LEASEHOLD INTEREST ONLY

The property comprises of the ground floor which consists of the main banking hall, along with meeting and interview rooms. Tenure The property is held on an existing FRI lease due to expire 21/11/2027 at a passing rent of £16,000 per annum exclusive, with a break option scheduled for 21/11/2022 and a rent review scheduled 25/03/2021. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £16,000 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £15,250.00 and the rates payable are £7,320.00 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

Harwich is on the north-eastern coast of Essex, with Ipswich to the north-west and Clacton-on-Sea to the south. It is a well-connected town with hourly trains to the mainline at Manningtree in 22 minutes, which then link to London Liverpool Street in 90 minutes. The subject branch is on the corner of Kingsway and Hordle Street, nearby a number of local and national retailers, including Superdrug and Boots Chemist.

Sizes and Measurements

Total Size

21,890sqft

Sales Area

21,890sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

21,890sqft

Status

Available

Available from

Now

Lease Information & Charges

Lease End

21/11/2027

Lease type

Assignment

For rent

£16,000/pa

UBR

48p

Ratable Value

£15,250.00

Business Rates

£7,320/pa

Floorplan

HARWICH - 48 KINGSWAY

Photos

HARWICH - 48 THE KINGSWAY

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