Murray Estate Agents
CHARTERED SURVEYORS & ESTATE AGENTS
EST. 1812

Mill Street, Oakham, LE15 6EA

9,750 Per Annum Let Agreed
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Property description


GROUND FLOOR RETAIL UNIT

EXTENDING TO APPROXIMATELY 450 SQ. FT INTERNALLY

AVAILABLE BY RE-ASSIGNMENT OF THE EXISTING LEASE

OR ON A NEW LEASE


GENERAL DESCRIPTION
A retail unit extending to approximately 450 sq. ft. and located in the popular commercial development of the Maltings in the Rutland market town of Oakham.

The unit occupies a good, prominent position within The Maltings development and can be seen from Mill Street. The Maltings links a very popular retail area Mill Street with Crown Walk which in turn links through to Oakham's High Street.

The unit has good display dual aspect windows, wood effect flooring and spot lighting.

OAKHAM
Oakham is a delightful market town, the capital and epicentre of Rutland. It has a good shopping centre extending along the High Street with a good range of both privately owned and nationally owned outlets catering for most needs. Being the administrative capital for the county a number of people from outlying areas also visit the town, particularly on market days, Wednesday and Saturday. Also the two supermarkets within the town, Tesco and Co-op.

For commercial and industrial businesses there are good sites locally and for communications there is a British Rail station in the town which connects to Leicester, Birmingham in the Midlands and Peterborough and London in the East.

ACCOMMODATION

GROUND FLOOR

Retail Area

Kitchenette (1.96m x 1.42m (6'5 x 4'8 ))
With electric water heater.

Toilet
With low level WC.

RENTAL
The asking rent for this unit is 9,750 plus VAT payable quarterly in advance. The rent would be reviewed three yearly in an upwards only direction.

SERVICES
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.

RATEABLE VALUE
Enquiries should be made to Rutland County Council - tel No: 01572 722577.

LEASE
The unit is available either on a new lease or an assignment of the existing lease to a new Tenant. The current lease runs until February 2022 and there is a Tenant only break in February 2019. The length of the new lease is to be negotiated with interested parties.

SERVICE CHARGE
The external maintenance both for the building and the common areas are dealt with by way of a service charge which is payable in addition to the asking rental, which is payable annually in advance by the tenant. There is a service charge of 900 plus VAT per annum, and this includes all maintenance and external cleaning, Christmas trees and lights and all the plants and mangers are replaced twice a year and watered and managed daily.

INSURANCE
The average annual buildings insurance is approximately 250.00 plus VAT per shop payable by the Tenant annually in advance.

LEGAL FEES
The Landlord's reasonable legal expenses incurred in the preparation of the Lease are to be met by the Tenant.

VIEWING
Strictly through the Sole Letting Agents:
Messrs Murray, Market Street, Oakham, Rutland. LE15 6DY Tel. No: 01572 755555

OFFICE OPENING HOURS
Monday - Friday 9.00 - 5.30 Saturday 9.00 - 4.00 Sunday & Bank Holidays 10.00 - 2.00

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

  • G/F Retail Unit
  • Approx. 450 Sq Ft
  • Prominent Position
  • Town Centre Retail Area
  • Retail Area, Kitchenette, WC
  • Good Display Windows
  • Rental: £9,750 PA
  • Energy Rating: TBC


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