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Commercial Property to rent

Mill Street, Oakham

Let Agreed £9,000 pa| £750 pcm

Property Description

Key features

  • TO LET RENT FREE TO 25/03/2017
  • Ground-floor Retail Unit
  • Town Centre Location
  • Approx. 560 Sq.Ft.
  • Retail Area
  • Office/Storage Area
  • Kitchenette, WC
  • Good Display Windows
  • Rental: 9,000 + VAT
  • Energy Rating: TBC

Full description




This unit is available to let to the right tenant RENT FREE up until 25th March 2017.

Rent Free Period - This unit is available to let to the right tenant RENT FREE up until 25th March 2017.

General Description - A retail unit located in the popular commercial development of the Maltings in the Rutland market town of Oakham.

The unit occupies a good corner position within The Maltings development. The Maltings links a very popular retail area Mill Street with Crown Walk which in turn links through to Oakham's High Street.

The unit has good display dual aspect windows, oak effect flooring, spot lighting and electric storage heaters.

Oakham - Oakham is a delightful market town, the capital and epicentre of Rutland. It has a good shopping centre extending along the High Street with a good range of both privately owned and nationally owned outlets catering for most needs. Being the administrative capital for the county a number of people from outlying areas also visit the town, particularly on market days, Wednesday and Saturday. Also the two supermarkets within the town, Tesco and Co-op.

For commercial and industrial businesses there are good sites locally and for communications there is a British Rail station in the town which connects to Leicester, Birmingham in the Midlands and Peterborough and London in the East.

Accommodation -

Ground Floor -

Retail Area - 5.23m x 4.47m + 4.24m x 5.84m (17'2" x 14'8" + 13' - The front section of the retail area is 17'2" x 14'8"(5.23m x 4.47m) narrowing to 13'11" x 19'2" (4.24m x 5.84m) at the rear.

Oak flooring, spot lighting, good dual aspect display windows to Crown Street and the Malting, electric heaters.

Kitchenette - 1.96m x 1.42m (6'5" x 4'8") - Stainless steel sink set within unit with electric water heater below, fitted shelving to part of walls.

Toilet - Low level W.C., wash hand basin.

Rental - The asking rent for this unit is £9,000 plus Vat and an annual service charge of £1,000 plus Vat per annum.

The rent would be reviewed three yearly in an upwards only direction.

Services - Mains electricity, water and drainage are connected.

None of the services, fittings, or appliances (if any) heating installations, plumbing or electrical systems, telephone or television points have been tested by the Selling Agents.

Rateable Value - Enquiries should be made to Rutland County Council.
Tel No: 01572 722577

Lease - The unit is available on a full internal repairing lease (to include shop fronts and glass). The length of lease is to be negotiated with interested parties.

Service Charge - The external maintenance both for the building and the common areas are dealt with by way of a service charge which is payable in addition to the asking rental, which is payable annually in advance by the tenant.

This includes all maintenance and external cleaning, Christmas trees and lights and all the plants and mangers are replaced twice a year and watered and managed daily.

Insurance - The average annual buildings insurance is approximately £300.00 per shop payable by the Tenant annually in advance.

Legal Fees - The Landlord's reasonable legal expenses incurred in the preparation of the Lease are to be met by the Tenant.

Viewing - Strictly through the Sole Letting Agents:
Messrs Murray, Market Street, Oakham, Rutland. LE15 6DY Tel. No: 01572 755555

Office Opening Hours - Monday - Friday 9.00 - 5.30 Saturday 9.00 - 4.00 Sunday & Bank Holidays 10.00 - 2.00

Disclaimer - 1. The particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract. No responsibility is assumed for the accuracy of individual items. Prospective purchasers and lessees ought to seek their own professional advice. 2. All descriptions, dimensions, area, reference to condition and necessary permission for use and occupation and their details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, or otherwise as to the correctness of each of them. 3. No person in the employment of Messrs Murray has any authority to make or give any representations or warranty whatever in relation to this property or these particulars or enter into any contract relating to this property on behalf of the vendor. 4. No responsibility can be accepted for any expenses incurred by intending purchasers or lessees in inspecting properties which have been sold, let or withdrawn. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. Where any reference is made to planning permission or potential uses, such information is given in good faith. 6. The information in these particulars is given without responsibility on the part of the agents or their clients. These particulars do not form any part of an offer of a contract and neither the agents nor their employees has any authority to make or give any representations or warranty in relation to this property. Money Laundering Regulations 2003 Anti-Money Laundering Regulations came into force in March 2004. These regulations affect estate agents, there will be requirement that Murray's confirm the identity of its seller and buyers.

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