The property is situated in Monmouth Street, close to the junction with Westgate Street. Within the immediate vicinity is a mixture of independent and national retailers, including Sainsburys (Convenience Store) and Ryman. The property comprises a ground floor lock up shop, with WC and kitchenette to the rear.
In accordance with the RICS Code of Measuring Practice (Sixth Edition) the property has the following approximate floor areas:
Sales: 53.60 sq m (577 sq ft)
All measurements are approximate and measured in accordance with the relevant RICS Code of Measuring Practice.
The property will be offered on a new lease without premium. This will be on an effective full repairing and insuring basis, in the Council’s standard form of lease, terms to be agreed.
Permission for a change of use from A1 to A3 was granted under reference 16/00342/FUL subject to an un-discharged condition relating to ventilation/extraction.
We are seeking offers in the region of £24,000 per annum exclusive plus a service charge of £1,000 per annum exclusive of VAT.
As at 1st April 2010, the rateable value is £22,750 per annum.
The current multiplier is 49.7 pence in the £.
Interested parties are recommended to make their own enquiries with the Rating Department – Tel: 01225 477000.
Each party to bear their own legal costs.
Viewing & Further Information
Strictly by prior appointment with Mark Tilley: 01225 477975 or Gabrielle Crump: 01225 396159
SUBJECT TO CONTRACT