The demise available is a ground floor only unit. The ground floor was previously occupied by customer facing bank branch. A strong room is located on the ground floor to the rear of the site. The unit can only be used for bank branch operation, due to a restrictive lease clause. Tenure The property is held on an existing FRI lease due to expire June 2065 at a passing rent of £7,300 per annum exclusive with no rent reviews contracted before the end of the lease. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment from bank operators only. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £30,750.00 and the rates payable are £14,760.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
Realla offers the most powerful commercial property search in the UK. The retail property segment is the second largest commercial property for sale category after commercial land for sale. Retail units for sale constitute 23% of the whole market. There are over 2,700 retail units for sale spanning across the entire country with a total stock square footage of over 146 million sq ft. Realla attacks hundreds of thousands of retail tenants every month to find a perfect space for their retail brands.