The property is arranged over ground and first floor. The ground floor comprises a banking hall, interview rooms and office space. The first floor provides ancillary storage space, a kitchen and a WC. Tenure The property is held on an existing FRI lease due to expire 17/03/2026 with a break option on 17/03/2021. Offers accepted on the basis of assignment or sub-lease at the passing rent of £31,000 per annum exclusive. Service Charge Available on request Rates We understand from the VOA website that the current Rateable Value of the shop is £36,500 and the rates payable are £17,921.50 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
The subject property is situated in prominent location close to the west entrance to St. Johns Shopping Centre. The scheme is anchored by B&M Bargains and other retailers within the scheme include Heron and Card Factory. The property is directly opposite the proposed new Cinema and Restaurant scheme on the former Market Hall site, which is expected to drive substantial footfall to the immediate area.