The property comprises a 3 storey corner terraced property of brick construction with a pitched slate covered roof. It is in commercial use throughout having just been converted to provide self-contained ground floor retail premises and separately accessed upper floor treatment premises.
The retail access is from Regent Street as is the access to the upper floors with the ground floor elevation being painted and upper floors remaining as attractive brickwork.
The premises have been completely re-pointed, plastered, decorated with new windows throughout, secondary glazing and new toilet facilities to the flat and shop.
Location
The property is located in a prominent trading position at the junction of Regent Street with Park Street just to the east of Parade in the centre of the attractive spa town. Regent Street is one way, west to east, and has the benefit of on-street car parking. The property is a short distance from Royal Priors Shopping Centre and from Regent Court Restaurant Quarter and there are other occupiers in the immediate area such Dominos Pizza, Fired Earth, Jaeger and Whitewall Galleries. Seasalt Ladies Fashion and Giggling Squid Tai Restaurant have just committed to opening premises in Regent Street.
Accommodation
Ground Floor - 396 sq ft (36.79 sq m)
First Floor - 286 sq ft (26.57 sq m)
Second Floor - 258 sq ft (24 sq m)
Total - 940 sq ft (87.33 sq m)
Planning - A1 Retail At ground floor, D1 Non-Residential institutions to upper floors.
Terms
Tenure - The ground floor is let on a new 5 year internal repairing and decorating lease at a rental of £XXX per annum (exclusive of Business Rates, service charge and insurance) with the tenant being responsible for the contribution of 50% towards the cost of repairing and maintaining the roof of the property, any shared ground floor areas and 50% of the insurance premium for the building as a whole. A £XXX rent deposit from Farrington & Forbes Homes Interiors Limited is held by the landlords. First Floor - to be let on a coterminous 5 year lease on the same terms as the ground floor to Natural Elixir LLP which has a history of 12 years trading from the premises at a rent of £XXX per annum, exclusive of VAT, Business Rates, service charge and buildings insurance.
Price - Offers are invited at £XXX for the benefit of the freehold interest subject to the occupational leases.
EPC - D86.
Legal Costs - Each Party will meet their own legal costs associated with this transaction.
Specification
- Comprises Retail at ground floor
- Clinic/treatment rooms to 2 upper floors
- Recently Refurbished
- Prominent town centre location.