This property is terraced and forms part of a three storey stone building comprising a ground floor commercial retail unit with basement and two flats above which have their own self-contained entrance and rear access. There is a small courtyard area to the rear which provides one parking space for the flat and commercial bin storage areas for the shop.
The retail unit has rear access for staff with a small external under stairs cupboard and an attractive timber framed glazed customer entrance and window display to the front elevation. Internally there is a open planned retail area with a WC and kitchenette facility to the rear of the ground floor. There is an internal staircase leading down to a basement floor which provides a staff office and storage space which has carpeted floors and painted walls.
Location
The property is located in the heart of Stamford Town Centre at the Eastern side of the pedestrianised shopping area. It is at the junction of St Paul’s Street, High Street and St Georges Street.
Stamford is an affluent Market Town and is located between Peterborough and Corby with links to the A1 and A606.
Neighbours include M&S Food Hall, Tesco Express, Costa Coffee, Subway, Cancer Research and other national and regional retailers.
Accommodation
The property has been measured on a net internal basis and provides 1,299 sq ft (121 sq m) split as follows:
Ground floor - 832 sq ft (77 sq m)
Basement - 467 sq ft (43.4 sq m)
Terms
Terms - The property is available by way of a new lease, terms to be negotiated. Rent on application.
Business Rates - The property has a rateable value of £27,000. Interested parties should check amounts payable with the local authority.
Planning - The property is located in a retail area of town and has been used for retail for many years.
Services - The property benefits from mains electricity, water and drainage. The gas has been capped off to the shop but gas is supplied to the flats above. These are untested by the agents.
Legal Costs - Each party to be responsible for their own legal costs. However, the in-going tenant is to provide a legal undertaking via solicitors to cover the landlord’s abortive legal costs in the event they withdraw from the transaction.
VAT - VAT will not be applicable to the rent.
EPC - The EPC rating is available on request.
Specification
- Retail unit with basement office and store room
- Net internal area approx. 1,299ft2 (121m2)
- Located in attractive market town
- Opposite M&S Food Hall and close to the High St
- Rent on application