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Market Place, Shepton Mallet

Turnover rent year 1 P.O.A.

  • Prominent Position
  • Extensive Frontage
  • Potential To Split
  • G F Sales 2260 Sqft
  • Total Area 4359 Sqft
  • Basement Storage
  • Goods Lift
  • Turnover Rent First Year
Brief Description
Substantial retail premises in a prominent position fronting onto the Market Place at the heart of the Town Centre. Arranged over 2 main floors the premises comprise a main ground floor sales area of 2260 sq ft with a further 624 sq ft of ancillary space and a further 1475 sq ft within the lower ground floor which has access from a rear service area and a goods lift. The premises have extensive frontage with the potential to be split into smaller unit shops.


Full Description



LOCATION

Shepton Mallet is a market town located within the Mendip Hills. Other nearby towns include Wells, Street and Frome and it's close to the major cities of Bath and Bristol. Shepton Mallet is the administrative centre of Mendip District with a population of over 8,500. Central Shepton Mallet contains a variety of retailers from independent traders to national chains.


DESCRIPTION

The premises occupy a prominent location within the town's Market Place. The premises and adjacent Academy Theatre are shortly to be refurbished.


ACCOMMODATION

The premises are arranged over ground floor and lower ground floor with the following dimensions:
Ground Floor Sales: 2,260 sq ft (210 sq m)
Ground Floor Ancillary: 624 sq ft (58 sq m)
Lower Ground Floor: 1,475 sq ft (137 sq m)
Total: 4,359 sq ft (405 sq m)
The premises are able to be subdivided into up to
three separate units if required (subject to necessary consents)


SERVICES

We are advised that mains water, drainage, electricity and gas are connected to the property. We confirm that we have not tested any of the service installations and any prospective occupier should satisfy themselves independently as to the state and condition of such items.


TENURE

The premises are available by way of a new full repairing and insuring lease for a term of years to be negotiated.


FIXTURES AND FITTINGS

All fixtures and fittings are specifically excluded unless mentioned in these particulars. No tests have been carried out on any appliances or services at the premises and neither the vendors or their agents give any warranty as to their condition. Prospective occupiers should make their own investigations.

RENT

£48,000 per annum exclusive.For any occupier that is new to Shepton, including Start up enterprises, our clients are prepared to offer a turnover rent arrangement for the first year (terms and conditions apply).

RATES

Based on an interogation of the Valuation Office website we are advised that the property has a rateable vale of £19,250 but recommend that all interested parties make their own enquiries.

VIEWING ARRANGEMENTS

Strictly by appointment with the joint agents:
Paul Knight
Tel: 01749 676023
Fax: 08714 334162
Email: paul@paul-knight.co.uk or
Alder King
FAO: Claire Elderfield
Tel: 01823 445084
Fax: 01823 443877
Email: celderfield@alderking.com

VAT

Any reference to price, premium or rent is deemed to be exclusive of VAT unless expressly stated otherwise. Any offers receive will be assumed to be net of VAT unless stated otherwise.

LEASE CODE

A commercial lease is a significant and complex undertaking.
Before entering into any such agreement be sure to consult with a surveyor and/or solicitor or read either , Thinking of Renting a Business Property or ideally, A Code of Practice for Commercial Leases in England and Wales.
Alternatively you may wish to visit: www.commercialleasecodeew.co.uk


Please note that nothing in these particulars constitute part or all of any contract, and no contract will exist, or be deemed to exist until formal documentation in writing has been completed by both parties and approved by our clients solicitor.
Prospective tenants must satisfy themselves as to the accuracy of any details given to them either verbally, or within this, or any other document provided; and neither the Owners, nor their Agents, shall be liable for any inaccuracies.


Viewing
Please contact our PJK Chartered Surveyors Office on 01749 676023 if you wish to arrange a viewing appointment for this property or require further information.

Disclaimer
PJK Chartered Surveyors endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.