Property description

A well positioned Retail Shop situated on a corner plot with return frontage and close to the riverside.

Situation
The property is well placed with a prominent presence within The Plains and visible from the Fore Street and offering a good footfall of potential customers and visitors, with a good compliment of other shops and attractions within the immediate area. The shop is on the level and because of its position possesses a good catchment from both locals and the large numbers of visitors.

Main Entrance
From The Plains with a good shop front and a side return frontage. The frontage to The Plains extends to 5.652m reducing 2.314m into the shop to 5.049m and again after a further 3.407m the width is reduced to 4.1542m for a further 3.327m. The total shop floor, with the frontage of 5.652m reducing to 4.542 at the rear extends to a total depth of 9.048m.


Leading off the shop is:

Stock Room - 6‘ 4‘‘ x 4‘ 10‘‘ (1.93m x 1.461m)
and to the rear a staff cloakroom with outer area having hand wash basin with Trident over sink heater and a paper towel dispenser.


A door from here leads into: WC: with low level suite and an extractor fan and meters.


The shop is well lit by a series of spotlight rails and at the rear there is a two and half stainless steel sink unit inset to worktops with base and equipment space under.

Services
Mains Electricity, Water and Drainage

Ratable Value
£10,500. This ratable value does make these premises likely candidate for small business rates relief and purchasers may wish to contact the local authority to establish whether they would qualify in this building.

Fixtures and Fittings
Trade fixtures and fittings and equipment can be taken over if required but the business is not being sold and our instructions are to offer the residue of the Lease.

Tenure/Lease
The property is held on a 10 year Lease with a 3 year break clause, the lease commenced from May 2015 and the commencement rent was £12,500 per annum subject to three yearly rent reviews.

General Remarks
The shop is held on a lease which has the benefit of a break clause in 2018 and if this break clause is not exercised the lease will continue for the duration of the 10 years. The great advantage of the break clause is it gives an opportunity for anyone wishing to test a new business idea with the knowledge that they could walk away from the lease in May 2018. The Lease comes under the Landlord and Tenant Act and is renewable at the end of the 10 years if required.

Legal Costs
The purchaser will be asked to pay a contribution towards the landlords legal costs which will be by way of their solicitors undertaking for the payment of such fees before a contract will be released and this undertaking will be enforceable where the prospective tenant chooses not to proceed.

Existing User
The present user has been trading as ‘Yo My Gosh‘, which has been serving cold foods but not preparing food, the planning on this shop would not permit restaurant premises or the peroration of foods but would include a sale of cold drinks and snacks including ice creams or as is current, smoothies.

Property Features :

• Well positioned Retail Shop
• Lease