The premises comprise a ground floor shop with 2 floors above.
Location
Situated a few yards from the busy junction of Church Street with the High Street. This shop is in a parade of similar properties including TJ Barbers, FoneFix and Vapour Trail. The adjoining unit, 6 Church Street, is in the process of being sold. Originally this terrace would have been cottages which were converted to retail many years ago.
Accommodation
Shop
Internal width 12’6” (3.8m)
Shop depth 18’6” (5.6m)
Sales area 231 sq ft (21.5 sq m)
Attractive feature shop window, + rear access to service area.
Door with stairs to:
1st Floor Landing with stairs to 2nd floor.
Front office 10’3” x 12’9” into alcove (3.1m x 3.9m) 129 sq ft (12.0 sq m)
Window overlooking Church Street.
Kitchen Stainless steel sink unit having cupboards under & water heater over + worktop with space under for fridge.
Cloakroom Low level w.c. + hand basin with water heater over.
2nd Floor Attic room 11’9” x 12’ (3.6m x 3.7m) into alcove 141 sq ft (13.1 sq m)
Limited headroom with small window to rear.
Outside To the rear of the shops in the parade is a small service passage giving access to a bin storage area + separate access to Church Street.
Terms
LEASE - Held for a term of 10 years from June 2018 with a review in June 2023. Current rent payable £8,250 per annum. The lease is held on an internal repairing & insuring basis. There is an obligation to repair decorate at least every 5 years including doors, window frames and shopfront but to exclude floor supports and ceiling joists. There is an obligation to decorate the outside of the premises in the last year of the term. The Tenant has rights to renew at the end of the term.
The Tenant is Mr K J Bradford t/a Electric Rose Tattoo Studio. He has been in occupation since June 2008.
PRICE - £110,000 for the freehold interest subject to the existing tenancy. This will show a return of 7.5% before a purchaser’s costs.
RATES - Local Authority: Wealden SBR (24/25): XXX
Rateable value : £7,000
N.b. Eligible businesses occupying a property with a rateable value of less than £15,000 may be entitled to small business rate relief with properties having a rateable value of £12,000 or less paying no rates.
Further details may be found at www.gov.uk/apply-for-business-rate-relief.
VAT - VAT will not be charged on the purchase price.
SERVICES - The mention of any appliances and/or services in these details does not imply they are in full and efficient working order.
EPC - Energy performance certificate Band C (73).