The property comprises part of the ground floor of a three-storey office building of brick and tile construction and provides a lock-up retail unit with an aluminium and glazed shop front installed protected by a security shutter.
The premises have previously been used for the sale of fishing tackle and would be suitable for a variety of alternative retail purposes or possibly for non-retail use subject to any planning consent considered appropriate by the relevant local authority but hot food uses will not be considered by the landlord.
Location
The property is situated in a secondary trading position in the town centre just off the main shopping thoroughfare and on the north side of Albion Street close to its junctions with Lower Brook Street and Market Square.
The area is characterised by a mixture of local retail and non-retail trades.
Accommodation
Total Net Floor Area - 325 sq ft (30.19 sq m)
Terms
SERVICES - Mains water, electricity and drainage are connected.
ASSESSMENTS - The local authority for rating purposes is Cannock Chase Council. The rateable value is £XXX with no uniform business rates payable for the year ending March 2023 subject to certain qualifying criteria. 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 this property indicates an Asset Rating of 83 in Band D. A full certificate with recommendations will be provided on request.
TERMS - The premises are available on a new internal repairing lease, with that to include responsibility for the shop front, for a term to be agreed at a rental of £XXX per annum exclusive of rates with upward only reviews to be at three yearly intervals.
The landlord will insure the building and then recharge the tenant the appropriate cost thereof. A service charge is also applicable to cover the maintenance and cleaning of the shared common areas. The lease is to exclude the security of tenure provisions of the Landlord and Tenant Act 1954. VAT is not applicable on the rental in this instance.
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
- 325 sq.ft. (30.19 sq.m.)
- Central location
- Suitable for a variety of retail purposes
- Competitive rental
- Rates free subject to tenant qualification
- Available in May 2022