The premises are arranged as a smartly presented ground floor retail shop on a prominent corner position on Pump Corner on the opposite HSBC Waterstones and Costa Coffee. The traditional fully glazed timber shopfront with glazed return and recessed centre door enhance its appeal. The retail area is currently arranged as a coffee shop with laminate floor, air conditioning and ceiling spotlights ancillary store, kitchen and WC plus large basement comprising two/three basement rooms with good head height to the main area which is currently used as staff area/office and stores.
The Landlords will only consider granting a lease to an established business and do not wish the unit to be used as a coffee shop.
Retail area 370 sq ft (34.37 sq m)
Shop depth 27’5” (8.35 sq m)
Basement storage 270 sq ft (25.08 sq m) (approx.)
£17,500 per annum exclusive (headline rent) with stepped incentive as follows: Year 1 £15,500, Year 2 £16,500 and Year 3 £17,500.
We are advised that the premises is not elected for VAT at present.
A new lease to be granted for a term and rent review pattern to be agreed on an equivalent full repairing and insuring basis.
Each party are to bear their own legal costs in the transaction.
From internet enquiries only the business rate assessment is as follows:
Rateable Value £12,750
Uniform Business Rates £0.504 (April 2019 – March 2020)
Interested parties should verify this information and any transitional adjustments prior to entering into any contract.
An EPC is available for this property. It has been rated E (119). A full copy of the EPC is available upon request.
Strictly by appointment with the Landlord’s Sole Agents Robinsons with Martin-Brown, telephone 01306 884685.