LARGE RETAIL UNIT: FOR SALE OR TO LET, REDDITCH

7-9 MARKET PLACE, REDDITCH, B98 8AA
£60,000 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.

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LOCATION
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.

DESCRIPTION
The premises comprise a large retail unit with ground, first and second floors plus basement.

ACCOMMODATION
Approximate internal dimensions and areas are detailed below:

GROUND FLOOR
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
FIRST FLOOR
STORAGE 2218 sq ft 206 sq m
SECOND FLOOR 1801 sq ft 167 sq m
BASEMENT 516 sq ft 48 sq m

TOTAL FLOOR AREA 10,143 sq ft 942 sq m

LEASE
The property is available by way of a new fully repairing and insuring lease for a term of years to be agreed upon at rental of £60,000 per annum (exclusive of rates)

FREEHOLD
Price £595,000

RATING ASSESSMENT
We are advised that the rating assessment is as follows:
Rateable Value: £67,000
Please contact the Local Authority for further information on the rates payable for the year 2020-2021

ENERGY PERFORMANCE CERTIFICATE
The property has a rating of 60 (Band C). A copy of the certificate is available upon request.

SERVICE CHARGE & INSURANCE
The ingoing tenant/purchaser will be responsible for the payment of a variable service charge, which is currently approximately £1,900 (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).

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in this transaction.

VAT
We understand that VAT is not payable on the rental/purchase price however, interested parties are advised to make their own enquiries.

VIRTUAL TOUR OF THE PROPERTY
Please click on the following links:

360 Degree External Video –

Internal Video –

VIEWINGS
Strictly by prior appointment with AMT Commercial on
01527 821 111


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