A ground floor shop of approximately 225 sq ft with additional basement storage (approx 265 sq ft) situated in a highly desirable position in Clifton village. The lease is available on the residue of a 6 year term at a very low rent of £9,750pa and subject to an ingoing premium in the region of £12,000.
Situated in a highly desirable and busy retail position close to the Clifton Arcade next to Café Nero and Anna.
The floor plan is provided for indicative purposes only and should not be relied upon.
Rating: D (expires June 2030).
The shop is available for assignment on effectively full repairing and insuring terms for a period of 6 years from 16 January 2019 although we understand the landlord may consider a lease extension if required.
The rent payable from 16 January 2020 to and including 15 January 2021 is £9,750pa.
For the period 16 January 2021 to and including 15 January 2022 the rent will be £10,750pa.
The rent will be reviewed on 16 January 2022 and there is a tenant break option on the 15 January 2022 subject to a conditions.
Each party to incur their own respective legal fees, the landlords legal and surveyors fees to be split equally between the ingoing and outgoing tenants.
A premium of £12,000 is sought for the lease.
The rateable value with effect from April 2017 is £9,300. We therefore 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.
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
Strictly by appointment with Maggs and Allen only.
All figures quoted are exclusive of vat unless otherwise stated.
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 as part of the Money Laundering Regulations, we will require all prospective tenants to provide the necessary identification documents.
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.
Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.