Property Overview
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- Size:
- 1,031 sq ft / 96 sq m
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- Usage:
- A1
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- Sale Type:
- To Let
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- Rental Income:
- N/A
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- Property Type:
- High Street
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- Auction:
- No
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- Development Opportunity:
- No
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- Investment Opportunity:
- No
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- Tenanted:
- No
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- Energy Rating:
-
F
Supporting Documents
General Summary
DESCRIPTION: A lock-up shop/retail unit with purpose-built splayed shop front containing a recessed doorway with splay space to the right of the doorway and display window to St Leonard’s Road. The premises form part of a purpose-built unit of four shops and four flats. The premises are situated within 10M of Devonshire Road, the principal shopping street of Bexhill, and therefore present an ideal opportunity for town-centre location at a lesser rental value than Western Road and Devonshire Road. The property comprises a retail shop with spacious basement below.
LOCATION: No7 is situated on the north side of St Leonard’s Road, approximately 10M from the intersection with Devonshire Road, with Lloyds Bank on one corner and Natwest Bank on the other corner. The retail shop is therefore located in a good central position, close to all amenities, including Bexhill Station/ library/seafront.
AREA: Please note, all measurements quoted on net internal area, (NIA), according to RICS Code of Measuring Practice.
Total Ground Floor Area 558 SqFt (51.87 SqM)
Main Sales Area ITZA 430 Units
Basement Area 1 473 SqFt (43.95 SqM)
LEASE: The existing lease for assignment is for fifteen years with five-yearly, upwards only rent reviews from 25th March 2002 at a current rental of £9,250 per annum with effect from 25th March 2012. The present tenant is desirous of assigning the remainder of the lease, being approximately 4½ years unexpired. The lease provides for full repairing and insuring terms for the shop, both internal and external, and the tenant has to contribute towards the upkeep of the whole of the building, comprising 5, 7, 9 & 11 St Leonard’s Road. The property has A1 Retail use under the Town & Country Planning Use Classes Order, as amended.
SERVICE CHARGE: The tenant is required to pay 12.5% of the insurance, plus a standing charge based on the same percentage towards the annual costs of the upkeep of the roof, foundations, rainwater pipes, and all matters used in common with the other shops and flats.
EPC: The assignor will provide the assignee with an EPC in accordance with statutory requirements.
RATEABLE VALUE: £7,700 per annum. .
RENT: £9,250 per annum under the existing lease.
COSTS: Each party will be responsible for their own legal costs. The assignee will be responsible for any costs incurred in obtaining the necessary licence to assign, estimated at £350 plus VAT.
VAT: Not applicable to this transaction.
VIEWING: By appointment through owner’s Agents:
Maltbys Chartered Surveyors, 20 Parkhurst Road,
Bexhill-on-Sea, East Sussex, TN40 1DF.
Telephone: 01424 730678
Fax: 01424 212677
Email: [email protected]
Location
No7 is situated on the north side of St Leonard’s Road, approximately 10M from the intersection with Devonshire Road, with Lloyds Bank on one corner and Natwest Bank on the other corner. The retail shop is therefore located in a good central position, close to all amenities, including Bexhill Station/ library/seafront.
