GENERAL DESCRIPTION
A ground floor self-contained retail unit forming part of a prime retail development in the town centre. The unit briefly comprises a retail area together with WC with plastered wall surfaces, laminate wood floor coverings and a suspended ceiling. The unit features a secure, electric roller shutter to the front with window frontage onto the busy Castle Walk stretch. Castle Walk is a popular and modern retail development supporting a wide range of national retailers and forms on the principle retail areas within the town. Neighbouring operators include New Look, Greggs and Peacocks. A low rent of £17,500pa is offered for the first year with a stepped rent increase of £1,000pa for the first two years, taking the eventual rent to £19,500pa.
SERVICES
Mains electric, water and drainage are connected. No services have been tested by the agents.
VAT
The rent is subject to VAT.
BUSINESS RATES
Rateable value £14,500
Rates payable £7,235.50pa (24/25)
Note: If you qualify for Small Business Rates Relief you should be entitled to a rate reduction.
ANTI MONEY LAUNDERING REGULATIONS
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
Location
Castle Walk was constructed circa 2005 and comprises a range of retail units which link Ironmarket and Hassell Street and is located in the pedestrianised town centre. There are a wide range of national retailers within the development and New Look next door.
Accommodation
Ground Floor:
Depth - 32’0”
Width - 16’0”
GIA - 512 sq.ft. (53.2 sq.m.)
Kitchen & WC
Net sales area - 545 sq.ft.
Terms
TENURE
Available by way of a new Full Repairing and Insuring lease by way of service charge for a minimum of 3 years and with rent reviews every 3 years and with each party bearing their own legal costs associated with the lease.
Specification
- Ground floor retail unit GIA 512 sq.ft.
- Prime town centre location
- Forming part of a modern retail development
- Very well presented and available on a new lease
- EPC 60 (Band C)