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Commercial Property to rent

Market House Arcade, Launceston

Withdrawn from Market £7,950 pa| £663 pcm

Property Description

Key features

  • Retail / Office / Hairdressing Salon 974 sq. ft.
  • Occupying the most prominent part of Market House Shopping Arcade just off Launceston Town Square
  • Flexible Lease Terms Available
  • Superbly fitted and finished as hairdressing salon

Full description

DESCRIPTION
Well positioned commercial unit / retail unit available on new lease at £7,950 per annum.
Currently fitted and finished to a high standard hairdressing salon.

ACCOMMODATION (NIA)  
Main Salon 7.75 x 6.17m
Barber Area 5.77 x 4.62m
Hair Washing Area 3.01 x 5.08m
Separate Toilet 
Store 1.79 x 1.58m
Kitchen 3.14 x 1.59m plus Breakfast area 1.78 x 1.18m

CURRENT FITMENT
The property is beautifully fitted for hairdressing salon with eight stations plus hairdressing area and make-up area.

The current fitment includes a pattern of ceiling lighting with stylish pattern of down lighters and spotlights on track. There are three contemporary heat store radiators plus two other heaters and a music speaker system.

LEASE TERMS
It is envisaged the new lease for the premises will be a minimum of three years but otherwise flexible terms are available. 

The initial rent will be £7,950 per annum exclusive, payable quarterly in advance  on the usual quarter days. 

The Lessee will be responsible for apportioned reimbursement of insurance premiums paid by the Landlord for the protection of the structure and other outgoings including  business rates.   

The Landlord does not require any key money but will be looking for the ingoing tenant to be responsible for their legal fees in setting up the lease agreement with a commitment to such upon instructions form solicitors.

The Lessee will be responsible for payment of the Landlord’s reasonable legal fees in drawing up the licence agreement.

LEGAL COSTS
The prospective tenant will be required to cover the cost of the landlord’s legal fees for the creation of the lease documentation, whether the lease proceeds or not. 

SERVICES
Mains water, with hot water provided with tempest pre-lagged hot water cyclinder. Mains electricity and mains sewerage

RATEABLE VALUE
£6,700.
If these premises are the only property occupied by the tenant there will be opportunity to take advantage of rate relief under the small business premises rate scheme available.

FITTINGS AND FITMENT
The property is available with the benefit of the fixtures and fittings subject to negotiation with the outgoing tenant.




 


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