Retail Unit to Let
The property is of traditional blockwork construction arranged over two floors with sash wooden windows and a mono-pitched roof. The ground floor comprises a banking hall, meeting rooms, stores and a strong room. The first floor comprises of additional meeting rooms, a kitchenette and staff welfare facilities. The property benefits from 5 car parking spaces to the rear. Tenure An assignment of an existing effectively Fully Repairing and Insuring lease expiring 26th March 2027. There is a tenant only break option dated 26th March 2022. Rent The current passing rent is £18,700 per annum. The next rent review is dated 25th March 2022. Rates From information provided by the Valuation Office website we are informed that the current rateable value of the bank is £16,250. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes. The Uniform Business Rate (UBR) for England for the year 2018/2019 is 48p per pound rateable value.Less
Burnham-on-Sea is located on the North Somerset coast approximately 27 miles south west of Bristol, 9 miles west of Bridgwater and 11 miles south of Weston Super Mare. The town is easily accessed from Junction 22 of the M5 motorway. The Property is located on the northern section of Victoria Street in the centre of Burnham-on-Sea. Occupiers in the vicinity include Well Pharmacy, William Hill and Nationwide.