RETAIL TO LET
Transcription
RETAIL TO LET
RETAIL TO LET 8 Brentgovel Street Bury St Edmunds IP33 1EB Prominent retail unit in town centre location Two retail floors May suit alternative uses (STP) Corner position with return frontage 325.7m 2 (3,505ft 2 ) (NIA) Rear delivery access £40,000pax Voted by Estates Gazette ‘Most Active Regional Agent in Cambridgeshire’ LOCATION RATES Bury St Edmunds is an affluent market town located in the heart of west Suffolk and benefits from a buoyant retail centre and tourist trade. Markets are held on Wednesdays and Saturdays and the town has a catchment shopping population of 251,000 people (source: Promis). The property is located in Brentgovel Street in Bury St Edmunds, close to the prime retail areas. Other neighbouring retailers include Boots Opticians, Sports Direct, Greggs and Greenwoods Menswear. Brentgovel Street is a thoroughfare from Risbygate Street and St Johns Street to the Buttermarket, McDonalds restaurant and Marks & Spencer. From enquiries made of the Valuation Office Website the property has a Rateable Value of £52,500 (2010 Assessment). DESCRIPTION The property provides substantial retail accommodation and is arranged over two sales floors, with ancillary storage and WC’s. The property has a return frontage onto Short Brackland, with delivery loading access to the rear of the property. Internally the space is predominantly open plan with an attractive period timber frame visible. The property has been used as a fabric shop and discount book store but may lend itself to alternative uses such as a restaurant or café (STP). ACCOMMODATION m² 159.8 165.9 ft² (1,720) (1,785) Ground Floor First Floor Ladies & Gents WCs ________________________________________ Total (net internal area) 325.7m² (3,505ft²) Areas measured are approximate SERVICES Mains drainage, water, gas and electricity are available to the property. Interested parties are however advised to make their own enquiries of the relevant service providers. LEASE TERMS The premises are available on a new full repairing and insuring lease for a term by negotiation. For the year commencing 1 April 2015 rates are normally charged at 49.3p in the pound on the Rateable Value of £18,000 and over and 48p in the pound on the Rateable Value of £17,999.99 and under. Interested parties are advised to check with the Local Rating Authority as to the amount payable. SERVICE CHARGE A service charge will be levied in respect of a contribution towards the upkeep of common areas and insurance, which equates to 35% of the total annual expenditure. Further details are available from the agents. PLANNING The property has consent for A1 retail use. Interested parties should satisfy themselves as to the suitability of the current planning consent for their proposed use of the premises by contacting the Local Planning Authority. LEGAL COSTS Each party to bear their own legal costs. VIEWING Strictly by appointment with the agents:Barker Storey Matthews Telephone: (01284) 702655 Fax: (01284) 704417 Simon Burton Steven Mudd Contact: [email protected] [email protected] www.bsm.uk.com Ref: 4158/151014 RENT £40,000 per annum, exclusive of VAT, service charge, insurance and all other outgoings. We understand that VAT will be charged on the rent. Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax.