Location
This unit forms part of a busy parade located at the junction of the A1058 Coast Road with Benton Road approximately 2 miles east of the City centre. The immediate area is a mixture of shops and flats with high levels of potential captive trade in the surrounding housing estates.
The parade is adjacent to a busy roundabout that links Benton Road, Chillingham Road and the A1058 Coast Road. There are extremely high volumes of passing traffic which is often stop start during rush hours.
Description
Comprising of a well-presented ground floor unit which was fully refurbished in 2017. The unit was rewired, fitted with LED lighting, electric heaters, new flooring and had been painted throughout. New kitchen and toilet facilities were installed together with u-pvc double glazed windows and doors. The unit was a gift shop and Cambridge Diet centre but would be suitable for a variety of uses, subject to the landlord’s consent.
Accommodation
The property has the following net internal areas:
Ground Floor
Front retail area 26.3 sq.m. (283 sq.ft.)
Rear area 1 12.2 sq.m. (131 sq.ft.)
Rear area 2 7.8 sq.m. (84 sq.ft.)
Kitchen 5.8 sq.m. (62 sq.ft.)
W.C.
External
Shared rear access.
Terms
The property is available on the remainder of a 7 year lease from March 2022 at a rent of £9,160 per annum, payable monthly in advance.
VAT
All figures quoted exclude VAT if applicable.
Legal Costs
The ingoing tenant will be responsible for the landlord’s legal costs in the assignment.
Business Rates
We are verbally informed that the premises are assessed as follows:
Description Rateable Value
Shop & Premises £6,400
Rates free incentives subject to status.
EPC
Rating D.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
