Shop to Let
Corner shop plus first floor office on popular street in Yeovil.
Available either by way of an assignment or sub-lease Shop unit approx. 487 sq. ft.
The property is located on the corner of Hendford and the Waterloo Lane in Yeovil town centre. Other occupiers in close proximity are Red Berry Recruitment, Tesco Superstore and Nat West Bank.
The property comprises a double fronted shop unit with office accommodation on the first floor which is accessed via an internal stair case. To the rear of the property is a shared kitchen and WC with further office / storage area accessed from the kitchen. Internally the property has many period features including exposed beams.
ACCOMMODATION (All areas are approximate net internal and provided only for guidance purposes.)
Shop 45.24 sq. m / 487 sq. ft.
1st Floor office 37.63 sq. m / 405 sq. ft.
Office / Storage 26.58 sq. m / 286 sq. ft. .
Total 109.45 sq. m / 1,178 sq. ft.
The property has the benefit of a mains electric water and drainage. No tests have been carried out in relation to services, nor are we able to comment on their condition.
Leasehold. The shop is offered by way of an assignment of an existing lease or by a sub-lease. The lease, dated 8th January 2006, is for a term of 15 years expiring on 31st October 2020. There are two sub-tenants who occupy part of the building which is outside of the scope of these particulars. The sub-tenants are paying a combined rent of £12,500 per annum.
£26,500 per annum for the whole, with £12,500 being paid by the sub-tenats.
LEGAL AND OTHER INGOING COSTS
Each party to be responsible for their own legal costs. The ingoing tenant will be expected to provide such credit checks as may reasonably be required.
RATEABLE VALUE (VOA Listing 2017)
Description Shop & premises Rateable Value £8,500
FINANCE ACT 1989
VAT is not payable on the rent.
For further information please contact the Sole Agents, Chesters Commercial Ltd:
Telephone: (01935) 415454