1A Sydney Street,
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Retail and Leisure
438 Sq Ft (40.69 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 22.49 sq m (242 sq ft)
First floor 18.23 sq m (196 sq ft)
Total 40.72 sq m (438 sq ft)
The property comprises a two storey building forming part of a terrace of properties. It has an open plan ground floor shop with store room and WC to the rear. There is futher space arranged over the first floor, which the current tenant also retails from.
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 property is available by way of a lease assignment. The lease is a 10-year term dated 25.06.215 with a passing rent of £15,500 per annum, with 5 yearly rent reviews. The rent is exclusive of rates, building insurance and any other costs.
Premium offers are invited in the region of £15,000.
Rateable Value / Council Tax Band
Rateable Value (2017): £10,500.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (firstname.lastname@example.org).