To Let 31 High Street, Market Harborough, Leicestershire, LE16 7NL
Town Centre Ground Floor Retail Unit 409 sq ft (38.07sqm)
Prominently located towards the top of the High Street Attractive Period Building Large Display Windows On street parking in close proximity Planning for A1 retail An additional 378 sq ft of storage/office or further retail space can be made available at first floor level if required, subject to separate negotiation
New Lease £18,000 per annum plus VAT
31/31a High Street, Market Harborough, Leicestershire, LE16 7NL
LOCATION Market Harborough is an affluent market town in South Leicestershire with a population of approx. 22,911.
The first floor can be made available at the same time at an additional cost of £5,200 per annum plus VAT
The subject property is prominently located towards the top of the main High Street.
TOWN AND COUNTRY PLANNING
There is an excellent mix of both independent and national retailers within the town centre, Nearby Nationals include Phase Eight, East, Fat Face, White Stuff and Joules Clothing with adjacent independents including In Heaven at Home (home accessories), Josiah’s clothing, and Ada Jewellery. In addition both Browns Hairdressing and Zizzi Restaurant are close by.
DESCRIPTION
The ground floor has planning for A1 retail use with the first floor having B1 office use
RATES We understand from the Valuation Office Agency website that The ground floor retail area has a ratable value of £9,075. The st standard business rate multiplier for the financial year 1 April st 2016-31 March 2017 is 0.484p in the £ which would assume rates payable of £4,392.30 assuming no transitional relief or premium.
No 31 comprises a ground floor retail premises with single glazed double frontage windows to the High Street.
The first floor is separately assessed and has a ratable value of £2,425 which would assume rates payable of £1,173.70
The retail area has a suspended ceiling with spot lighting and wooden floors. The majority of the walls are plaster boarded and painted with the exception of part of the rear wall which is exposed brick.
LEGAL COSTS
There is a WC and T Point at the rear.
Each party to bear their own legal costs however the incoming tenant will be required to give an undertaking via their Solicitors to pay the landlords reasonable abortive legal costs should they withdraw from the transaction once papers have been issued.
Mains electric and drainage are connected to the property.
SERVICES
No 31a comprises the first floor above the retail premises which can also be made available by separate negotiation. The landlords are willing to incorporate this to provide either further retail space or storage space.
We understand that mains electric and mains drainage are connected.
SERVICE CHARGE A service charge will be payable to cover the upkeep and maintenance of the common external and internal areas
ACCOMMODATION The property has the following measurements:No 31
VAT It should be noted that the above figures are exclusive of VAT which the landlord may have a duty or a wish to impose
Zone A Zone B T Point
297 sq ft 96 sq ft 16 sq ft
Shop width
4.5m
27.64 sqm 8.96 sqm 1.47 sqm
EPC An EPC will be available for inspection
VIEWING
The current retail area is 6.6m deep however removal of a partition wall would increase this to 9.1m with part of the partitioned space including the T Point, WC and a staircase
Strictly via the sole agents
First Floor
[email protected] First Floor
378 sq ft
35.11 sqm
TERMS The ground floor retail unit at No 31 is available to let by way of a new lease for a term of years to be agreed at a rental of £18,000 per annum plus VAT.
Amanda Lawrence