Unit 19 Kingfisher Square, Kingfisher Shopping Centre, Redditch, B97 4EY

LOCATION
The premises are well located within the Kingfisher Shopping Centre. The unit is adjacent to Burger King and Wilko, directly opposite McDonalds and close to Nandos, Prezzo, Subway, Bodycare and Poundland.

DESCRIPTION
The premises comprise a former restaurant.

ACCOMMODATION
Approximate internal dimensions and areas are detailed below:

GROUND FLOOR
TOTAL FLOOR AREA 2480 sq ft 230 sq m

LEASE
The property is held on a 20 year lease from 4.1.2019, subject to 5 yearly rent reviews. The lease contains tenant break clauses on 4.1.2029 and 4.1.2034

RENTAL
£80,000 pa (exclusive of rates). The existing tenants will consider a rental subsidy /incentives.

RATING ASSESSMENT
We are advised that the rating assessment is as follows:
Rateable Value: £59,000
Please contact the Local Authority for further information.

ENERGY PERFORMANCE CERTIFICATE
The premises have a rating of 66 (Band C). A copy of the certificate is available upon request.

SERVICE CHARGE
The ingoing tenant will be responsible for the payment of a service charge, which is currently £21,063 per annum plus VAT.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in this transaction.

VAT
We understand that VAT is payable on the rental, however, interested parties are advised to make their own enquiries.