SHOP LEASE AVAILABLE

The property is arranged over ground and first floor, providing the following approximate floor areas: Tenure The premises are held on a lease expiring 04 April 2027.  There is a tenant only break option dated 04 April 2022.  Next rent review 29 September 2016. Rent The current passing rent is £22,500 per annum exclusive. Terms Incentives are available subject to covenant strength. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £14,500 and the rates payable are £6,989 pa. The UBR for 2015/2016 is 48.2p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
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Location Description

The subject property is well located on the Caerleon Road.  Retailers within close proximity include Boots, The Post Office, Greggs as well as a number of local independent retailers.

Sizes and Measurements

Total Size

1,654sqft

Sales Area

1,654sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,427sqft

Status

Available

Available from

Immediately

First Floor Ancillary

Details

Retail

Size

227sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Available from

Immediately

Lease type

New

For rent

Price On Application

UBR

49.9p

Ratable Value

£14,500.00

Business Rates

£7,235.50/pa

Specification

  • A2 use
  • Rear servicing from Durham Road
  • Incentives available

Map Data
Map data ©2017 Google
Map DataMap data ©2017 Google
Map data ©2017 Google
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