- 2,989 - 3,994 sqft (278 - 371 sqm)
- To let
- From £40,000 per Annum
The property is located within a 100% prime position on the pedestrianised Commercial Street close to the main entrance into the newly built Friars Walk Shopping Centre. Adjacent occupiers are Iceland and Wildings Department Store. Other occupiers in the immediate vicinity include Costa Coffee, Boots, Halifax, CEX, The Works, Waterstones and W H Smith.
The property is a four storey building over ground and three upper floors. Access is provided directly from Commercial Street, whilst rear delivery access is provided from Stow Hill into the rear of the first floor. The ground floor is well configured with a sales area to the first floor.
The property is available to let on the basis of a new 10 year lease via full repairing and insuring terms subject to 5 yearly upwards only reviews.
The 2017 draft rateable value for the property is:-
Rateable value: £47,750
Rates payable: £23,827
Interested parties are encouraged to make their own enquiries with the Local Rating Authority.
VAT is payable to the rent.
The property provides the following approximate areas and dimensions:-
Gross frontage 9.4m 31 ft 00 ins
Net frontage 8.0m 26 ft o4 ins
Built depth 34.8m 114 ft 03 ins
Ground floor sales 227.68 sq.m 2,989 sq ft
First floor sales 249.63 sq.m 2,687 sq ft
Second floor storage 61.13 sq.m 658 sq ft
Third floor storage 60.29 sq.m 649 sq ft
We understand that the property benefits from A1 planning consent although other uses will be considered subject to the tenant obtaining all
necessary planning permission.
Each party to bear its own costs in dealing with this transaction.
Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.