Retail property (high street) to rent
Property description & features
- Ground floor retail unit NIA 514 sq ft
- Prime town centre location
- Forming part of a modern retail development
- EPC: Band C (59)
General Description - A ground floor self-contained retail unit forming part of a prime retail development in the town centre. The unit briefly comprises a retail area together with separate
storeroom, kitchen and WC. The property benefits from plastered wall surfaces, brand new carpet and a suspended ceiling with modern LED lighting. The unit features a secure, electric roller shutter to the front with window frontage onto the busy Castle Walk stretch. Castle Walk is a popular and modern retail development supporting a wide range of national retailers and comprises the principal retail area within the town. Neighbouring operators include New Look, Greggs and Peacocks.
A low rent of £18,500pa is offered for the first year with a small stepped rent increase expected in year two. Unit 3 Castle Walk (next door) is also available and the two could be taken together if required.
Location - Castle Walk was constructed circa 2005 and comprises a range of retail units which link Ironmarket and Hassall Street and is located in the pedestrianised town centre. There are a wide range of national retailers within the development and New Look next door.
Services - Mains electric, water and drainage are connected. No services have been tested by the agents.
Tenure - Available by way of a new Full Repairing and Insuring lease by way of service charge for a minimum of 3 years and with rent reviews every 3 years and with each party bearing their own legal costs associated with the lease.
Business Rates - Rateable value £17,000
Rates payable £8,483pa (24/25)
Note: Retail, hospitality and leisure relief. If you’re eligible, you could get 75% off your business rates bills for the 2024 to 2025 billing year (1 April 2024 to 31 March 2025).
Accommodation - Ground Floor
Sales: 421 sq ft
Storeroom: 65 sq ft
Kitchen: 28 sq ft
WC: --
Total NIA: 514 sq ft
Anti Money Laundering Regulations - In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
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