The subject property comprises an end terrace building incorporating a ground floor commercial unit with rear service area which is accessed via Ethel Street and a vacant garage to the rear.
The unit has been utilised as an estate agency office and incorporates carpet floor covering, air conditioning, suspended ceiling with recessed lighting, a kitchenette, rear office and staff W.C.
We have been advised by Land and Property Services of the following:
Net Annual Value: £11,100
Rate in the Pound 2019/2020: 0.614135
Estimated Rates Payable: £6,815 p.a.
The property should benefit from the Small Business Rates Relief Scheme, which would provide an occupier with a 20% reduction in rates payable.
However; we recommend that you verify this with Land & Property Services.
D78. A copy of the EPC is available upon request.
Rent: Passing rent of £16,000 per annum exclusive.
Term: 5 years from 10th April 2016 expiring on 9th April 2021
Repairs: Effective FRI
The lease provides that the tenant pays a fair proportion of the insurance. The most recent premium was £350 per annum.
A copy of the lease is available on request.
ACCOMMODATION (All areas are approximate)
The Net Internal Area (NIA) of the subject premises is:
Retail Unit 42.87 sqm 461 sq ft
Office 2.51 sq m 135 sq ft
Kitchen 3.11 sqm 33 sq ft
Total Area c. 629 sq.ft
All prices, outgoings etc are exclusive of, but may be subject to VAT.
For more information or to arrange a viewing please contact:
7-11 Linenhall Street
028 9531 3122
Property Ref: RM0046
Riddell McKibbin Limited for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of Riddell McKibbin Limited or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) Riddell McKibbin Limited cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of Riddell McKibbin Limited has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) Riddell McKibbin Limited will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.