Where is the Class E Shop located?
The shop to let is on Green Lane which forms part of the St Peters Quarter, a designated Business Improvement District (BID). The St Peters Quarter BID vision is to develop the area as a destination by providing an alternative and complementary shopping, leisure and commercial area to intu and the Cathedral Quarter.
Green Lane backs onto the Becketwell Regeneration area with Phase I well under way. This shall provide 259 Build to Rent (BTR) apartments complemented by a new public square. Works are due to complete 2023. Phase II is for an exciting new 3,500 capacity performance venue that will be managed by world-leading venue operator ASM Global. Completion and handover to the operator scheduled for late 2024.
Class E premises adjacent Beckettwell Regeneration area. Fitted out as a restaurant.
The accommodation comprises a street level reception, off which is a short staircase leading to the main trading area providing an open-plan kitchen (with extraction), food prep, pot wash, dining area and customer WC's. To the first floor is a single staff WC, to the lower ground floor is a basement.
Externally there is a small enclosed rear court yard.
How has the accommodation been measured?
The accommodation has been measured on a Net Internal Area basis (NIA), in accordance with the RICS Code of Measuring Practice.
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 subject to a range of professional uses STP. All parties should confirm the planning position with the relevant Local Authority.
All mains services are connected to the property. Electricity is single phase.
What is the Ratable Value?
The property is currently listed as a shop and premises on VOA.gov.uk.
Please check the valuation office website for any rates incentives. Subject to status you may qualify for 100% rates relief.
How is the accommodation offered?
Shop for rent by way of a new lease for a term of years to be agreed.
Rent: £12,500 per annum. Please check the VAT status.
All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.