A well presented shop of approximately 580 ft² situated in a highly desirable trading position on Whiteladies Road, Clifton. The shop is open plan arranged over a split level with additional treatment room, toilet and kitchen.
The shop is available to let on an assignment of the current 7 year term (although a new lease is available if preferred).
DESCRIPTION -
Retail unit of approximately 580 ft² situated in a highly desirable trading position on Whiteladies Road, Clifton, available to let on an assignment lease, although a new lease is available if preferred.
LOCATION -
Situated in a busy trading position on Whiteladies Road. Neighbouring operators include B Pro Fitness, Cow & Sow and the Everyman Cinema.
BUSINESS RATES -
The Rateable Value with effect from April 2023 is £12,750.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C valid to November 2031.
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.
VIEWINGS -
By appointment.
LEASE DETAILS -
The shop is available to let on an assignment of the current term, or a new lease will be considered by the landlord.
The property is currently let on a 7 year term from the 25th March 2022 at a passing rent of £19,000pa (plus service charge) on an internal repairing and insuring basis, subject to an RPI review on the 25th March 2026. There is a tenant only break option on the 24th March 2025 (subject to 6 months notice) .The current lease is excluded from Sections 24-28 of The Landlord & Tenant Act.
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.
LEGAL FEES -
Each party to incur their own respect legal fees.
Should an assignment be required, then an undertaking for the landlords legal fees will be required and we suggest this is split equally between the ingoing and outgoing tenants.
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.
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.
NOTES -
Please note, the business/goodwill is also available by separate negotiation.
