Leather Lounge Premises, 7 Bond Gate, Nuneaton, CV11 4AE
TO LET ON LEASE LEATHER LOUNGE PREMISES 7 BOND GATE NUNEATON CV11 4AE
• Large Retail Showroom Premises To Let On Lease With Potential To SubSub-Divide • Extensive Retail Shop Frontage • Accommodation 297.02m² (3,198ft²) Approx. Overall • Showroom Incorporates Suspended Ceiling With Inset Lighting And New Gas Fired Central Heating Heating Now Installed • Central Location Just Outside The Pedestrianised Heart Of Nuneaton With Prominent Main Road Frontage • Rental £28,000 Per Annum Excl. Excl. For Whole – Flexible Space/Terms Space/Terms Available
Leather Lounge Premises, 7 Bond Gate, Nuneaton, CV11 4AE LOCATION
INITIAL RENTAL RENTAL
The property occupies a prominent corner position fronting directly onto Bond Gate at its junction with Leicester Road just outside the pedestrianised heart of Nuneaton and close to the town’s bus station and railway station.
£28,000 per annum exclusive (for the whole). Flexible terms available.
There are a number of pay-and-display public car parks within short walking distance. DESCRIPTION The property comprises a large retail showroom with extensive shop frontage considered suitable for a variety of retail and potentially other business uses, subject to Local Authority consent benefitting from suspended ceiling throughout with lighting and a new gas fired central heating system recently installed. The premises also offer the opportunity to split to provide for two retail units, each available as lesser rents than obviously quoted for the whole and flexible terms to be agreed. ACCOMMODATION The accommodation comprises large retail showroom accessed off a front entrance vestibule, with small office and WC facilities. SUMMARY OF FLOOR AREAS
Retail Sales Area Office Total
M²
Ft²
292.05
3,144
4.97
54
297.02
3,198
COSTS The ingoing tenant is prepared to pay the landlords reasonable legal costs incurred in connection with this transaction including the Stamp Duty payable on the counterpart lease and VAT as appropriate. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT if applicable. At the time of preparation of these details (August 2015) the lessor had elected not to charge VAT on the rent. FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the letting. LOCAL AUTHORITY Nuneaton and Bedworth Borough Council Town Hall Coton Road NUNEATON Warwickshire CV11 5AA Tel: 024 7637 6376
(All measurements are approximate and on a net internal area basis).
RATES
This space could potentially be split to provide for two units of approximately 1500 ft² each.
We are informally advised by the Local Authority that the current assessment is:-
SERVICES
Rateable Value: £16,000
Mains water, drainage, gas and electricity are connected to the premises.
Prospective occupiers are recommended to make their own enquiries with the Local Authority for verification.
No tests have been applied. LEASE The premises are available on the basis of a new full repairing and insuring lease for a term of years to be agreed, but a six yearly lease term is suggested initially (to exclude the Security of Tenure provisions of the Landlord and Tenant Act 1954,) and subject to a three year upward only rent review.
VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail:
[email protected] (Ref : JRP/MD)
Leather Lounge Premises, 7 Bond Gate, Nuneaton, CV11 4AE
Subject property for identification purposes only
Leather Lounge Premises, 7 Bond Gate, Nuneaton, CV11 4AE Conditions under which particulars are issued: Messrs Loveitts for themselves and for vendors or lessors of this property, whose agent they are, give notice that: i)
The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, or constitute part of, an offer or contract.
ii)
All descriptions, dimensions, reference to conditions and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct and any intended purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.
iii)
No partner or any person in the employment of Loveitts has any authority to make or give any representation or warranty whatever in relation to this property.
iv)
All prices and rents quoted are exclusive of V.A.T. unless otherwise stated.