About this property

Detailed Description

The property comprises of a mid-terraced retail unit with a full glazed frontage. The accommodation is rectangular. The depth of the unit allows for storage at the rear if required. To one side is a well fitted kitchenette areas and a WC. The main front area is finished with a laminate flooring. There is an additional rear access from Wharf Rd/Canal St where there is a privately run public car park.

The unit benefits from LED lighting, power points and electric heating.

Location

The property is located at the top end of Carolgate just on the edge of the pedestrian area. With its prominent location it benefits from both frontage to Carolgate as well as full visibility to traffic using New Street. The East Street car park is close by with 166 spaces.

Retford is a vibrant and attractive market town with an immediate population of approx. 22,000 and a 10 mile radius population of 216,700 (Source EGi. Town Report).

Accommodation

Approx. net internal floor area:

177 sq m (1,905 sq ft)

Business Rates

The property may benefit from Small Business Rates Relief which may reduce the rates payable. Please contact the agents for more information.

The property is assessed to rateable value £10,000 giving a full rates payable of £4,990 for 2022/23. Qualifying business should be able to claim 100% Small Business Rates Relief based on this assessment.

Note: The above assessment appears to be for only part of the unit and so the unit may be subject to re-assessment by The VOA giving a higher rates payable and hence also affecting any rates relief.

Legal Costs

Each party to pay their own.

Terms

To let on a new lease for a term of years to be agreed (a 5 year term is anticipated) at a quoting rent of £17,500 pa + VAT.
The landlord will require a rent deposit - amount to be agreed.