RETAIL **RECENTLY UPGRADED** **RENT REDUCED **
12 The Parade Minehead TA24 5UG NEW LEASE LOCATION The subject premises are situated fronting The Parade, just off the A39, which is the main thoroughfare through Minehead. Adjacent occupiers include: Boots the Chemist and Superdrug with other nearby occupiers including: NatWest Bank, WH Smith and Argos.
ACCOMMODATION Gross Frontage: Internal Width: Ground Floor Sales Area:
9.06 m 8.92 m 187.21 sq m
(29 ft 7’’) (29 ft 3’’) (2,015 sq ft)
LEASE A new full repairing and insuring lease for a term of years to be agreed and subject to 5 yearly upward only rent reviews.
RENT £35,000 per annum exclusive.
TERMS Nil premium.
RATES According to the Valuation Office Agency website, the premises is currently assessed as follows: Rateable Value Rate in the £ Rates Payable
£29,500 48.2p (2014/2015) £14,219
For verification purposes and phasing/transitional relief if appropriate, interested parties are advised to make their own enquiries on www.voa.gov.uk
LEGAL COSTS The ingoing tenant would be responsible for the landlord’s legal costs incurred in the transaction.
VAT All figures within these terms are exclusive of VAT where applicable.
EPC An EPC is available for this property on request.
VIEWING Strictly by prior appointment through: Steve Cullis Stuart Williams
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[email protected] [email protected] For details of further properties marketed by this firm visit www.wghproperty.co.uk
SUBJECT TO CONTRACT
December 2009 (Updated February 2015)