West Bars, Chesterfield, S40

Highly flexible town centre commercial unit offering retail/ professional space in a prominent position in the heart of Chesterfield town centre. It is currently let to Thorn Baker Industrial Recruitment under the terms of a five-year lease commencing from April 2021.

Terms
Offered To Let' on new lease/leases term and terms negotiable.

Envisaged is a minimum five year lease to be granted effectively on full repairing and insuring terms in the Landlords standard modern form and in compliance with the principles of the Code for Leasing Practice - longer term in multiples of three years available by negotiation as required.

Rent is quoted exclusive of VAT and the usual tenants outgoings, which will be payable in addition to the rent where required.

Please note any alternate uses or configurations referred to may be subject to obtaining planning permission or building regulation approval, which will be entirely the responsibility of the incoming tenant.

Insurance
Payable annually to reimburse the Landlords property owner's insurance premium costs.

Possession
The premises are available immediately.

Services
Mains electricity, water and drainage services have previously been connected to serve the premises, please contact us to discuss any specific requirements for your desired use and to confirm the continuance of supply as required.

Local Authority
Chesterfield Borough Council

Non Domestic Rates
Entered in the Rating List at £4,800 rateable value under the description of Shop and Premises. Small business relief will apply for qualifying businesses.

References
References will be required to include Bank/financial, two trade or two professional references in satisfactory terms - upon letting to a limited company three years audited trading accounts will be required for consideration, otherwise Directors sureties and/or suitable rent deposit may be required in confirmation of financial standing.

Costs
A reservation fee of £295.00 plus VAT will be payable upon acceptance of an offer, upon receipt of which the property will be marked as under offer and formal Heads of Terms will be prepared and issued to the solicitors accordingly.

Each party are to bear their own legal costs for the preparation and grant of the formal lease documentation, and the tenant to be responsible for registration with Land Registry and any Stamp Duty payments where required or applicable.

Where the incoming tenants represent themselves, they will be expected to pay a contribution towards the Landlords legal costs in connection with the preparation and grant of the required new lease of £500.00 plus VAT - payable upon agreeance of terms, the amount of which may be retained to defray abortive costs should the documentation be prepared and submitted and the tenants fail to proceed, or will be taken towards the first months rent upon signing of the lease.

Material Information
Prime retail frontage in the heart of Chesterfield Town Centre
Conventional masonry construction.
Powered coated aluminium framed double glazed windows and doors
Air-conditioning ground floor commercial space
Ground Floor NIA – 76.02 sq.m./ 818 sq.ft.
Ground floor rating list entry - £11,000 under the description of Shop and Premises
Parking – there is no parking with the property, but parking is available in the vicinity
Ground Floor EPC Rating – TBC.

Parking - On street

The premises are located in the town centre where there is a variety of parking available. There is a paid car park immediately the the rear which belongs to the neighbouring Sun Inn.