Summary
A ground floor self-contained retail unit forming part of a prime retail development in the town centre. The unit briefly comprises a retail area together with separate storeroom, kitchen and WC. The property benefits from plastered wall surfaces, brand new carpet and a suspended ceiling with modern LED lighting. The unit features a secure, electric roller shutter to the front with window frontage onto the busy Castle Walk stretch. Castle Walk is a popular and modern retail development supporting a wide range of national retailers and comprises the principal retail area within the town. Neighbouring operators include New Look, Greggs and Peacocks.
A low rent of £18,500pa is offered for the first year with a small stepped rent increase expected in year two. Unit 3 Castle Walk (next door) is also available and the two could be taken together if required.
Key Points
Ground floor retail unit NIA 514 sq ftPrime town centre locationForming part of a modern retail developmentEPC: Band C (59)
Services
Mains electric, water and drainage are connected. No services have been tested by the agents.
Tenure
Available by way of a new Full Repairing and Insuring lease by way of service charge for a minimum of 3 years and with rent reviews every 3 years and with each party bearing their own legal costs associated with the lease.
Business Rates
Rateable value £17,000
Rates payable £8,483pa (24/25)
Note: Retail, hospitality and leisure relief. If you’re eligible, you could get 75% off your business rates bills for the 2024 to 2025 billing year (1 April 2024 to 31 March 2025).
Anti-money Laundering Regulations
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
Location
Castle Walk was constructed circa 2005 and comprises a range of retail units which link Ironmarket and Hassall Street and is located in the pedestrianised town centre. There are a wide range of national retailers within the development and New Look next door.