The property comprises a double fronted corner shop unit and forms part of the ground floor and basement of a four-storey tenement.
The shop currently has a main sales area and backshop, however has the potential for a full open plan layout and front and return display. The basement storage area is currently accessed via a timber trap staircase.
Location
The property occupies a prominent corner site on Great Western Road, a short distance west of St. George’s Cross, at the junction on Montague Street.
The property accordingly enjoys a highly visible position on a busy traffic thoroughfare in a location popular with many niche retailers with nearby traders including Tesco Express, Caffe Nero and Bagno Design.
Accommodation
We calculate the approximate net internal floor area to be as follows:
Ground Floor - 72.75 sq m (783 sq ft)
Basement - 51.66 sq m (556 sq ft)
Total - 124.41 sq m (1,339 sq ft)
Terms
Assessment - The Rateable Value is currently £15,000 and the rates payable for 2024/25 is approximately £5,602 based on the current rate poundage and assuming eligibility for the 25% discount available under the Small Business Bonus Relief scheme.
Lease - The lease to be granted will be on the standard full repairing and insuring terms for a period of negotiable duration.
Further details on application.
Rent - Offers of £18,000 per annum exclusive are invited.
Legal Costs - In the normal way, each party will be responsible for their own legal costs incurred in the transaction, together with VAT thereon.
VAT - All prices, premiums, etc. are quoted exclusive of VAT.
Energy Performance Certificate - The property currently has an EPC rating of ‘G’.
Specification
- Prominent corner site on busy main traffic route
- Adjacent to Tesco Express and Caffe Nero
- Total Floor Area (ground and basement) – 124.41 sq.m. (1,339 sq.ft)