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Town Centre Retail Premises, 22/24 Terminus Street, Harlow, CM20 1EX

7,260 Sq Ft / Retail / General Retail

To Let - £35,000.00 per annum

Under Offer - Last updated: 23 November 2021

The property occupies a prominent corner location at the junction of East Walk and Terminus Street, close to the busy Terminus Street Bus Station and in the primary shopping area of Harlow. On offer is a ground floor retail unit with first floor retail/storage/office areas, additionally there are WCs and a kitchen area. The property has the benefit of extensive frontages on to East Walk and 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.

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 - 364.3 sq m  (3,921 sq ft)

First Floor - 310.2 sq m  (3,339 sq ft)

Total - 674.50 sq m  (7,260 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 C-70

Rent - £35,000 per annum exclusive

Service Charge - The Service charge is £3,831.00 for the current year.

Buildings Insurance - Buildings Insurance is £1,368.00 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) £60,000.00

Payable (2020/2021)* £29,940.00

*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
  • 21.98 metre frontage with benefit of a Return frontage

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £35,000.00 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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