Retail Property (high street) to rent

5 Newport Street

2,929 sq. ft. | £29,475 pa| £2,456 pcm

Property Description

Commercial information

  • 2,929 sq ft (272 sq m)

Key features

  • Mid terraced retail property
  • Well established retail location in Bolton Town Centre
  • Newport Street to benefit from Regeneration Scheme
  • Nearby occupiers such as WHSmith, BHS, Costa Coffee and HSBC
  • Good pedestrian flow to immediate vicinity
  • Walking distance from Bolton's Bus & Train Stations
  • Arranged over ground, first and second floor levels
  • Additional basement retail/storage accommodation
  • 29,475 per annum exclusive

Full description

LOCATION
The subject property is situated fronting directly onto the pedestrianised section of Newport Street, Bolton, which is one of the main retail thoroughfares running through Bolton Town Centre.

The subject property forms part of an established parade with a mix of retailers, including notable and well established high street occupiers such as Greggs, Coral, Rymans, Betfred, Brighthouse and Bon Marche, to name but a few. The property also lies in close proximity to Bolton Town Hall and Victoria Square where other well known high street occupiers are located such as Barclays Bank Plc, HSBC Bank, WHSmith and Costa Coffee.

DESCRIPTION
The subject property comprises a prominent mid terraced retail property arranged over ground, first and second floor levels plus additional basement retail/storage accommodation. At ground floor level the property is entered via a centrally positioned pedestrian doorway set within an aluminium framed glazed display frontage. To the front of the unit there is a small display area at street level. The retail space then steps up to the remainder of the ground floor accommodation which is regular in shape and is open plan.

The first floor accommodation also provides additional retail space which again is open plan and regular shaped. At second floor level there is a staff room plus ancillary storage accommodation.

REGENERATION PROJECT
This key pedestrian route into Bolton Town Centre will benefit from new shop frontages and new street paving, seating, lighting and trees.

For further information please contact Bolton Metropolitan Borough Council on 01204 333333.

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

Ground Floor (Retail) 75.91 Sq m (817 Sq ft)
First Floor (Retail) 83.93 Sq m (903 Sq ft)
Second Floor (Storage & Ancillary) 79.02 Sq m (851 Sq ft)
Basement (Retail/Stores) 34.18 sq m (368 Sq ft)
TOTAL: 275.04 Sq m (2,939 Sq ft)

SERVICES
We understand that all mains services are connected to the subject property.

Please note that none of the service installations or appliances have been tested by Lamb & Swift Commercial prior to marketing and subsequently we are unable to comment on their adequacy or condition.

BUSINESS RATES
Rateable Value: £28,500 (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 & RENTAL
The subject property is available by way of a new Full Repairing and Insuring Lease for a term of years to be agreed. The commencing rental is £29,475 per annum exclusive.

INCENTIVES
12 months rent free on a minimum 3 year lease - subject to tenant status.

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.

VIEWING
Strictly by appointment with sole agents,
LAMB & SWIFT COMMERCIAL.
Contact: Daniel Westwell and Andrew Kerr


More information from this agent

Nearest stations

  • Bolton (0.3 mi)
  • Hall i' th' Wood (1.5 mi)
  • Moses Gate (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lamb & Swift Commercial, Bolton

179 Chorley New Road Bolton BL1 4QZ

01204 299116 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bolton (0.3 mi)
  • Hall i' th' Wood (1.5 mi)
  • Moses Gate (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lamb & Swift Commercial, Bolton

179 Chorley New Road Bolton BL1 4QZ

01204 299116 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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