Bear Lanes, Newtown, Powys, SY16

An excellent Corner Retail Unit situated in Bear Lanes Shopping Centre with nearby retailers such as Peacocks, Superdrug and The Works.
Convenient access onto Broad Street and High Street together with zebra crossing on Back Lane over to the Council carpark and bus station.
Ideal opportunity to take over the premises in a prime location on the walk through the shopping centre.
Newtown is situated on the banks of the River Severn and has a railway station, situated 35 miles to the market town of Shrewsbury and the coastal town of Aberystwyth 48 miles away.
There is an assignment of the existing lease recently traded as a bargain and convenience store and previously Clarks showroom for a number of years.
Expressions of interest sought with incentives available.

The accommodation comprises:
Ground Floor:
Corner Retail Shop Unit 92.41 sq.m with double entrance doors, oak flooring and carpet.
Plant Room
Rear door to communal passageway which leads to delivery area.
Staircase to first floor.
2 Storerooms 81.57 sq.m
Kitchen 3.76m x 2.38m
Cloakroom with WC and washbasin.

SERVICES
Mains electricity, water and drainage.

BUSINESS RATES:
Rateable Value: £19,250 per annum (1st April 2023)

SERVICE CHARGE:
£298 per month

LEASE:
There is an existing 5 year lease in place from 9th September 2024. Clients are looking to assign the lease.
There is a rent review on 9th September 2027.