Murray Estate Agents
CHARTERED SURVEYORS & ESTATE AGENTS
EST. 1812

High Street, Oakham, LE15 6AH

£25,500 Per Annum
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Property description


TO LET ON LEASE

VERY PROMINENT RETAIL UNIT

EXTENDING TO APPROXIMATELY 750 SQ. FT.

The property is a ground floor retail unit located in a very prominent position on the High Street in the centre of the popular Rutland market town of Oakham. The property is well located within the town centre opposite a mini roundabout, on the corner of the High Street and Burley Road.

The accommodation on offer comprises large Retail Room and WC.


GENERAL DESCRIPTION
The property is a ground floor retail unit, located in a very prominent position on the High Street in the centre of the popular Rutland market town of Oakham. The property is well located within the town centre opposite a mini roundabout, on the corner of the High Street and Burley Road.

High Street is the main retail street within the town and is the most popular street in the town for shoppers with retailers ranging from small independents to High Street retailers to include Boots the Chemists, Day Lewis Pharmacy, Fat Face, Timpsons, Caf£ Nero, Costa Coffee, jewelers, electrical retailers, newsagents, florists, etc.

Oakham is the market town of the county of Rutland and has a good catchment area for the villages in close proximity to the town. The town currently has a population of approximately 12,000 people and also has a large public school with around 1,000 pupils all eager to spend their parent s hard earned money.

The property has an overall internal ground floor area of approximately 750 square feet with ground floor accommodation.

ACCOMMODATION

GROUND FLOOR
The floor area is effectively an open plan single room which comprises a front and rear area as detailed below: (approx. 750 sq.ft.)

Retail area (9.37m x 8.13m max (30'9 x 26'8 max))
The retail area is a good size (with ceiling height of 10'7 ) and is well located on the corner of the High Street.

The property has a good display window fronting onto High Street with a central glazed panelled entrance door and a good display window fronting onto Burley Road.

Toilet/WC
Shared toilet within the passageway to the rear.

SERVICES
Mains electricity, Mains drainage and water supply.

None of the services, fittings, or appliances (if any) heating installations, plumbing or electrical systems, telephone or television points have been tested by the Selling Agents.

RENTAL
£25,500.00 plus Vat per annum.

The rent would be reviewed three yearly in an upwards only direction.

RATEABLE VALUE
The property is listed as No. 2 Burley Corner and the rateable value is £14,750 per annum with rates payable of £7,271.75.
All enquiries should be made to Rutland County Council. Tel No: 01572 722577

SERVICE CHARGE
There is a fixed service charge of £1,200 plus Vat per annum. This includes water and sewerage charges.

LEASE
The property is offered available to let on a full repairing and insuring lease. The repairs are carried out by way of a service charge which is divided between the other occupiers of this building (Burley Corner) calculated on a pro rata basis by floor area.

The tenant is to be responsible for business rates and all outgoings for this property.

BURLEY CORNER MANAGEMENT SERVICES
There is a management company in place which deals with the various costs and maintenance issues which arise, associated with a multi occupancy building. Burley Corner Management Services (BCMS) deals with these issues to include installation and maintenance of the fire alarm system, the electricity and water consumed for the common areas, cleaning of the common areas and building maintenance in accordance with the Tenant s obligations under the various leases.

Accounts are prepared on an annual basis on 31st January in each year and an invoice is sent to each Tenant for their proportion of the costs incurred. The cost is estimated in advance and each year the previous years estimate is offset against the actual costs with a balancing credit or debit being passed alongside an estimate for the forthcoming year.

ENERGY RATING
F/144

INSURANCE
The Tenant is to pay the annual buildings insurance premium applicable to this unit annually in advance to the Landlord. The initial payment for the insurance premium due on completion of the lease would be calculated on a pro rata basis from the commencement date up until the renewal date, upon which date the next annual insurance premium would become due. Thereafter the Tenant is to pay the Landlord annually in advance.

LEGAL FEES
It is envisaged that the incoming Tenant would be responsible to pay the Landlord s reasonable legal fees incurred in the preparation of the proposed lease.

AVAILABILITY
The current Tenant is vacating this unit in December 2018

VIEWING
Strictly through the Sole Letting Agents

Messrs Murray, Market Street, Oakham, Rutland. LE15 6DY Tel. No: 01572 755555

DISCLAIMER
1. The particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract. No responsibility is assumed for the accuracy of individual items. Prospective purchasers and lessees ought to seek their own professional advice. 2. All descriptions, dimensions, area, reference to condition and necessary permission for use and occupation and their details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, or otherwise as to the correctness of each of them. 3. No person in the employment of Messrs Murray has any authority to make or give any representations or warranty whatever in relation to this property or these particulars or enter into any contract relating to this property on behalf of the vendor. 4. No responsibility can be accepted for any expenses incurred by intending purchasers or lessees in inspecting properties which have been sold, let or withdrawn. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. Where any reference is made to planning permission or potential uses, such information is given in good faith. 6. The information in these particulars is given without responsibility on the part of the agents or their clients. These particulars do not form any part of an offer of a contract and neither the agents nor their employees has any authority to make or give any representations or warranty in relation to this property. Money Laundering Regulations 2003 Anti-Money Laundering Regulations came into force in March 2004. These regulations affect estate agents, there will be requirement that Murray's confirm the identity of its seller and buyers.


Features

  • To Let on a Lease
  • Very Prominent G/F Retail Unit
  • Approximately 750 Sq.Ft.
  • Town Centre Location
  • Large Retail Room
  • WC
  • Good Display Windows
  • Availability: Dec 2018
  • Rental: £25,500 PA + VAT
  • Energy Rating: F


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