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Retail Property (high street) to rent

19 Princes Street, Yeovil, Somerset, BA20 1EN

415 sq. ft. | £11,500 pa| £958 pcm

Property Description

Commercial information

  • 415 sq ft (38 sq m)

Full description

Tenure: Leasehold

LOCATION

The property is centrally located within Yeovil town centre. Princes Street is one of the main retail streets within the town. It links the town centre with Yeovil Hospital.

Other occupiers on Princes Street include Ask, Prezzo, Connells, The Winking Frog and the Emporium.

DESCRIPTION

The property comprises a single fronted lock up shop. It is configured to provide two retail areas. The rear area incorporates an integral kitchenette. There is in addition a single WC. A single car parking space could be made available by separate negotiation.

This space is currently occupied by Martin & Co, as residential letting agent. The property benefits from a suspended ceiling and IT trunking.

ACCOMMODATION - all areas are approximate

Front retail area 25.74 sq m (277 sq ft)
Rear retail area 12.81 sq m (138 sq ft)
Total 38.55 sq m (415 sq ft)

There is, in addition, a cellar currently utilised for storage purposes.

SERVICES

The property has the benefit of a WC, mains electric and electric heating.

No tests have been carried out in relation to services, nor are we able to comment on their condition.

TENURE

Leasehold. The shop is offered by way of an assignment of an existing lease. The lease is dated April 2012 for a term of 10 years expiring on 22nd April 2022.

The rent passing under the terms of the lease is currently 9,500 per annum. There is a rent review due in April 2017 and the revised rent at this date has been agreed between the parties at a figure of 11,500 per annum.

LEGAL FEES AND INGOING COSTS

Each party to be responsible for their own costs incurred. The costs of the landlord will be met by the current tenant. The ingoing tenant will be expected to provide a satisfactory bank reference together with a deposit.

BUSINESS RATES (VOA listing 2010)

Description - Shop & premises
Rateable Value - 10,500.

ENERGY PERFORMANCE CERTIFICATE

Certificate no. 0980-3598-0399-7890-5060
Asset rating - 162
FINANCE ACT 1989

Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT).


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