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Prime City centre shop/A3 (cafe/restaurant) premises with excellent trading potential 683 sq ft (63.4 sq m) plus upper parts.
Scope for external seating (subject to consent)
Attractive setting fronting the Market Square
Frontages to Market Square and Butcher Row
The premises are situated in the heart of the City centre fronting the Market Square and with an additional frontage to Butcher Row, both of which are pedestrianised areas. The premises form part of an attractive terrace of properties which for many years have been occupied by a diverse range of eating and drinking establishments and which, in more recent years, have thrived, particularly over the summer months, where the provision of external seating has added to the overall ambience of the location. Other nearby occupiers include Patisserie Valerie (next door), Tiger, The Ox Row Inn, Costa Coffee, Harlees Fish and Chips and Reeve The Baker. Other occupiers to the southern side of Butcher Row include White Stuff, East, Timpson, LOccitane and Goldsmiths.
The premises comprise a modern three storey terraced property providing retail/cafe/restaurant accommodation on the ground floor together with further accommodation on the upper floors. There are pedestrian entrances to both the Market Square and Butcher Row elevations. The ground floor accommodation is currently fitted with a suspended ceiling with inset spot and Cat II lighting and incorporates two Daikin air conditioning units. There are security shutters to both of the glazed shop fronts. The first floor currently provides ample storage/office/ancillary accommodation together with a kitchen and WC. The second floor provides further ancillary accommodation and two more WCs.
Approximate Net Internal Areas
Market Square :- 4.93 m (162)
Butcher Row :- 5.62 m (185)
Overall depth :- 14.0 m (4511)
Retail sales (inc partitioned store) 63.44 sq m (683 sq ft)
Kitchen 23.15 sq m (249 sq ft)
WC - -
Storage 36.8 sq m (396 sq ft)
Storage 43.06 sq m (463 sq ft)
WCs (x2) - -
Total 166.45 sq m (1,791 sq ft)
The premises are available on a new full repairing and insuring lease for a term to be agreed subject to regular upward only rent reviews.
£45,000 per annum
Rent is exclusive of VAT (if applicable), buildings insurance, business rates and all other outgoings.
Rateable Value £40,000
The small business rate multiplier for the year 2017/18 is 46.6 p in the £.
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.
The current use is A1 (retail), however, planning permission has recently been obtained for A3 (cafe/Restaurant use) Ref: 17/07063/FUL.
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.