A terraced shop of approximately 700 ft² let to Greggs PLC at a passing rent of £11,500pa. The lease was due for renewal in March 2025, which will include a review to the market rent.
The shop is situated in a busy trading position in Clevedon Town Centre. The neighbouring shop is also available for sale by separate negotiation.
DESCRIPTION -
A terraced shop of approximately 700 ft² let to Greggs PLC at a passing rent of £11,500pa. The occupational lease was due for renewal in March 2025, which will include a review to the market rent.
LOCATION -
The shop is situated in a busy trading position in Clevedon Town Centre. Notable neighbouring occupiers include Cancer Research UK and WHSmith.
NOTES -
The neighbouring shop (2 Station Road) is also available for sale by separate negotiation for £165,000. Please contact the office for further details.
BUSINESS RATES -
The rateable value with effect from April 2023 is £8,600.
TENURE -
We understand the property will be sold on a freehold basis, subject to the long leasehold interest of the first floor which has been sold off. We understand that the first floor flat pays a further £100pa Ground Rent charge.
LEASE DETAILS -
The lease is drafted on an effectively fully repairing and insuring basis, for a term of 5 years from March 2020, and is subject to a 3 year tenant only break option. The lease was therefore due for renewal in March 2025, which will include a review of the annual rent.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: To be confirmed.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated, although we understand the property is not opted for VAT.
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.
