Key Information
- £15,000 per annum exclusive
- £175,000 for the freehold interest
- NIA 850 sqft (78.97sqm) sales area
- Nearby retailers include Specsavers, British Hearth Foundation, B&M and Ryman's
- £15,000 per annum exclusive £175,000 for the freehold interest
The property comprises of a three storey retail premises with sales space and ancillary storage on the ground floor with the first and second floor providing office accommodation, kitchenette facilities and W/C.
Location
Long Eaton is a market town of circa 38,000 people located between Nottingham and Derby, situated approximately 8 miles and 10 miles from either City Centre respectively. The town benefits from excellent road connections, adjacent to the A52 which links Nottingham to Derby and provides access to Junction 25 of the M1 Motorway. The property is located on High Street, the main pedestrianised retail pitch within Long Eaton and benefits from multiple national occupiers such as Greggs, B&M, Card Factory, Bonmarche, Boots, Subway and Natwest.
VAT
All figures quoted are exclusive of VAT. The property is not registered for VAT.
Rates
Property Description: Shop & Premises Rateable Value: £13,500 Rates Payable: £6,736.50 (based on the small business rates of 49.9p, effective until March 2025). All retail, leisure and hospitality users will be entitled to 75% rates relief or rates payable up until April 2025. (Source: VOA)
EPC
The premises have an EPC assessment of C - 69.
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
We understand the property benefits from planning consent for the following uses: Class E (Commercial, Business and Services use). Making the premises suitable for uses such as a shop, cafe, restaurant, office, clinics, health centre and day nurseries. (This information is given for guidance purposes only and prospective parties are advised to make their own enquiries of the local authority).
Viewing
Viewings are by appointment with sole agents Innes England