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Retail Premises Suitable For Various Uses, 14 Terminus Street, Harlow, CM20 1ES

1,705 Sq Ft / Retail / General Retail

To Let - £20,000.00 per annum

Available - Last updated: 23 November 2021

On offer is a ground floor retail unit with first floor storage/office areas, additionally there are WCs and a kitchen area.

The property is located within the primary shopping area of Harlow on Terminus Street. Forthcoming changes to the Use Classes regulations (September 2020) mean that a variety of uses are suitable for the premises without the need for a change of use application. The shop is situated in a terrace of shops opposite the Terminus Street bus station and the Terminus Street car park.

Retail occupiers in close proximity are Cashino, several eateries and cash converters.

Location

The property is located within the pedestrianised area of the town centre in Harlow. The town is situated on the Essex border with Hertfordshire and is approximately 30 miles from central London. The town is connected by the M11 at junction 7 and the A414, and London Liverpool Street can be reached in 30 minutes via the Stansted Express.

Accommodation

Ground Floor - 75.5 sq m  (812 sq ft)

First Floor - 83 sq m  (893 sq ft)

Total - 158.5 sq m  (1,705 sq ft)

Terms

Terms - The premises are available on a new effective full repairing and insuring lease on terms to be agreed.

EPC - The EPC rating is E-113

Rent - £20,000 per annum exclusive

Service Charge - The Service charge is £928.00 for the current year.

Buildings Insurance - Buildings Insurance is £399.00 for the current year.

VAT - All figures quoted are exclusive of VAT

Business Rates - From the Local Rating Authority website, we understand the premises are assessed for rates as follows:
 
Rateable Value (2017) £15,250.00
 
Payable (2020/2021)* £ 7,609.75 *UBR rate of 0.499
 
Small businesses may quality for a Small Business Rate Relief of up to a 100% reduction of the above figure. Interested parties should satisfy themselves as to the rateable value and business rates payable by making their own enquiries of the Harlow Business Rates team on 01279 446688 or business.rates@harlow.gov.uk or an alternative would be to contact the Valuation Office Agency.
 
Costs - Each party to pay their own costsin this matter.
 
Planning - From 1st September 2020, changes to the Town and Country Planning (Use Classes) Order 1987 (“the Use Classes Order”) will come into force that will enable many types of commercial premises to be repurposed without the need for a planning application and will allow for a quicker, and more streamlined response to ever changing business and local community needs. The recent changes announced by the UK Government will significantly amend the Use Class Order by replacing existing use classes A1 (shops), A2 (financial and professional services), A3 (restaurants and cafes) and B1 (business) with a new Class E (commercial, business and service). The effect of that will mean, subject to some exemptions, premises such as shops, restaurants, professional services, indoor sports centres, nurseries and offices will be able to change use within the new use class without having to obtain planning permission to do so.

Specification

  • Within the town centre
  • Very close to major retailers
  • Variety of uses permitted as per the new planning rules
  • Excellent location near to the bus station and parking
  • 5.51 metre frontage 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £20,000.00 per annum

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Contact agents

Elliott Brighton

Peer Group Plc

020 3369 1590

Louise Campbell

Coke Gearing Consulting

01279 510328



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