toletonanewanewanewle aseleaselease 128 abbey street ... - Loveitts

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TO LET ON A NEW LEASE 128 ABBEY STREET NUNEATON CV11 5BZ

• Prominently Situated Retail Premises Arranged On Two Floors • Located In The Commercial Pedestrianised Heart Of Nuneaton • Ground Floor Sales Area Approximately 73. 73.04 m² (786 ft²) • Total Net Internal Area About 142. 142.50 m² (1,534 ft²) • Rental: Rental: £17,500 per annum annum • Rental Incentive Available

128 Abbey Street, Nuneaton, CV11 5BZ

LOCATION

Office/Store Office/Store

4.38m² 38m² (47 (47ft²) 47ft²)

The premises are located in the commercial pedestrianised heart of Nuneaton, which is the largest town in the borough of Nuneaton and Bedworth with a population of 71,000 (Census 2001) and a catchment extending to around 120,000.

Kitchenette

6.20m² 20m² (67 (67ft²) 67ft²)

The property is situated amongst a number of predominantly national concerns (Halifax, Bodycare, Specsavers, Poundland, Coral Bookmakers, etc) and close to the Abbeygate Shopping Centre entrance. The premises are also well located for all other town centre amenities (including bus and railway stations) and public car parking facilities. Nuneaton is approximately nine miles north of the City of Coventry and twenty miles east of Birmingham. DESCRIPTION These premises are arranged on two floors and form part of a three storey town centre building. Comprising retail accommodation on the ground floor with office/storage/possible further sales area (subject to obtaining any necessary consents) on the first.

Stairs from Retail Sales Area to: First Floor Office/Storage/Possible (559ft²) 559ft²)

Retail

51. 51.93m² 93m²

Lobby. Off are: Store

6.95m² 95m² (75 (75ft²) 75ft²)

WC TOTAL NET INTERNAL AREA 142. 42.50 M² (1,534 (1,534 Ft²) SERVICES Mains electricity, water and drainage are understood to be installed to the property, subject to connection charges by the utility companies. No tests have been applied. LEASE

Prospective occupiers should rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use.

The lease will be drawn on a tenant’s effective full repairing and insuring basis for a term by agreement (but a minimum of three years is suggested).

Any letting will be subject to the contemporaneous surrender of the current occupier’s lease (RSPCA).

INITIAL RENT

ACCOMMODATION All measurements are approximate and on a net internal area (NIA) basis.

The commencing rental will be £17,500 per annum exclusive. RENTAL INCENTIVE

The premises are currently arranged as follows:-

The premises are available at half rent for the first year (i.e. £8,750 per annum) subject to the tenant committing to a minimum three year term.

Ground Floor

LEGAL COSTS

Retail Sales Area Internal Width (front): Shop Depth (max.):

Incoming tenant to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable.

NET SALES AREA: REA:

6.00m (19’8”) 14.50m (47’7”) 73. 73.04m² 04m² (786 (786ft²) 786ft²)

128 Abbey Street, Nuneaton, CV11 5BZ

VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. Please note that the landlord has elected to charge VAT on the rent.

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.

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 BUSINESS RATES We are informally advised by the Local Authority that the Business Rates assessment is:Rateable Value: £20,500 Please note that this is not the Rates Payable and prospective occupiers are advised to make their own enquiries with the Local Authority for verification of the Rateable Value and confirmation of the amount of Rates Payable. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail: [email protected] (Ref. SRE)

128 Abbey Street, Nuneaton, CV11 5BZ

Subject property for identification purposes only