The property occupies a prominent location between the St Andrews Street entrances to the Grand Arcade and Lion Yard shopping centres and directly opposite H&M and Zara. Other nearby occupiers include a Jones footwear, Thomas Cook and Ted Baker.
The property is available on a new 10 or 15 year full repairing and insuring Lease outside the Landlord and Tenant Act 1954, subject to 5 yearly upwards only rent reviews.
£130,000 per annum, exclusive of business rates and VAT, payable quarterly in advance.
The property has been assessed with an energy rating Grade E (123). The full report is available on request.
The Valuation Office Agency assessment on their website (www.voa.gov.uk) is as follows:
RV 2017 £83,500
Rates Payable £39,996.50
However, interested parties are advised to make their own enquiries of the City Council (01223 457000) including regarding any transitional arrangements.
Each party to be responsible for their own legal costs incurred in the letting.
The property has the following appropriate dimensions:
Internal width 20 ft 11 in 6.37 sq m
Shop depth 58 ft 10 in 17.94 sq m
Ground Floor sales 1,113 sq ft 103.40 sq m
Ground Floor ancillary 323 sq ft 30.00 sq m
Total 1,436 sq ft 133.40 sq m
Basement ancillary 198 sq ft 18.39 sq m
Unused / dilapidated basement 585 sq ft 54.35 sq m
There is a disabled WC and staff facilities on the ground floor and further WCs in the basement.
Note: Proposals are under consideration for the installation of metal railing gates to the adjoining entrance way.
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