LEASEHOLD INTEREST ONLY
The demise available is ground, first and second floor demise. The ground floor was previously occupied by customer facing bank branch, with upper parts as storage and staff rooms. A strong room is located on the ground floor with an ATM to the front of the property, on the right hand side. Tenure The property is held on an existing FRI lease due to expire 16 April 2022 at a passing rent of £30,000 per annum exclusive with no rent reviews contracted before the end of the lease. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers invited on the basis of assignment or sub-lease at a rent of £30,000 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £27,404.00 and the rates payable are £12,770.26 pa. The UBR for 2017/2018 is 46.60p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
The property is located in the village of Stopsley, approximately 2 miles north-east of Luton, and approximately 4 miles north east of Junction 10 of the M1. The property is located on a well-let high street, adjacent to national occupiers including Ladbrokes and Co-Op Food Stores, a district centre for local consumers. A promap is on the reverse of these particulars identifying the property.