Retail Property (high street) to rentHigh Street, Barrow upon Soar, Loughborough
An excellent opportunity to lease retail premises, formerly the Barrow Post Office, on a popular village High Street and with the option to rent out the self-contained, three-bedroomed flat above. The sales area extends to 40.9 sq. m. (439 sq. ft.) with the former sorting office measuring 34.7 sq. m (374 sq. ft.) and offering potential to extend the retail space. Barrow is an attractive and popular village lying close to Loughborough and within easy reach of Leicester. The hairdressing salon is not included.
Situation - The property is situated on the east side of High Street in the heart of the village of Barrow upon Soar. Barrow is a popular village with a population of approximately 5000 and sitting on the River Soar about 3.5 miles drive fro the centre of Loughborough and 8 miles north of Leicester, both readily accessible via the nearby A6.
Barrow also has a railway station with regular services to Leicester and Loughborough.
Occupiers on High Street include The Co-op, Boots the Chemist and a Santander agency alongside a range of local traders.
Description - The property comprises the former Barrow Post Office having ground floor retail accommodation with the former sorting office to the rear offering the opportunity to extend the sales area.
There is also a self-contained, three-bedroomed first floor flat and room for off-road parking to the rear of the building.
Accommodation - The property has the following net internal floor areas which have been measured in accordance with the RICS Code of Measuring Practice.
Retail Shop 40.8 sq. m. (439 sq. ft.)
Stores 34.7 sq. m. (374 sq. ft.)
The first floor flat comprises a lounge, dining kitchen, 3 bedrooms and a bathroom.
Services - The property is connected to main electricity, gas, water and drainage services. The ground floor accommodation is unheated and the flat has the benefit of central heating radiators from a gas-fired boiler.
Please note that we have not tested any of the services/installations and we are therefore unable to give any guarantee of their reliability and working order.
Planning - The ground floor has the benefit of Planning Permission for A1 Retail Use.
Interested parties are advised to make their own enquiries at Charnwood Borough Council on 01509 263151.
Business Rates - The commercial part of the property is described in the 2010 Rating List as Post Office and Premises with a Rateable Value of £4,650. Under current regulations, no business rates are payable.
The flat is valued within Band C for Council Tax purposes.
Lease - The property is held under a lease on full repairing and insuring terms for 15 years from 1st March 2009 at a current rent of £17,000 per annum. The next rent review is on 1st March 2018.
Rent - £17,000 per annum
Energy Performance Certificate - An EPC has been requested and will be available for inspection shortly.
Costs - Each party will be responsible for their own legal costs incurred in respect of this transaction.
Value Added Tax - VAT is not payable on the rent.
Possession - Vacant possession will be granted on completion of legal formalities.
Viewings - Strictly by arrangement with the sole agents, Andrew Granger & Co. Please call Kevin Skipworth on 0116 2429938 or 07860 550282.
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