Lock-up shop within newly refurbished property. Approx 202 sq ft (18.8 sq m)
Ready for tenants fit-out
Make ideal hair/beauty salon
Close to High Street/Cathedral Close Gate
The premises are situated within approximately 100 yards of the High Street and within a convenient distance of all the Citys amenities. There are also nearby car parks in Cranebridge Road and New Street, the latter being multi-storey. Nearby occupiers include the Old Ale and Coffee House which has recently opened and provides a cosmopolitan gastro pub offering fine wines and craft beers and Prezzo which is situated on corner of Crane Street and the High Street.
The premises comprise a ground floor lock-up shop forming part of a building which has been substantially refurbished, with the remainder of the ground floor and upper parts being converted to provide two high quality flats. The shop accommodation provides an open plan retail area together with a kitchenette and WC to the rear.
Approximate Net Internal Areas (measurements off plan)
Shop frontage - 4.0 m (131)
Shop depth - 4.7 m (155)
Retail sales 17.0 sq m (183 sq ft)
Kitchenette 1.8 sq m (19 sq ft)
Method of Disposal
Purchase:- The premises are available freehold/long leasehold at a price of £130,000
Occupational lease:- Alternatively, the premises are available on a new full repairing and insuring lease for a term to be agreed at a rent of £10,000 per annum.
Rent is exclusive of buildings insurance and all other outgoings.
We are advised that VAT will not be applicable.
Rateable Value - to be assessed.
The small business rate multiplier for the year 2017/18 is 46.6p in the £. However, where the rateable value is £12,000 or less, eligible ratepayers will receive 100% small business rate relief and therefore no rates will be payable.
We understand that mains electricity, water and drainage are connected to the property.
Woolley and Wallis Commercial have not tested the services mentioned in these particulars.
Prospective tenants must satisfy themselves as to the permitted planning uses for the property and also whether VAT is applicable to this transaction.
Both parties reasonable legal costs are to be borne by the ingoing tenant.
Code of Practice
You should be aware that the Code of Practice on commercial leases in England and Wales recommends that you seek professional advice from a qualified Surveyor, Solicitor or Licensed Conveyancer before agreeing or signing a business tenancy agreement. The code is available from professional institutions and trade associations or through the website www.commercialleasecodeew.co.uk.
Financial and accountancy references may be sought from any prospective tenant prior to agreement.