The property forms part of a development of five units and is of two-storey flat-roofed brick construction providing a retail area on the ground floor, which has been partitioned to accommodate an office and stockroom space, and staff, storage and W.C. facilities at first floor level. Aluminium and glazed display windows are fitted to the front and extensive return.
The premises have previously been used for the sale of fashion accessories and as a charity shop but would be suitable for a wide variety of alternative trading or possibly for non-retail usage subject to any planning consent considered appropriate by the local authority.
Location
The property is prominently situated in Rugeley town centre on the west side of Brook Square, close to its junction with Upper Brook Street and a number of national multiple retailers including WH SMITH, SPECSAVERS, BOOTS, THOMAS COOK and CORAL.
Accommodation
Gross Frontage - 16ft 7ins
Net Frontage - 16ft 5ins
Return Frontage - 49ft 9ins
Shop Depth - 50ft
Ground Floor Sales Area - 830 sq ft
First Floor Ancillary Area - 735 sq ft
TOTAL AREA - 1,565 sq ft
Terms
The premises are available on a new full repairing lease for a term to be agreed at a commencing rental of £15,000 per annum exclusive of rates, and VAT if applicable, with upward only reviews to be at five yearly intervals. The landlord insures the property and then recharges the tenant the cost thereof. A service charge provision also applies.
SERVICES
Mains water, electricity and drainage are connected.
ASSESSMENTS
The local authority for rating purposes is Cannock Chase Council. The rateable value of the property has been assessed at £14,000 with an estimated uniform business rates payable of £6,720 per annum for the year ending in March 2019. Please note that the rates payable calculation may vary as a consequence of transitional relief provisions. These details have been based on the information provided by the Valuation Office's website and should be double-checked by any party intending to enter into any commitment that relies on their accuracy.
EPC
The Energy Performance Certificate issued for the property indicates an Asset Rating of 66 within Band C. A full certificate with recommendations will be provided on request.
LEGAL COSTS
Both parties are to be responsible for their own legal costs incurred in the preparation of the lease and the counterpart lease, together with any Stamp Duty and VAT due thereon.
Specification
- 1,565 sq.ft. (145.39 sq.m.)
- Net retail area - 830 sq.ft. (77.11 sq.m.)
- Available for early occupation
- Corner position with extensive return frontage
- Close to WH Smith, Specsavers, Boots, Coral, Thomas Cook