A retail unit of approximately 630 ft² situated on the High Street in Staple Hill. The shop is predominantly open plan with separate wc and benefits from on street customer/public parking (for 2 hours) in front of the shop.
The shop is offered to let on a new effectively fully repairing and insuring term at £12,000pa, and is also available for sale, on a long leasehold basis and with vacant possession, at an asking price of £135,000.
DESCRIPTION -
A retail unit of approximately 630 ft² situated on the High Street in Staple Hill. The shop is predominantly open plan with separate wc and benefits from on street customer/public parking (for 2 hours) in front of the shop.
LOCATION -
The shop is located in a busy trading position on the High Street in Staple Hill. Neighbouring occupiers include Greggs, PDSA, Iceland, and various independent operators.
BUSINESS RATES -
The Rateable Value with effect from April 2023 is £8,500. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: D (valid to April 2029).
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
LEASE DETAILS -
The shop is available to let on a new effectively full repairing and insuring Lease with annual RPI increases. Each party to incur their own respective legal fees.
Alternatively, the shop is available for sale with vacant possession, on a long leasehold basis, at £135,000.
CODE FOR LEASING BUSINESS PREMISES -
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
TENANT APPLICATION FEE -
The ingoing tenant will be charged an application fee of £250 plus VAT (£300 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks. Accounts will be requested where available and a deposit and/or personal guarantee may be required.
VIEWINGS -
By appointment.
CONTROL OF ASBESTOS REGULATIONS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
