1 The Maltings, Mill Street, Oakham LE15 6EA

Prime Retail Unit on Mill Street in Oakham

£9,950 per annum plus VAT

365 sq ft
(33.91 sq m)

Size - 365 Sq Ft
Rent - £9,950 per annum plus VAT
VAT - Applicable
Service Charge - £750 per annum + VAT
Business Rates - RV £9,500 Small Business Rates Relief should be available to qualifying businesses
Legal Fees - Both parties will be responsible for their own fees. There is a Tenant contribution of £750 + VAT towards the Landlords Legal costs to be paid prior to the drafting of the lease
EPC - B (43)

A Grade 2 listed building constructed of Ironstone with window frontage directly on to Mill Street. Open plan ground floor shop with large window frontage. Store room and w/c to the rear. Total space approximately 365 square feet.

The property is not suitable for a Food Takeaway outlet as there is no extraction.

Location - The Maltings is located on Mill Street, a popular retail and food shopping Street in the Centre of Oakham with No 1´s shop window fronting directly onto Mill Street which has vehicular and pedestrian traffic. Surrounding the shop there are other retail outlets including Art Galleries, Jewellers, Hairdressers and Food Outlets.

Accommodation - The retail unit has low ceilings and has alcoves which lend themselves to retail displays. The shop is open plan and has a WC and Kitchen to the rear.

Terms - A new 5-year lease will be created. The initial passing rent is £9,950 + VAT per annum. A 3 months rent deposit and a personal guarantee may be required. There is a service charge for the maintenance of The Maltings external areas. For the first year this has been set at £750 + VAT The tenant will contribute to the Landlords Buildings Insurance.

There is a Tenant contribution of £750 + VAT towards the Landlords Legal costs to be paid prior to the drafting of the lease.