Overview
The Premises comprise a mid terrace property which in recent years has traded as a Beauty Salon. The Shop consists of main Retail Area and has a rear Storage Area and separate WC and Kitchenette.
The Landlord is currently replacing the broken glass on the Shop Front and removing the External Shutter and partitioning within the main Retail Area to create open space once again.
Size
Amenities
Location
The Property is situated in South Street in an area known locally as ‘Little Chelsea’ where there are a number of niche retailers and local businesses. The town’s Beacon Shopping Centre and Mainline Railway Station are a few hundred yards to the north.
Rent
The commencing rent to be £9,000 per annum including Service Charge but exclusive of Rates and other outgoings.
Business Rates
According to the Valuation Office website, the premises have the following assessment.
Shop and Premises: £7,800
100% Small Business Rates Relief may be available, subject to the status of the Tenant. It is advised that you contact the Local Rating Authority for confirmation of the actual amount payable.
VAT Details
VAT is not applicable to the Rental
Legal
Each party is to be responsible for their own legal fees
Terms
A new effective Full Repairing and Insuring Lease to be granted for a term to be negotiated with periodic Rent Reviews.
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