Location
The property is located in the heart of the Raglan Shopping Centre which has frontages to both Chaldon Road and Town End. The unit is located in close proximity to 2 car parks; one behind the property serving the Centre itself and the second being the Council Car Park positioned to the right hand side of the shop.
Description/Accommodation
The property forms part of a purpose built retail parade with an extensive frontage to the inner courtyard of the Shopping Centre. plus a substantial lower ground floor area and goods lift to the ground floor plus rear service road.
The lower ground floor benefits from pedestrian access via the rear service road as well as internal stairs from the ground floor. In addition the lower ground floor has two W/C’s as well as a small kitchenette as well as air conditioning and overhead lighting.
The current Planning use is Class E and would suit a variety of uses including retail, medical/health and leisure, subject to any necessary consents.
Approximate net internal areas
Ground Floor
197.4 sq m - 2,125 sq ft
Lower Ground
230.9 sq m - 2,485 sq ft
Total
428.3 sq m - 4,610 sq ft
Terms
Each floor is available on a new lease for a minimum term of 5 years on an effective full repairing and insuring Lease, subject to Contract and VAT.
The rent for the Ground Floor unit is £25,000 per annum exclusive and the rent for the Lower Ground Floor unit is £15,000 per annum exclusive.
Alternatively, a single lease over both floors is available for a combined rent of £35,000 per annum exclusive.
Business Rates
According to the Government website the Rateable Value is £27,000. The UBR for 2023/24 is 49.9p in the £.
Legal costs
Easy Party to be responsible for their own legal costs incurred in this transaction
Energy Performance Certificate
The Energy Performance Rating for the ground floor retail unit is B (39)
More informationArrange an inspection
Strictly by appointment with Sole Agents
Gildersleve & Payne: 01883 723888
Nick Payne
Email: nickp@gpcommercial.co.uk
David Sutton
Email: davids@gpcommercial.co.uk
Property Misdescriptions Act 1991 Please note the agents have not carried out a survey, have not made planning enquiries nor tested any of the equipment, apparatus, fixtures, fittings, services or land and are therefore not able to verify their condition, or suitability for their purpose
Code of Practice Applicants should be aware that the code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified Surveyor, Solicitor or Licenced Conveyencer before agreeing or signing a Business Tenancy Agreement. The Code is available through professional institutions and trade associations or through the website www.leasingbusinesspremises.co.uk
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