TO LET ON LEASE 126 ABBEY STREET NUNEATON CV11 CV11 5BZ 5BZ
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Newly Refurbished and Extended Retail Shop Premises To Let On Lease
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Sales Area Up to 232.25 m² (2 (2,500 ft²) Approx
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Additional Storage Accommodation at First Floor Level
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Rear Car Park Attached
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Forming Part Of The Pedestrianised Town Centre Being Close To The Market Place And Rope Walk Shopping Complex
126 Abbey Street, Nuneaton
LOCATION The subject property is located in a good trading position fronting directly on to pedestrianised Abbey Street almost directly facing Stratford Street and close to the commercial heart of the Nuneaton, a short distance from the Market Place and the town’s Rope Walk Shopping Complex. The Coventry Building Society, Halifax, Poundland, Going Places, Reveal Clothing and Pizza Hut are all close by. In addition there are a number of pay and display public car parks within easy reach as well as the property’s own private car park which is accessed from the rear directly off the town’s inner ring road via a service road serving the nearby Abbey Gate Shopping Centre. DESCRIPTION The property comprises newly refurbished and extended Town Centre commercial premises over three floors consisting of spacious retail sales area which has the benefit of a new suspended ceiling throughout with inset lighting incorporated. The premises lend themselves to a variety of A1 retail use, as well as to A2 business uses and similarly A3 restaurant uses subject to Local Authority consent. A particular feature of the property is the proposed rear car park facility providing adjacent free car parking for customers along with the potential for a second retail shop frontage. ACCOMMODATION On the Ground Floor:Floor:Sales Area Up to 232.25 232.25 M² (2 (2500 Ft²) With modern suspended ceiling incorporating inset lighting and with ramp and steps access between the lower front sales area and higher rear sales area. Inner Lobby Area With staircase access to first floor accommodation. Kitchenette Kitchenette/Ladies ette/Ladies W.C. On the First Floor: Floor:Storage 77.85 77.85 M² (838 Ft²) Ft²) Comprising eight store rooms/offices and kitchenette area Gents W.C. On the Second Floor:Floor:Storage 79.52 M² (856 Ft²) Comprising two store rooms/offices. RATING The rating details are as follows:Rateable Value as at 1.4.10 - £29,250 The up to date Uniform Business Rate details are available on application LEASE TERMS The property is available on flexible terms by way of a new full repairing and insuring lease for a term of years to be agreed.
126 Abbey Street, Nuneaton
Rent £29,000 per annum (reduced from £35,000 for immediate letting. LEGAL COSTS The ingoing tenant will be responsible for the Landlord’s legal costs in this case including the stamp duty payable on the counterpart lease and VAT as appropriate. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail:
[email protected] (Ref. JRP)
Subject Property for illustrative purposes only
126 Abbey Street, Nuneaton
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.