Retail Unit to Let

The property comprises a ground floor retail unit, currently arranged as a banking hall to the front and ancillary accommodation to the rear, with a return frontage onto Mermond Place. Tenure An assignment of an existing effectively Fully Repairing and Insuring lease expiring 14th June 2027. There is a tenant only break option dated 14th June 2022. Rent The current passing rent is £23,000 per annum. The next rent review is dated 25th December 2022. Rates From information provided by the Valuation Office website we are informed that the current rateable value of the bank is £12,250. 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.
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Location Description

Swanage is a popular coastal town in South East Dorset on the Isle of Purbeck, approximately 6 miles south of Poole and 25 miles east of Dorchester. Much of the local economy is supported by the tourism industry and second home owners. The property is situated on the east side of Station Road in a prime pitch, with surrounding occupiers including Greggs, Nationwide, Budgens and WH Smith.

Sizes and Measurements

Total Size

1,136sqft

Sales Area

1,136sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,136sqft

Status

Available

Available from

Now

Lease Information & Charges

Lease type

Assignment

For rent

£23,000/pa

UBR

48p

Ratable Value

£12,250.00

Business Rates

£5,880/pa

Specification

  • Popular Seaside Town
  •  Prime Retail Pitch
  •  Return Frontage

Floorplan

Photos

Map Data
Map data ©2018 Google
Map DataMap data ©2018 Google
Map data ©2018 Google
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