Retail property (high street) to rent

The property comprises an imposing two storey end terraced retail unit complete with attractive clock tower feature, occupying a prominent pitch with glazed frontage to both Pier Avenue and Rosemary Road, as well as a large pedestrianised section directly in front of the unit facing the junction with Jackson Road.

Two sets of glazed double personnel doors provide access to the unit, with a larger retail sales area to the ground floor, with accessible W/C to the rear. A private staircase leads to the first floor which provides ancillary storage space. The first floor can also be accessed via a separate personnel door on the Rosemary Road elevation.

The property is situated in a prime trading location and would suit a variety of uses (subject to planning).

Accommodation
(Approximate Net Internal Area):
Ground Floor Approx. 2,524 sq. ft (234.5 sq. m)
First Floor Approx. 2,340 sq. ft (217.4 sq. m)
Total Approx. 4,864 sq. ft (451.9 sq. m)

Note: Measurements obtained from scaled floor plans, interested parties are advised to obtain their own measurements.

Terms
The premises are available to let as a whole, on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £45,000 per annum. We are advised that VAT is applicable.

Alternatively, the ground floor is available to let at a rent of £35,000 per annum exclusive. Consideration will also be given to splitting the ground floor to suit a tenants requirement, subject to terms and covenant.

Note: the current tenants are holding over - timelines for occupation for new tenants are therefore subject to negotiation.

Planning
We are advised that the premises benefit from longstanding 'A1' (Retail) use, which now falls under Use Class 'E' with effect from 2020. Interested parties are advised to make their own enquiries direct with the local planning authority.

Buildings Insurance & Service Charge
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. The approx. cost for the current year is £1,650 (+ VAT). Tenants are to be responsible for their own contents and other liability insurances.

We are advised that no service charge is applicable.

Business Rates
We have been informed that, effective 1st April 2023, the rateable value is £39,250. We therefore estimate rates payable are likely to be in the region of £19,585 per annum. We recommend all interested parties make their own enquiries direct with the local rating authority to confirm their liabilities.

Energy Performance Certificate
We have been advised that the premises fall within class D (90) of the Energy Performance Assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.

VAT
All rents and prices are exclusive of VAT under the Finance Act 1989. Interested parties are advised to consult their professional advisors as to their liability, if any, in this direction.

Viewings Strictly By Appointment Via Sole Agents:
Fenn Wright
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