Retail Property (high street) to rent

Post Office & Stores

806 sq. ft. | POA

Property Description

Commercial information

  • 806 sq ft (74 sq m)

Full description

LOCATION
The business is in the village of Fleet Hargate about 2 miles east of the town of Holbeach.

DESCRIPTION
At the present time we understand the Post Office appointment is a Community Office and the transfer of this to a proposed purchaser would be subject to the Post Office application procedures.

The building is held on lease and comprises a ground floor small general stores and Post Office, with first floor accommodation currently sub-let for the use as a hair dressing and beauty salon.

ACCOMMODATION
GROUND FLOOR:

Joint Entrance Hallway: 2.29m x 1.81m

Sales Shop/Post Office: 3.9m deep max x 4.55m wide plus entrance recess plus rear recess 2.13m x 1.95m forming Post Office Counter.

Kitchen: 2.33m x 1.79m, Ideal Mexico gas fired boiler, rear entrance door.

Lobby: 1.8m x 0.85m

Separate WC with low level WC.

On a gross internal floor area basis, the ground floor accommodation extends to approximately 33m² (356 sq.ft.)

The existing fixtures and fittings within the shop are included in the sale and include:-

2 chilled drinks cabinets
Sectional shelving on 2 sides and part of the front wall
Ice Cream freezer
Various card and paper display racks
Secure Post Office counter
CCTV

The final Inventory of fixtures and fittings to remain will be subject to a final inventory.

GROUND FLOOR:

HAIRDRESSING AND BEAUTY SALON having joint ground floor entrance.

The gross internal floor area of the first floor extends to approximately 42m² (450 sq.ft.).

The fitting out of the first floor premises has been carried out by the present occupier.

The property fronts direct to the pavement and has a side passageway giving access to a rear garden.

SERVICES
Mains water, electricity, drainage, gas fired central heating.

TERMS
The property is currently held on lease for a term of 10 years from 19 August 2011. There is a mutual break clause in favour of both the tenants and the landlords at the end of year five by either party giving six months´ written notice to the other.
The current rent is £12,400 per annum exclusive.
The tenant is responsible for the payment of all business rates and normal outgoings.
The lease is held by the tenants on a full repairing and insuring basis.
The lease is "contracted out" of the Security Provisions of the Landlord & Tenant Act. However, we understand the landlords have verbally agreed in principle to a lease extension, subject to contract, and upon terms to be agreed.

PLEASE NOTE - THE FIRST FLOOR
The first floor is currently sub-let by the present lessees at a total rent of £4,940 per annum. This rent includes £1,040 per annum towards the cost of utilities including electricity, gas and water which are borne by the lessees.

The sub-lease commenced on the 25th April 2015. The rent is currently paid on a weekly basis.

The sub-lease is for an initial term of 12 months with a break clause in favour of the tenant at the end of 6 months.

The Agreement states that the Agreement shall be reviewed and can be renewed on a yearly basis prior to the 25th April in that year.

The sub-tenant is responsible for the payment of any business rates in respect of the first floor accommodation.

OUTGOINGS
Rateable Value First Floor: £1,550 (2010 List)
Rateable Value Ground Floor: £1,750 (2010 List)
Interested parties are advised to make their own enquiries direct with South
Holland District Council as to the precise amount of rates payable.

OTHER
We understand the present Post Office appointment is a community office appointment. The transfer of this appointment would be subject to the rules and requirements of the Post Office.

The Post Office salary is currently £21,223 for the year ending 31st March 2015.

In addition, there are gross sales in the shop amounting to £43,440 for the year ending 31st March 2015.

The business at the present time is run by casual employees owing to other business commitments of the present tenant and business owners.

A copy of the accounts for year ending 31st March 2015 and year ending 31st March 2014 are available to genuinely interested parties subject to the signing of the usual Confidentiality Agreement.

The current opening hours are as follows: Monday to Friday 9.00 am to 5.30 pm - Saturday 9.00 am to 12.30 pm - Closed on Sundays.

It is considered there is scope for expansion in terms of the existing general stores aspect.

VIEWING
Strictly by Appointment with R Longstaff & Co
Commercial Department - 01775 765536
Weekend contact - 01775 766766
Email: commercial@longstaff.com


More information from this agent

Nearest station

  • Spalding (9.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Longstaff Commercial, Spalding

5 New Road, Spalding, PE11 1BS

01775 765536 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 station

  • Spalding (9.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Longstaff Commercial, Spalding

5 New Road, Spalding, PE11 1BS

01775 765536 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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Property reference 101505007173. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Longstaff Commercial, Spalding .

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