A modern and well-presented retail premises comprising an open plan ground floor sales area with approx. 54 feet frontage to Gaolgate Place and a return frontage of approx. 55 feet to Hunters Row. The premises is well presented with a ceramic tiled floor, suspended ceiling with recessed lighting at ground floor and is also lift served and has a wide customer-friendly staircase providing the option to use the first floor as an additional sales area. Although previously used for retail purposes the property would suit a range of alternative uses, (subject to planning where necessary) to possibly include restaurant/café-bar or professional offices.
Location
The property forms part of a modern retail dominated development in the pedestrianised part of the town centre and is positioned on the junction with Gaolgate Place and Hunters Row, next door to Sports Direct.com and opposite Home Bargains. The property is also immediately opposite a range of existing buildings to the rear and above Home Bargains, which have recently been granted planning permission (Ref no: 19/30585/FUL) for change of use together with the formation of a new second floor extension to provide a 120 bed hotel. It is expected that this consent will be implemented through a well know hotel operator shortly, which will significantly elevate the immediate area. The proposed hotel scheme does not include restaurant facilities which creates an opportunity for the subject property to offer restaurant facilities to both guests and the wider public.
Accommodation
Ground Floor
Sales Area: 3,237 sq ft
First Floor
Stores/Additional Sales: 955 sq ft
Kitchen 54 sq ft
Dis WC -
WC -
Total NIA: 4,246 sq ft
Terms
VAT - The rent will be subject to VAT
INCENTIVES - A tenant who takes a 5 year term (without break) will be offered significant rental incentives during years 1 and 2. For further details please contact the agents.
SERVICES - Mains electric, water and drainage connected. Heating is by means of wall mounted blow heaters. No services have been tested by the agents.
EPC - Band C – Asset Rating 64.
BUSINESS RATES:
Rateable Value: £XXX
Rates Payable: £XXX pa (20/21)
Note: You will be entitled to 100% off your business rates bill for the first 3 months of the 2021 to 2022 tax year (1 April 2021 to 30 June 2021). 66% off your business rates bill for the rest of the 2021 to 2022 tax year (1 July 2021 to 31 March 2022).
TENURE - Available by way of a new full repairing and insuring lease, by way of service charge, for a term of years to be agreed, subject to rent reviews every three years and with each party bearing their own legal costs
RENT - £XXX pax
Specification
- Modern unit forming part of town centre retail development
- Ground floor sales: 3,237 sq ft (300.9 m2)
- First floor ancillary: 1,009 sq ft (93.8 m2)
- Next door to Sports Direct and opposite Home Bargains
- Close to public car parking
- EPC: 64 (Band C)