The bank is arranged over ground, first and second floors. Ground floor consists of the banking hall, with office space on the upper floors. Tenure The property is held on an existing FRI lease due to expire 17/02/2026, with a break option on 17/02/2021. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £35,000 pa. Rates We understand from the VOA website that the current Rateable Value of the shop is £24,250 and the rates payable are £11,906 pa. The UBR for 2019/2020 is 49.1p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.Less
Frinton-on-Sea is a small coastal town in Essex, close to Colchester and Clacton-on-Sea. The property is situated in a prime position on the main high street in the town, nearby national occupiers including Costa, Superdrug and Sainsbury’s Local.