Prominent Retail/Leisure Opportunity
The subjects comprise a ground floor retail unit with basement, contained within an imposing 5 storey traditional corner granite building. The ground floor is accessed via a recessed, columned doorway on the corner of the building which is currently configured as a bank premises with public area, cash counter and 4 meeting rooms. There are also WCs and a tea prep area. The basement is predominately used as storage and split into two large rooms. The upper floors, known as Alford House, are used as office accommodation and accessed via a separate entrance on Alford Place. The property benefits from a dedicated car park to the rear with c. 8 spaces. Tenure The property is held under an existing lease expiring 23rd June 2021. Our client is seeking to assign their leasehold interest but will also consider sub-letting. Consideration may also be given to a new longer term lease direct from the landlord. Rent Upon application. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £46,750.00 and the rates payable are £22,907.50 pa. The UBR for 2019/2020 is 49.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
The subject property occupies a prominent position on what is locally known as "Holburn Junction", overlooking Union Street, the city's main commercial thoroughfare, Holburn Street and Alford Place. The surrounding buildings are occupied predominately by retail occupiers including Starbucks and Sainsbury's Local, however, there is also 200,000 sq ft of office accommodation located nearby in The Silver Fin Building and The Capitol where occupiers include PwC, Dentons, Orega, Chrysaor and Barclays. The subject property also lies on the periphery of the city’s West End office district where other energy and professional services firms including BOS, Simmons & Company and Brodies LLP are located. Further amenity such as Park Inn by Radisson, Travelodge and Nuffield Health are within walking distance.