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Retail Property (high street) to rent

30 Hotel Street

33,971 sq. ft. | POA

Property Description

Commercial information

  • 33,971 sq ft (3,156 sq m)

Key features

  • Prime Town Centre location
  • Highly visible dual fronted unit
  • Forms part of the well established Crompton Place Shopping Centre
  • The Unit is adjacent to Clarks, Boots and Marks & Spencer located opposite
  • Other retailers in close proximity include BHS, Ernest Jones and Primark
  • Will split to suit smaller requirements

Full description

LOCATION
The property is situated in a prime location on a prominent corner position at the junction of Hotel Street and Mealhouse Lane. The Unit forms part of the Crompton Place, one of the main covered Shopping Centres in the Town, with access from both the street and the Centre itself.

DESCRIPTION
The subject property is arranged over 3 floors. Internally the Unit comprises of an extensive retail unit, with ground and first floors currently fitted out for fashion retail and the second floor comprising of clad steel frame box stock rooms.
The ground floor retail element is accessed from street/mall level from Hotel Street and within the Crompton Place.
There are further facilities available off the shop floor between ground, first and second floor levels via an additional stairway and lift.

The accommodation can be split to suit smaller requirements.

ACCOMMODATION
In accordance with the RICS Code of Measuring Practice (6th Edition), we have calculated the following Net Internal Areas:

Ground floor sales 1,243 sq m (13,379 sq ft)
First floor sales 1,228 sq m (13,218 sq ft)
Second floor sales 686 sq m (7,384 sq ft)
Total 3,157 sq m (33,981 sq ft)

SERVICES
The mains services connected to the property externally to include water, electricity supply and of course mains drainage.
Please note that Lamb & Swift Commercial have not tested any of the service installations or appliances connected to the property.

BUSINESS RATES
Rateable Value: £305,000 (2017 Rating List)

The Standard Uniform Business Rate for the 2017/2018 Financial Year is 0.479 pence in the £, or £0.466 pence in the £ for qualifying small businesses.

LEASE TERMS AND RENTAL
The property is available by way of a new effective Full Repairing and Insuring Lease for a term of years to be agreed.
Rent on application.

SERVICE CHARGE
£93,573 per annum

VAT
VAT may be applicable, and if so, will be charged at the prevailing rate.

LEGAL COSTS
Each party are to be responsible for their own legal costs involved in the transaction.

EPC
Available upon request.

VIEWING
Strictly by appointment with joint agents,

LAMB & SWIFT COMMERCIAL.
Contact: Nick Swift, Andrew Kerr

FAWCETT MEAD
Contact: Aaron Bell
Tel: 0207 182 7486
Contact: Stuart Kearney
Tel: 0207 182 7496
Contact: Vincent Morris
Tel: 0207 182 7485


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