King Street, Sudbury CO10 Retail property (high street) to rent - £1,125 pcm (£260 pw)

LOCATION
LOCATION

The premises are located within the Borehamgate Shopping Centre. The Borehamgate Shopping Centre adjoins the bus station and provides an important pedestrian link from that, the railway station and carparks adjacent to Roys and Waitrose with the prime shopping areas within the town. Other occupiers within the scheme include The Job Centre, the Post Office, the RSPCA and Premier Travel.

Sudbury itself is a busy and expanding market town with a population of around 25,000 (including Gt Cornard) but which serves a catchment population estimated at around 55,000. The town is situated some 14 miles south of Bury St Edmunds, 15 miles northwest of Colchester and some 23 miles from the county town of Ipswich. There are branch line train services from Sudbury to London’s Liverpool Street via Marks Tey taking approximately 70 minutes.

DESCRIPTION
The property comprises a ground floor lockup shop unit formerly used as a café and retail shop. The facade is fully glazed and is accessed via a pedestrian door directly from the main pedestrianised, part covered courtyard area. There is rear servicing off the Great Eastern Road.

RATES
The rateable value is £9,400 (Multiplier for the current year is 49.9p) Qualifying applicants would qualify from 100% small business rates relief.

SERVICE CHARGE
A service charge is levied in respect of the maintenance and management of the shopping centre. The budget for the current year is approximately £3,600 per annum.

VATThe property is elected for VAT purposes so VAT is chargeable on the rent and service charge.

TERMS
The premises are available on a new lease on effectively full repairing and insuring terms but for a term to be agreed. The lease will exclude S24-26 of the Landlord and Tenant Act 1954.

RENT £13,500 per annum exclusive, plus VAT

RENT DEPOSIT
The tenant will be required to lodge a rent deposit equating to 3 months’ rent plus a sum equal to the vat on that amount.

EPC
Energy Rating B. Certificate valid until 29th May 2035.ACCOMMODATION
The shop provides the following accommodation but please note that all areas and dimensions are approximate:

Shop Width 17’2” (5.25m)

Shop Depth 48” (14.65m)

Net Sales Area772sq. ft. (71m²)

Rear LobbyDoor providing rear loading.

Customer ToiletsWith 2 w.c’sSERVICES
All main services are connected.
TERMS
The premises are available on a new lease on effectively full repairing and insuring terms but for a term to be agreed. The lease will exclude S24-26 of the Landlord and Tenant Act 1954. OUTGOINGS
The rateable value is £9,400 (Multiplier for the current year is 49.9p) Qualifying applicants would qualify from 100% small business rates relief.VAT
The property is elected for VAT purposes so VAT is chargeable on the rent and service charge.LEGAL COSTS
Each party to bear their own costsSERVICE CHARGE
A service charge is levied in respect of the maintenance and management of the shopping centre. The budget for the current year is approximately £3,600 per annum.VIEWING
By confirmed prior appointment with the agent:
Birchall Steel Ltd –[use Contact Agent Button]