Size:

52 sq m / 565 sq ft

Location:

The historic Georgian Pantiles is a pedestrian thoroughfare and tourist destination. It is located at the southern end of the town centre. Retailing in the Pantiles is a mixture of home furnishing, antiques, art galleries and other specialist retail and café users, together with tourist attractions such as the Chalybeate Spring.

11 The Pantiles is located towards the northern end, being in an area with one of the highest levels of footfall.

Description:

The property comprises a lock up shop on ground and basement levels.

The ground floor can provide clear retail space, although the current occupiers have created an office area towards the rear, by way of a stud partition.

There is a WC in the basement, together with a separate kitchenette area.

There is rear access into the unit at basement level from Market Street to the rear.

ACCOMMODATION:

The property has the following approximate dimensions and net useable floor areas :-

Internal frontage 3.74m (12 ft 3 in)

Overall depth 15.6m (51 ft 2 in)

Ground Floor area 52.53m2 (565 sq ft)

Basement area 47.79m2 (514 sq ft)

Rent:

£14,500.00 pa

Tenure:

Leasehold

Terms:

LEASE:

The property is held on an effectively full repairing and insuring lease for a term of 10 years from December 10th 2008.

RENT:

£19,500 per annum exclusive, subject to upwards only rent review after five years.

VAT is applicable.


TERMS:

An assignment of the lease is offered, subject to the assignee paying the assignor’s and freeholder’s legal costs.


RATING ASSESSMENT:

From the Valuation Office Agency web site, the property has a rateable value £10,500. The Uniform Business Rate for 2009/10 for small units is 42.6 pence in the Pound.

Small Business Rate Relief may be available. Interested parties are advised to make their own enquiries of the Local Rating Authority, telephone 01892 526121.


SERVICE CHARGE:

A service charge is payable. Details on application.