Property

The property is situated on King Street, on the entrance to Sir Simons Arcade. A ground floor only unit within a three storey grade II listed building. Boasting a prominent corner position with frontage to King Street and return frontage to the arcade. Other occupiers in the immediate vicinity include high quality independent traders and in addition to this the property is immediately opposite the Primark store and Market Gate shopping centre.

The premises may be best suited to office or retail, other business types will be considered.

Approximately 500sq ft.

Accommodation:
Ground Floor retail unit
Kitchenette and Staff W.C. facilities to the rear of the shop
Store Room

A commencing rental of £1083.33 per calendar month / £13,000 per annum exclusive of rates and service charge.

All Landlord's reasonable legal costs incurred in the preparation of the lease are to be borne by the ingoing Tenant

Applicants are advised to make their own enquiries of the local rating authority
N.B. Under the current business rate regime, it is likely that a qualifying occupier of the subject property would benefit from small business rate relief, meaning that zero rates would be payable. Further details available from Lancaster City Council.

Mains water, electricity and drainage are all connected to the property.

The premises are available by way of a new lease for a term to be negotiated, subject to three-yearly, upward only rent reviews, on a full repairing and insuring basis.

A deposit will be required to be paid by the ingoing Tenant on. The deposit will be equivalent to one quarter's rent.