Retail area with store/prep area plus WC. The shop is provided with equipment such as refrigerators and wok burners. The equipment is provided as seen and no warranty is provided as to its continued functionality.
Front of Shop
44.48 m² (478 ft²) approx
7.99 m² (86sq ft²) approx
52.47 m2 ( 564 ft²)
Five years or longer by negotiation
£10,000 per annum plus VAT plus rates
Online enquiries with Land and Property Services confirm that the NAV of the property is as follows; Shop store:
The rate in the £ 2018/2019 is 0.557373Rates payable based on the above figures would be £3,985.22 approximately.
A 20% discount is available on the above figure for the 2018/2019 tax year under the SmallBusiness Rates Relief Scheme. The annual rates payable with the benefit of the reduction up to 31st March 2019 are approximately £3,188.18
Shall be charged on rent and outgoings
The tenant will be responsible for all repairs.
Tenant responsible for repayment of their share of building insurance premium. Current cost of insurance for 2018/2019 is approximately £600 inc VAT but it expected amount will depend on the usage.
Service charge covers share of the cost of maintaining carpark and common parts of the shopping centre. The landlord is prepared to offer a fixed rate service charge of £500 per annum plus VAT.
Strictly by appointment with Macfarlane & Smyth. For further details please contact Andrew Smyth or David Smyth.
Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.