Spacious retail unit in Stonegate Shopping Centre in Newtownards
Served by ample customer parking
ACCOMMODATION Retail area with store/prep area plus WC. The shop is provided with equipment such as refrigerators and wok burners. The equipment is provided as seen and no warranty is provided as to its continued functionality.
Front of Shop 44.48 m² (478 ft²) approx
Store/preparation area 7.99 m² (86sq ft²) approx
TOTAL: 52.47 m2 ( 564 ft²)
TERM Five years or longer by negotiation
RENT £10,000 per annum plus VAT plus rates
RATES Online enquiries with Land and Property Services confirm that the NAV of the property is as follows; Shop store: £7,150 The rate in the £ 2018/2019 is 0.557373Rates payable based on the above figures would be £3,985.22 approximately. A 20% discount is available on the above figure for the 2018/2019 tax year under the SmallBusiness Rates Relief Scheme. The annual rates payable with the benefit of the reduction up to 31st March 2019 are approximately £3,188.18
VAT Shall be charged on rent and outgoings
REPAIRS The tenant will be responsible for all repairs.
INSURANCE Tenant responsible for repayment of their share of building insurance premium. Current cost of insurance for 2018/2019 is approximately £600 inc VAT but it expected amount will depend on the usage.
SERVICE CHARGE Service charge covers share of the cost of maintaining carpark and common parts of the shopping centre. The landlord is prepared to offer a fixed rate service charge of £500 per annum plus VAT.
VIEWING Strictly by appointment with Macfarlane & Smyth. For further details please contact Andrew Smyth or David Smyth.