Property Description
Accommodation
The premises have been measured on a Net Internal Area (NIA) basis in accordance with the RICS Code of Measuring Practice:
Frontage, Shop & Side Entrance: 26’0”
Depth of Shop: 115’0”
Ground Floor Sales: 2,400 sq ft
Basement:
First & Second Floor offices to the front: 1,400 sq ft
Two toilets
Total Area: 3,800 sq ft
Town Planning
The shop has a long established use as A1 retail use.
The shop is situated in a Conservation area.
Fittings
Fitted display cabinet, counters, light fittings, changing cubicles – all included in the lease
Services
Mains electric, water and drainage.
Air conditioning to ground floor.
Non Domestic Rates
The current Rateable Value, last assessed in 2017 is £18,750.00.
(This is not the amount of business rates payable).
VAT
The landlord currently does not charge VAT on the rents, but reserves the right to do so in future years.
Energy Performance Certificate
Legal costs
The landlord and tenant will pay their own legal costs in respect of the new lease documentation.
Rent
£27,500 pa
Specification and floor areas
- Use: Retail /Class E
- Net Internal Floor Area
| Measurement | imperial | metric |
|---|
| Ground Floor | 25,834 sq.ft | 2,400 sq.m |
| First Floor | 15,070 sq.ft | 1,400 sq.m |
| Total Floor Area |
40,904 sq.ft |
3,800 sq.m |
Financials
To let: (subject to contract)
- Rent £330,000 pax.
- Minimum lease term 3 years.
- Full repairing and insuring
- Rateable Value of this property: £18,750.
Rates Payable 2022/2023: £9,356
Agent's Disclaimer
Messrs. Raybould & Sons, for themselves and for the Vendors of this property whose Agents they are, give notice that: 1. These particulars do not constitute any part of, an offer or a Contract. 2. All statements contained in these particulars as to this property are made
without responsibility on the part of Messrs. Raybould & Sons, or the Vendor. 3. None of the statements contained in these particulars are to be relied on as statements or representations of fact. 3. Any intending Purchaser must satisfy himself by inspection or otherwise
as to the correctness of each of the statements contained in these particulars. 5. The Vendor does not make or give, and neither Messrs. Raybould & Sons, nor any person in their employment has any authority to make or give, any representation or warranty whatever in
relation to this property. 6. Dimension, distances and floor areas are approximate and given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the guide figures given. 7. Information on tenure or vacancies is provided in good
faith and prospective purchasers should have the information verified by their solicitors prior to purchase. 8. Information on rating assessments, availability of services and Town and Country planning matters have been obtained by an oral enquiry to the appropriate
authorities. Messrs. Raybould & Sons do not warrant that there are no connection charges inherent in the availability of services to the unit.
Plans/drawings for this property:
Property Location
Sadlergate is a pedestrianised street, situated in the heart of the Cathedral Quarter, rated best High Street in the UK, 2016, in an area which in the last 10 years has reaped the benefit of Historic England’s grant scheme to restore 100 shop fronts back to the original Victorian style.
In addition to the retail offer, almost adjoining, the Council have built a 34,000 sq ft office scheme known as Sadler Bridge Studios, large enough to house 36 businesses.
Sadlergate is the home of the famous coaching inn the Old Bell Hotel, restored to its former glory a few years ago.
Nearby, on St. Mary’s Gate, former offices are to be converted to 50 upmarket apartments. On Victoria Street, St. James Securities are currently building 259 flats.
On The Strand the Museum and Art Gallery pre-pandemic hosted the Leonardo Da Vinci national cartoon exhibition in the Summer of 2019 with record visitors.
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