Key Details

Property Description

The property has its accommodation arranged on two floors.  The ground floor has an aluminium framed display frontage and internally there is a suspended ceiling and the accommodation is generally open plan. There are storage and WC facilities to the rear.

The first floor provides further storage, staff room and toilet facilities.

Location

The property is situated in a prominent position on St James Street in a pedestrianised location. Other retailers in the vicinity including Rhode Island Coffee, Quick Crepes and Barclays Bank.

Accommodation/Site investigation

Ground Floor               119.4 sq.m  1285 sq.ft

First Floor                 75.1 sq.m     809 sq.ft

Basement                      92.5 sq.m    996 sq.ft

GIA                           287.0 sq.m  3,090 sq.ft

Services

The property has the benefit of all mains services.

Services responsibility

It is the prospective purchaser's responsibility to verify that all appliances, services and systems are in working order.

Price/Rent

£230,000  (two hundred and thirty thousand pounds).

The property is let by way of a new internal repairing lease for a 15 year term from 20th October 2021.

Rent Year 1     £15,750 p.a
Year 2     £16,500 p.a
Year 3     £17,000 p.a

The tenant has a break option in year 5 and 10, there are also rent  reviews in years 5 and 10.

The rent commencement date is 20th July 2022.

Legal costs

Each party is to be responsible for their own legal costs incurred.

Additional Information

Tenant
Luxury Leisure (Co No. 02448035)
Incorporated in November 1999, last accounts filed December 2020.

• Location