|Size||300 sq ft|
|Rent||£11,500 per annum|
The shop occupies a prominent trading location opposite the junction of South Street, The Woolmead and The Borough with the pedestrian crossing immediately outside the property. Nearby retailers include WH Smith, Headmasters, Clinton Cards, Barclays Bank and Sainsburys.
Work has now commenced by Crest Nicholson on the redevelopment of the south side of The Woolmead known as The Brightwells Regeneration Project. This will provide new shopping and restaurant facilities between East and South street including a new store for M&S Simply Food, a cinema together with restaurants that include Carluccio’s, Byron and ASK. Furthermore 240 new homes will be provided with associated car parking. Once completed this redevelopment will further improve South Street as a destination for shoppers.
The premises provide the following approximate dimensions and areas.
|Ground Floor Area||300 sq.ft||27.87 sq.m|
The premises are held on a 10 year full and repairing insuring lease from 25th March 2015 at a current rental of £11500 per annum exclusive of rates and VAT (if applicable). There is a rent review in March 2020.
The premises are available by way of assignment or potentially on a sub-lease on a co-terminus basis.
Each party is to be responsible for their own legal costs incurred.
An EPC is arranged and this will be available upon request.
We are advised by Waverley Borough Council that the rating assessment for this property is as follows:-
Rateable Value 2017/2018 £11,500.
Small business rates relief may apply.