5 Ladygate Centre, High Street, Wickford, SS12 9AJ

Description
The property comprises a rectangular mid terraced retail unit which forms the under cover part of the Ladygate Centre.

Location
The unit is situated with The Ladygate Centre which lies to the top end of Wickford High Street. Local major retailers include The Co-op, Specsavers, Clarks Shoes, Paddy Power, Card Factory, The Works and Costa Coffee.
Wickford rail station (Liverpool Street) is within a few minutes walk Wickford's main public pay & display car park is to the rear of the property.

Terms
The unit is offered on new effectively full repairing and insuring lease terms to be agreed.

Rent
£20,000 per annum exclusive of service charge, rates, utilities, building insurance and VAT. Rent is payable quarterly in advance on the usual quarter days.

Rateable Value
Rateable Value £14,250

The property's rateable value qualifies for Small Business Rates Relief. Prospective tenants are advised to check their business rates liabilities with Basildon District Council

Service Charge
The property is subject to an annual service charge - £3,671.28 + VAT, and annual insurance premium is £1,166.80 + VAT

Planning and Use
The property falls into Use Class E. Uses that conflict with existing tenants in the Ladygate Centre may not be permitted

VAT
Value added tax is applicable to the rent and service charge.

Legal Costs
Each party to bear their own legal costs.

AMLR
In line with current Anti-Money Laundering Regulations, all prospective tenants or purchasers will be required to provide satisfactory identification and verification documentation before any offer can be accepted. We may undertake electronic checks to comply with these obligations.