Sublease or Assignment In Prominent Town Location

The property is arranged over ground floor only. Tenure The premises are available by way of an assignment of the existing lease expiring 11 January 2027.  There is a tenant only break option on 11 January 2022. Alternatively, the premises are available by way of a sub-lease until December 2021 on terms to be negotiated. Rent £20,000 per annum exclusive. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £20,000.00 and the rates payable are £9,600.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Bourne is a town located c.16 miles north of Peterborough and 15 miles south-east of Grantham.  The town is served by the A15 and the A151 and provides access to the A1 to the West. The property is situated in a prominent and prime position on the west side of North Street, close to its junction with Market Place and West Street. Occupiers close by include Boots, M&Co, Clinton Cards and branches of Lloyds Bank, NatWest and HSBC.

Sizes and Measurements

Total Size

1,866sqft

Sales Area

1,866sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,866sqft

Status

Available

Available from

Now

Lease Information & Charges

Lease End

11/01/2027

Next Lease Break

11/01/2022

Lease type

Assignment

For rent

£20,000/pa

UBR

48p

Ratable Value

£20,000.00

Business Rates

£9,600/pa

Specification

  • Prominent position in a town location
  • Nearby occupiers include Boots, M&Co, Clintons, Lloyds and NatWest

Photos

11 NORTH STREET_ BOURNE

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