Retail premises for sale

The premises occupies an excellent location on the High Street which is a popular and busy location surrounded by many multiple retailers. The property is Grade II Listed

Ground floor shop comprising:
Frontage 10.82 m (35’6”)
Average Internal Width 10.37m (34’0”)
Shop depth 25m (82’0”)
Build Depth 30.3m (99’6”)
Ground floor sales approx 285.6 sq m (3075 sq ft)
Ground floor offices approx 21.4 sq m (230 sq ft)

Please note :Every effort has been made to ensure that the above floor areas are accurate. They are in accordance with the Code of Measuring Practice. Fittings restricted measurement at the time of inspection. Interested parties should verify these for themselves.

Tenure

Freehold, subject to a long lease on the upper floors with vacant possession on the ground floor.

Upper floors

All of the upper floors and the rear garden were let on a lease for 999 years from 7th April 2016 at a peppercorn rent. They were converted to residential use. The lease is effectively a full repairing lease with the freeholders only being responsible for the ground floor. Further details on application.

Price

Offers in the region of £900,000 are invited for the freehold interest with vacant possession on the ground floor and subject to a long lease on the upper floors.

Rateable value

£81,000 from 1st April 2023.

Please note: We believe that for certain tenants there may be no liability to pay rates, however this office gives no warranty that the rating values supplied and the sums of money expressed as being payable are accurate and the purchaser/tenant must rely upon their own enquiries with the local authority on or

Legal costs

Each party will be responsible for their own legal costs in the transaction.

The sale is subject to VAT.

Viewing

Strictly by appointment with Tim Cox Associates.