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Retail and Leisure
674 Sq Ft (62.61 Sq M)
The property is situated in the popular and highly desired North Laine area of the city and is located on the western side of Sydney Street.
Sydney Street forms part of the North Laine area of the city and is a very busy pedestrian thoroughfare throughout all seasons, with its unique and historic style, surrounded by a sought after and densely populated residential area.
North Laine retail unit
Ground floor 27.03 sq m (291 sq ft)
First floor 32.24 sq m (347 sq ft)
Total 62.63 sq m (674 sq ft)
The property comprises a two storey building forming part of a terrace of properties. It is a well presented ground floor shop with an office / store room arranged over the first floor, a kitchen and a WC located outside and to the rear. The shop benefits from an attractive floor to ceiling glass frontage.
The property has the following approximate Net Internal Areas (NIA):
Ground floor 327 sq ft 30.42 sq m
First floor 347 sq ft 32.21 sq m
Total 674 sq ft 62.63 sq m
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
Rents and prices are quoted exclusive of, but may be subject to VAT.
Each party to bear their own legal costs incurred.
The lease is a 10-year term dated 29th April 2016 and is offered by way of an assignment. The next rent review is due in April 2021 and we understand the lease is outside of the Landlord and Tenant Act. The rent is £21,500 per annum, exclusive of rates, building insurance, service.
Interested parties would be required to offer a personal guarantee. charge, heating, lighting etc.
Premium offers are invited in the region of £30,000.
Rateable Value / Council Tax Band
Rateable Value (2017): £15,750.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (email@example.com).