Retail property (high street) to rent

TO LET - Martin Terrace is a continuation of St Luke's Terrace which is the main shopping area within Pallion serving a densely populated residential area. Nearby occupiers include Gregg's, Domino Pizza, Coral and William Hill amongst others. The property comprises fully fitted gentleman's barbers shop and is of single storey construction having been extended to the rear. The premises would suit a continuation of the current use or alternatively may suit a variety of retail or offices uses. There will be a restriction against a use conflicting with the adjacent tenant of 9a Martin Terrace. Interested parties will therefore be required to confirm their intended use before viewing. The tenant will not be permitted to operate under the trading name of the former tenant The Dapper Bear.

Location - Martin Terrace is a continuation of St Luke's Terrace which is the main shopping area within Pallion serving a densely populated residential area. Nearby occupiers include Gregg's, Domino Pizza, Coral and William Hill amongst others.

Description - The property comprises fully fitted gentleman's barbers shop and is of single storey construction having been extended to the rear. The premises would suit a continuation of the current use or alternatively may suit a variety of retail or offices uses. There will be a restriction against a use conflicting with the adjacent tenant of 9a Martin Terrace. Interested parties will therefore be required to confirm their intended use before viewing. The tenant will not be permitted to operate under the trading name of the former tenant The Dapper Bear.

Accomodation - The property briefly comprises as follows:-

Internal Width 9'3" 2.82
Sales Depth 27'11" 8.50
Sales Area 258 sq ft 23.97 sq m
StoreS 276 sq ft 25.64 sq m
WC

Tenure / Rent - A new Lease is available at a rental of £550 per month (£6,600 per annum) for a term of years to be agreed on a Tenant Internal Repairing and basis plus insurance. The tenant is also responsible for the doors, shop front and roller shutters. Rent payable monthly in advance by standing order. A rental bond will also be required subject to status.

Code Of Practice - The Landlord accepts the principles of the Code of Practice for Commercial Leases in England and Wales. Alternative lease terms are available upon request. A copy of the Code can be obtained from the Royal Institution of Chartered surveyors, 12 Great George Street, Parliament Square. London, SW1P 3AD [use Contact Agent Button], Fax:[use Contact Agent Button] or alternatively from the website:
Costs - Each party will be responsible for their own Legal Fees incurred in the transaction. A short business lease may be available allowing early access to the property subject to a fee of £350 plus VAT.

Viewing - Contact - Mario Jaconelli or Alexa Reavley [use Contact Agent Button] [use Contact Agent Button]

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Vat - Figures quoted exclude VAT where chargeable.

Rateable Value - The Valuation Office has confirmed the current Rateable Value is £5,800. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation. Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non- domestic rating department of the Local Authority for clarification

Disclaimer - None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Epc - EPC RATING: F

Disclosure Of Interest - The directors of Lofthouse and Partners disclose that they have a personal interest in this property.