Summary
Unit 1 is located at the entrance to Borough Parade from the adjacent pay & display car park that serves the Centre. The unit is situated directly opposite Little Waitrose with other nearby occupiers including New Look, David Christopher Jewellers and Cafe Nero.
The unit has a large window front to the pedestrianised parade with a return frontage facing the car park. The unit has most recently been used as a restaurant and Internally has an open plan sales / seating area with 2 toilets (one with disabled person access), a small storage cupboard, a food preparation / washing up area and a kitchen, with fire door exit.
The unit has a tiled floor covering, a mix of recessed spot lights and pendant lamps and a ceiling mounted air conditioning unit (not tested).
Key Points
Prominent position adjacent to car park and opposite WaitroseLong window frontage to the pedestrianised Parade.Established previous use as restaurantNew lease offered£23,750 per annum
Terms
The unit is offered on a new effectively full repairing and insuring lease.
Rent
£23.750 per annum exclusive of VAT, which is payable at the standard rate.
Use
The property is suitable for any retail use, but was last used as a restaurant, so could be used for the same use going forward.
Business Rates
The Valuation Office Agency website lists the unit as having a Rateable Value of £39,500.
The Rateable Value is currently subject to an Appeal.
Service Charge
A service charge is payable toward the repair and maintenance of the common parts of Borough Parade, together with other good estate management functions. The current estimated annual service charge is £4,200 + VAT; plus an insurance charge of £725 + VAT.
Energy Performance Certificate
The property has an EPC rating of 75 in Band C.
https://find-energy-certificate.service.gov.uk/energy-certificate/0290-1930-0331-8290-1094
Legal Costs
Each party will be responsible for their own legal costs in any transaction.
Location
Chippenham is an attractive and historic market town approximately 28 miles east of Bristol; 12 miles east of Bath and 17 miles south
west of Swindon. Junction 17 of the M4 motorway is 4 miles to the north of the town centre.
The town has a population in the region of 45,000 people. In the heart of Chippenham town centre is the Borough Parade Shopping
Centre with existing retailers including Waitrose, New Look, Waterstones, Robert Dyas, EE, and Caffè Nero.
Adjacent to the shopping centre is a ground level pay & display car park for approximately 160 cars.