LARGE RETAIL UNIT: TO LET OR FOR SALE, REDDITCH
£40,000 per annum (exclusive of rates)
Large retail premises located in the heart of Redditch Town Centre. Close to two entrances to the popular Kingfisher Shopping Centre and Evesham Street. Nearby occupiers include Lloyds Bank, Cancer Research, Paddy Power, Natwest, etc.Download PDF
These large retail premises are well located in the heart of Redditch Town Centre, directly opposite St Stephens Church. The property is close to two entrances to the popular Kingfisher Shopping Centre and Evesham Street. Nearby occupiers include Lloyds Bank, Cancer Research, Paddy Power, Natwest, etc.
The premises comprise a large retail unit with ground, first and second floors plus basement.
Approximate internal dimensions and areas are detailed below:
INTERNAL WIDTH (MAX) 57’6” 17.5 m
NET FRONTAGE 56’6” 17.2 m
SHOP DEPTH 108’3” 33.0 m
SALES AREA 5500 sq ft 511 sq m
STORE ADJOINING LIFT 108 sq ft 10 sq m
STORAGE 2052 sq ft 191 sq m
STORE ADJOINING LIFT 166 sq ft 15 sq m
SECOND FLOOR 1801 sq ft 167 sq m
BASEMENT 516 sq ft 48 sq m
The property is available by way of a new fully repairing and insuring lease for a term of years to be agreed upon.
£40,000 pa (exclusive of rates).
A sale of the long leasehold interest, which is for a term of 99 years (less 10 days) from 24 June 1973 at nil rental, would be considered.
We are advised that the rating assessment is as follows:
Rateable Value: £86,000
Rates Payable 2018-2019: £42,398
Please contact the Local Authority for further information.
ENERGY PERFORMANCE CERTIFICATE
A copy of the certificate will be available shortly.
SERVICE CHARGE & INSURANCE
The ingoing tenant will be responsible for the payment of a variable service charge, which is currently approximately £1,909.60 (inclusive of VAT) per quarter. This includes use of the loading bay and access for deliveries. Building insurance is approximately £882.63 (inclusive of VAT).
Each party is to be responsible for their own legal costs incurred in this transaction.
We understand that VAT is not payable on the rental, however, interested parties are advised to make their own enquiries.
Strictly by prior appointment with AMT Commercial on
01527 821 111