Where is the Retail located?
The property occupies a prominent corner site front Carlton Hill (B606) to the south, at its junction with Fedrick Avenue. Nearby occupiers include Tesco, Iceland and Dominos Pizza.
The property comprises a modern detached two storey building of a cavity blockwork and brick construction under a pitched roof incorporating a powder coated aluminium framed retail frontage and windows, together with a tarmacdum surfaced car park to the rear for 6 vehicles, with permitter wall and wrought iron railings.
The property was purpose built as a bank with ancillary offices, so the accommodation is configured to provide a main banking hall, together with administrative offices whilst the first floor provides a kitchen and staff toilets, store rooms and cleaners cupboard.
How has the accommodation been measured?
The accommodation has been measured on a Net Internal Area (NIA) in accordance with the RICS Code of Measuring practice. Areas are given for guidance purposes only and interested parties should rely on their own due diligence.
We believe the property has been used under Class E - Commercial, Business and Service of the Town and Country Planning (Use Classes) Order 1987 (as amended) but may be suitable for a range of high street or professional uses STP. All parties should confirm the planning position with the relevant Local Authority.
It is to our understanding that all mains services are available at the property. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.
What is the Ratable Value?
The property is currently listed as a bank and premises on VOA.gov.uk.
The 2023/24 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business.
How is the accommodation offered?
A new long term lease will be offered. The Landlord will not consider short term lets. Leases will be on full repairing terms, with upwards only open market rent reviews.
Rent: £29,950 per annum. Please check the VAT status.
VAT is not applicable
What are the viewing arrangements?
Check our website for a virtual tour, physical viewings can be arranged by contacting OMEETO or our joint agents Landa Associates 0115 772 2525. We do not take any responsibility for any loss or injury caused whilst carrying out a site visit.