Attractive ground floor high street shop approx 876 sq ft (81.4 sq m)
| Popular market town
| Building refurbished 2013
| Good trading position
The High Street is the principal shopping location in the heart Shaftesbury town centre. The property is situated between Edinburgh Woollen Mill to the left hand side and WH Smith to the right. Other nearby retailers include Boots, Superdrug and a branch of M&Co.
Shaftesbury is an attractive rural town situated some 10 miles west of Salisbury (via the A30 and approximately 8 miles south of the A303 trunk road providing access to the west country and the M3/London.
The premises were formed following the conversion of the former Crown Inn in 2013 (a Listed Building) and has since traded as an A1 retail shop. The premises provide well presented retail accommodation with many period features including an attractive stone fireplace. From the rear of the retail area there is access to a large kitchen/office/storage area together with a WC. There is carpeting and wooden floorboards, spot lighting, night storage heating, cornicing and there is good natural light to the property.
Approximate Net Internal Areas
Shop width 5.35 m (17'8")
Shop depth 10.44 m (34'3")
Retail sales 61.6 sq m (663 sq ft)
Ancillary (kitchen/store) 19.8 sq m (213 sq ft)
Total 81.4 sq m (876 sq ft)
The shop is currently held on an effectively full repairing and insuring lease for a term of 6 years expiring 31 October 2019 at a passing rent of £18,000 per annum exclusive. The lease is to be assigned, although we understand that the landlord would consider granting a new longer lease, if required, subject to terms.
Rent is exclusive of VAT (if applicable), business rates, buildings insurance and all other outgoings.
Rateable Value £__________
The standard multiplier for the year 2016/17 is 49.7 p in the £. The Small Business Rate multiplier for 2016/17 is 48.4 p in the £. Eligible rate payers on properties with a rateable value of less than £12,000 will also receive a percentage reduction in their rates bill. Where the rateable value does not exceed £6,000 a 100% reduction will apply in the current tax year. This threshold will increase to £12,000 from April 2017.
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.
Planning and VAT:
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.
Energy Performance Certificate:
As the property is Listed it does not require an EPC.