103 Church Street, Malvern

LOCATION
This former Halifax unit is situated in an excellent trading position in the centre of Malvern being on the junction with Graham Road.
Malvern is home to numerous multiple occupiers including Waitrose, Fat Face, Howden Insurance, Caffe Nero, Crew Clothing, SeaSalt etc.

ACCOMMODATION
The premises have been fully refurbished to a very high standard throughout to include air source heating and cooling, commercial lighting track, a ramp and disabled toilet, stock room, staff kitchen, fully compliant fire alarm etc.

Approximate Gross Floor Areas are detailed below:

GROUND FLOOR
GROSS GROUND FLOOR 1200 sq ft 111 sq m
BASEMENT 435 sq ft 40 sq m

LEASE
The property is available by way of a new fully repairing and insuring lease for a term of years to be agreed upon in multiples of 5 years. The lease will contain annual RPI increases capped and collared at 3% & 5.5%.

RENTAL
£27,500 pa (exclusive of rates) for the Ground Floor only.
The Basement is available if required at an additional rental.

RATING ASSESSMENT
The property is to be re-assessed for Rating Purposes.

ENERGY PERFORMANCE CERTIFICATE
The premises have a rating of 52 (Band C). This is due to be re-assessed following the refurbishment works and a rating of Band B is anticipated.

BUILDING INSURANCE & SERVICE CHARGE
The tenant will be responsible for a contribution towards the cost of building insurance and service charge.

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.