A two storey commercial investment property, let to W H Smith on a 5 year term from June 2023 on a fully repairing and insuring basis, at £20,000pa. The property also offers long term redevelopment potential.
The shop is situated in the heart of Clevedon in a busy parade. Early enquiries are recommended.
DESCRIPTION -
A two storey commercial investment property, let to W H Smith on a 5 year term from June 2023 on a fully repairing and insuring basis, at £20,000pa. The property also offers long term redevelopment potential.
The shop is situated in the heart of Clevedon in a busy parade. Early enquiries are recommended.
LOCATION -
Situated in a busy trading position in Clevedon on the junction with Station Road. Neighbouring occupiers include Cancer Research and Greggs.
FLOOR AREAS -
Given the irregular orientation, the measurements and floor plan should be treated as indicative only.
Retail Area: approx. 750 ft² with additional ancillary storage.
First Floor: approx. 1,148 ft² (Gross Internal Area)
TENURE -
Offered for sale on a freehold basis, subject to the commercial lease as noted below.
LEASE DETAILS -
The property is let to W H Smith Retail Holdings Limited for a term of 5 years from the 19th June 2023 (subject to a tenant break option on the 19th June 2026), at a passing rent of £20,000pa on a fully repairing and insuring basis.
BUSINESS RATES -
The Rateable Value with effect from April 2023 is £16,000.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C (expires April 2034)
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
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.
