About this property

Detailed Description

The property comprises a lock-up retail unit forming part of Cross Keys Mews in a prominent position close to Iceland, M&Co, Greggs Bakery and Waitrose.

Location

St Neots is a rapidly expanding town located on the banks of the River Great Ouse with a population of well over 30,000 residents. Adjoining and nearby settlements such as Little Paxton, increase the population figure to c. 40,000. The retail catchment is estimated to be in excess of 80,000. St Neots has the fastest rate of population growth within the County.

Benefiting from its rail links to London Kings Cross (typical journey time of 45-55 minutes), the town has seen a considerable expansion of its commerce and industry in recent years. It also enjoys excellent road communications with London and the east coast ports, being located at the intersection of the A1 trunk road and the A428/A421 Cambridge - Bedford M1 - Milton Keynes route. The opening of the A14 and A428 dual carriageways have significantly improved accessibility to the Midlands and the North West.

The town has a good range of shopping and leisure facilities with many national multiple retailers represented, including Boots, Waitrose, Fat Face, Marks & Spencer Simply Food and Waterstones. There are also a range of interesting smaller retailers.

Accomodation

Retail Sales Area 20.1 sq m 216 sq ft

Business Rates

Tenants are advised to contact the Local Authority in order to confirm the amount payable as the property may be eligible for some form of transitional relief.

Services

Mains water, electricity and telecoms are connected to the premises. Drainage is to the mains sewers.

Interested parties are advised to make their own enquiries of the relevant utility companies to ensure that the capacity of services etc is adequate for the proposed business operation.

Viewing

Strictly by appointment with the Letting Agent.

VAT

It is understood that VAT is applicable.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the letting.

Terms

The property is offered on a new full repairing and insuring lease on terms to be agreed.

Service Charge

The tenant is required to contribute towards the costs of buildings insurance, communal lighting, water rates, communal repairs etc and towards a sinking fund.

(For budget purposes only, this is 2.86% of the overall Service Charge equating to £357.50 plus VAT per quarter).