Retail Unit to Let

The property comprises a ground floor retail unit within a two storey building. The demise includes a banking hall with ancillary strong room and an office to the rear. The upper floors have been let on a separate residential lease. Tenure An assignment of an existing effectively Fully Repairing and Insuring lease expiring 29th April 2027. There is a tenant only break option dated 30th April 2022. Rent The current passing rent is £22,500 per annum. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £19,500 and the rates payable are £9,360 pa. The UBR for 2018/2019 is 48p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The property is located on St Marys on the Isles of Scilly. The Isles of Scilly are located off the Cornwall coast. St Marys is the largest of the islands and is accessed via a 20 minute flight from the UK mainland. The property is situated on Hugh Street, surrounding occupiers include a mix of independents and national occupiers such as Co-op Food store, Lloyds Bank and Seasalt.

Sizes and Measurements

Total Size

1,139sqft

Sales Area

1,139sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,139sqft

Status

Available

Available from

Now

Lease Information & Charges

Lease type

Assignment

For rent

Price On Application

UBR

48p

Ratable Value

£19,500.00

Business Rates

£9,360/pa

Specification

  • Popular Seaside Town
  • Prime Retail Pitch
  • Prominent Location

Floorplan

Photos

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