Description

The property is situated in a prominent position at the Eastern section of the High Street close to a number of retail occupiers including Chiltern Mills, The Livery Pub, Heron Frozen Foods and Kidney Research. There is free car parking nearby

ACCOMMODATION

The property provides a retail unit at ground floor The retail unit has a shared rear access to assist with goods loading .
There is a single WC facility. Floor areas are provided as follows:

Ground floor total sales 173.60 sqm (1869 sqft)
Ground floor stores 6.8 sqm (73 sqft)

BUSINESS RATES

The premises are currently entered into the Valuation List with an RV of £14,250 from 1st April 2023. The current Uniform Business Rate is 0.499p in the £ making rates payable £7110.75.
There may be upto a 75% reduction in rates available for qualifying businesses until April 2025. Interested parties should verify this rating information with the local rating authority directly.

TERMS OF OFFER

The premises are available by way of a sublease to expire 10 days prior to our client’s interest which expires 19th August 2029. The current passing rental is £9,000 per annum. The tenant will not have protection at expiry of the lease as any sublease will be granted outside the landlord and Tenant Act 1954 with regards to security of tenure. There is a rent review on 20th August 2024 . The review can not be at a level over 10% of the current rental ie no higher than £9900 per annum plus VAT.

PLANNING

The premises have the benefit of a Class E consent making the property suitable for a wide variety of retail uses subject to landlord’s consent.