The subject shop is situated in the centre of the terrace with a prominent double shop front and central glazed entrance door.
Location
Oaks Precinct is a well-established neighbourhood shopping centre serving a large residential area on the western side of Kenilworth.
The properties which form the precinct comprise an L shape terrace around a paved courtyard area with retail on the ground floor and separate access to living accommodation above.
Current businesses include One Stop convenience store, Margaret Hill’s Clinic providing health and lifestyle advice, Bronze Tanning salon, Rumours Ladies Hairdressers, Men The Barbers, a Chinese takeaway and a tattoo parlour. An extensive off-street car park is immediately adjacent.
Accommodation
The accommodation includes a solid concrete floor, fluorescent lighting and slatwall panelling to a number of sides (which can be removed if not required).
Leading off the retail area and separated by a stud wall is an office/store room with WC and beyond a larger store room which could also be utilised as packing and distribution area.
Retail area: 7.45m wide by 5.605m deep, ie, 450 sq ft (41.76 sqm)
Office / store: 2.54m wide by 3.10m wide, ie, 85 sq ft
Rear store: 2.56m wide by 6.54m wide, ie, 180 sq ft
Terms
Services
We understand mains water, gas, electricity and drainage are connected or available for connection to the property. However we have not tested any of the services and therefore, can offer no warranty as to their present condition. Interested parties are advised to make their own investigations into these items.
Lease Terms
The premises are available on a new lease for a term to be agreed with the lease being taken outside the Security of Tenure provisions of the Landlord & Tenant Act 1954.
The tenant will be responsible for internal repairs, maintenance and decoration and for looking after the exterior of the shop front and insuring the plate glass.
Rent
£XXX per annum, exclusive of business rates, service charge, VAT, building insurance and all other outgoings and will be payable quarterly in advance. The building insurance contribution is currently £XXX per annum.
VAT
We understand VAT will not be payable on rent.
Business Rates
Rateable Value: £XXX
For occupiers eligible for Small Business Rate Relief, a 100% saving may be available. For further information and confirmation of eligibility, please liaise with Warwick District Council on 01926 456760.
Legal Costs
Each party will be responsible for their own legal costs incurred in this matter.
Planning
The premises are suitable for Class A1 (retail) purposes. The new tenant’s business is not to be in direct competition with the existing businesses in the precinct.
Specification
- Lock up shop in popular precinct
- Prominent double shop front with office/ storage to rear
- 100% Rate Relief saving for eligible occupiers
- One Stop Convenience Store, hairdressers and takeaway nearby
- Extensive free parking immediately adjacent