22-24 High Street, Uttoxeter, ST14 7HT

Summary

An attractive period retail premises with a spacious sales area extending to 1,026 sq ft currently occupied by a private individual trading as a nail bar. The property has an attractive Tudor style frontage with brick elevations to the rear supporting pitched roof surfaces and occupies a prime location in the centre of Uttoxeter. The sales area is arranged in open plan with a suspended ceiling and window display frontage facing the High Street and there is also first floor welfare and ancillary storage space. To the rear is an area of land upon which one car can be parked and rear goods access is facilitated.

Key Points

VAT

The sale price is not subject to VAT.

Services

Mains water, drainage and electricity are connected. No services have been tested by the agents.

Business Rates

Rateable Value: £19,250
Rates payable is the responsibility of the tenant to discharge.

Tenancy Details

The property is occupied by a private individual who took occupation on the 18th November 2021 by way of a Full Repairing and Insuring lease which has since been extended (at the tenants request) until the 30th April 2035. The passing rent is set at £14,000 pa and will rise to £15,000 pa on the 1st May 2028. On the 1st of May 2031 there is a rent review subject to a capped increase of 12.5%. The lease is guaranteed by Happy Nails TVB Ltd (Company No: 11083308) and there is also a rent deposit of £3,500.

Tenure

The property is available freehold, subject to contract and the existing tenancy.

Anti Money Laundering Regulations

In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.

Location