- Retail unit of 61.5 sq. m (663 sq. ft)
- Prominent location within The Square shopping precinct
- Unit suitable for A1, A2 or A3 planning uses
- Interested parties are invited to discuss user proposals
- Available to let by way of a new lease on FRI terms
- Rent £1500 pcm equating to £18,000 per annum exclusive
- Prominent location and close to car parking facilities
- EPC Rating D : 87
The unit provides a total of 61.5 sq. m (663 sq. ft) with having an open sales area of 51.6 sq. m (663 sq. ft) with ancillary storage at the rear, kitchen and WC accommodation. There is a service yard shared with the adjoining properties situated to the rear of the property.
The unit provides a small unit with frontage to the pedestrianised shopping environment and is very visible to passing traffic through the town centre along Wollaton and Station Roads.
The property is available by way of a new lease on full repairing and insuring terms at a rent of £18,000 per annum exclusive.
The floor plan shows the general arrangement of the unit.
Front Sales area: 51.6 sq.m (555 sq. ft)
Rear store: 6.9 sq. m (74 sq. ft)
Kitchen: 3.2 sq. m (34 sq. ft)
Total: 61.5 sq. m (662 sq. ft)
Front Retail Area 11.35m (37'3) x 4.45m (14'7)
Currently divided by lightweight partitions but capable of being opened up to provide an open retail area.
Rear Storeroom 2.52m (8'3) x 2.72m (8'11)
Store room / ancillary accommodation with door leading to rear service yard.
Kitchen 2.32m (7'7) x 2.36m (7'9)
With sink unit
WC and wash hand basin
We understand that the previous use of the shop allows means that a change of use is permitted to a use falling within the A1, A2, A3 or D2 use categories of the Use Classes Order. This includes retail shops, professional / financial services and restaurants, snack bars and cafes. Interested parties are invited to discuss their proposals for use with the letting agents, CP Walker & Son.
The property is vacant and available to let immediately. The shop is offered to rent on effective full repairing and insuring terms at a rental of £1500 per calendar month. The initial term of the tenancy will be a minimum of 3 years.
Rates and Buildings Insurance
The Rates Payable for 20/21 are estimated at £7,236 (The Rateable Value figures is £14,500).
For businesses that qualify for the small business rates relief, there will be a discount reducing the amount payable to £6.030 approximately.
There are additional temporary reliefs available for businesses in the retail, hospitality and leisure sectors who do not have to pay business rates for the 2020 to 2021 tax year.
The tenant is liable to pay a fair proportion of the buildings insurance premium attributable to the property, estimated at £300 per annum. Note the level of premium will vary according to your proposed use of the property.
Interested parties will need to complete a Commercial Property Application Form obtained from our office.
References will be taken. New businesses will need to provide a business plan for the proposed venture.
Upon approval of references and agreement of lease terms, the incoming tenant will pay a fee of £250 plus VAT as a contribution towards the costs of drawing up the tenancy agreement.
Further Information and Viewings
For more information or to view the property, contact Julie Sumner in our Commercial Property Department on Direct Line: 0115 957 4768 or by email at firstname.lastname@example.org.
Viewing is by prior arrangement.
The EPC Rating is D : 87. An updated Report has been commissioned and any change in rating will be notified prior to letting.
"C.P. Walker and Son has been our managing agent on our property since 2007. Throughout that time we have received excellent service. They have worked consistently in a professional and friendly manner to ensure that all our needs are met and our experience as landlords to be hassle free! They are readily available by telephone and email to answer any questions, and lettings have been smooth transitions. I have no hesitation in recommending them to you. [Management client of 6 years]"