Shop to let in Minehead

Shop to let - 5 The Parade, Minehead, UK

Facilities
  • 24 hr Access
  • Offices
  • Retail / Office Use
  • Retail Use
  • Self contained premises
Description

Shop to let in Minehead.Location
Minehead is a popular seaside town on the north-Somerset coast located approximately 25 miles north-west of Taunton. The premises are situated on The Parade, the prime section of Minehead's retailing pitch. Nearby occupiers include Bastins, Age UK, Specsavers, Cancer Research, Santander and British Heart Foundation.

Accommodation
The premises are arranged over ground and first floor levels, providing the following approximate net internal floor areas and dimensions:
Internal Width (max) 22’ 3” (6.79 m_
Shop Depth - 53’ 4” (16.29 m)
Ground Floor Sales - 914 sq ft (84.94 sq m)
Ground Floor Ancillary - 842 sq ft (78.24 sq m)
First Floor Ancillary - 193 sq ft (17.90 sq m)

Tenure
The premises are occupied on a full repairing & insuring lease (subject to schedule of condition) expiring 21st March 2026, with tenant-only break option on 22nd March 2021, at a passing rental of £28,496 per annum exclusive.

Terms
Available by way of an assignment of the existing lease. A sub-lease or new lease may also be considered.

EPC
The property has a rating of D-96.

VAT
All figures quoted are exclusive of VAT.

Costs
Each party to be responsible for their own legal costs incurred.

Rating Assessment
The Valuation Office website states that the premises have been entered into the 2017 Rating List as follows:
Description “Bank and Premises”
Rateable Value £21,000
UBR 2019/2020: 49.1p
Interested parties are advised to make their own enquiries of the Local Billing Authority to ascertain the exact rates payable and whether transitional/small business relief may be available.

Planning
We understand the premises benefits from A2 (Professional & Financial Services) use, with A1 (Retail) use also permitted. Interested parties are advised to make their own enquiries of the Local Planning Authority. Alternative uses may be considered (subject to planning).

Area
1949 sq ft
Security Shutters
No
Use
A2 (Retail/Offices)
Location
City/Town Centre
Minimum Availability
12 Months
Price per annum
£28496
Location
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