Substantial Ground Floor Retail Unit in Prominent High Street Location
To let - £55,000 per annum exclusive 4,264 Sq Ft (396.13 Sq M)
121 High Street, Sittingbourne, Kent, ME10 4AQ
Property description
The property comprises a substantial open plan unit on ground floor, currently in shell finish. The retail unit has an extensive glazed frontage extending to 27 ft 9 inches (8.5 metres). The ground floor is predominantly sales with a rear entrance, goods lift stairs to first floor and WC. It has an approximate floor to ceiling height of 11ft 9 inches (3.6 metres). At the rear is rear loading and up to 3 car parking spaces.
Location
Situated between the Medway towns of Rochester/Chatham/Gillingham to the west, Maidstone to the south and Canterbury to the east, Sittingbourne, with a population in the region of 50,000, is an established retail location supported by a substantial industrial hinterland. This substantial retail unit is prominently situated in the prime High Street between Wimpy and Lloyds Bank. Other retailers in the vicinity include Boots Chemist, Paddy Power, Boyce's Bakery, Tui Travel Agents, Santander Bank, Holland and Barratt, HSBC Bank, Portman Smile Clinic, Starbucks, Boots Opticians, Greggs, etc. The Forum Shopping Centre, the new Spirit of Sittingbourne restaurant and Light multiplex cinema are are only a few hundred yards away as is Sittingbourne mainline railway station and the bus stop.
Accommodation
The premises have been stripped the unit back to 'shell' finish so that the ingoing tenant can fit out to their requirements. All measurements are approximate: Ground Floor: Shop Front: 27' 9'' (8.5 m)Max width: 37' 3'' (11.4 m) Max retail depth: 110' 9'' (33.8 m)Total Sales: 3,826 sq ft (355.4 sq m)Ancillary: 438 sq ft (40.6 sq m) Total Ground Floor Area: 4,264 sq ft (396.0 sq m) There is parking for up to 3 cars at the rear (plus additional paid for parking with Swale Borough Council nearby). UTILITIES:3 phase electricityMains water and drainageGas not connected
Terms
To let on a new 10 year lease with a 5th year rent review on tenant's full repairing and insuring terms. Offers are invited in excess of £55,000 per annum exclusive for the ground floor only. Rent payable quarterly in advance. VAT is payable in addition to the rent.
Price
Offers are invited in excess of £55,000 per annum exclusive for the ground floor only.Rent payable quarterly in advance.VAT is payable in addition to the rent.SERVICE CHARGE:There will be a service charge covering the structure and exterior of the premises and management.
Rateable Value
Description: Shop and PremisesRateable Value for ground and first floor: £50,500 (from 1 April 2023)To be reassessed down once the first floor is removed from the assessment. Potential applicants are advised to check with the Local Rating Authority, Swale Borough Council (01795 417454, ndr@swale.gov.uk) for the actual business rates payable.
Planning & Building Regulations
The property was previously used as a retail shop. Under the recently amended Town & Country (Uses Classes) Order 1987, the unit falls within Class E (Commercial Business and Services). It is therefore considered that the property can be used for a variety of uses including retail, restaurant, medical, creche and fitness. It is the responsibility of the tenant to satisfy themselves that the intended use of the property complies with the relevant planning permission and building regulations in force at the time of the purchase or letting.
Legal Costs
Each party to be responsible for their own legal costs.
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