
- Electric heating
- Rear exit door