Sadler Street Wells, Somerset, BA5
£1,800 per annum
A1 - Shops To Let
LOCATION
A rare opportunity to rent a ground floor lock-up storage area situated within an attractive courtyard known as heritage courtyard within each access to Wells High Street, Wells Cathedral and the popular Wells Market that is held on a Wednesday and Saturday.
DESCRIPTION
A rare opportunity to rent a ground floor lock-up storage unit.
ACCOMMODATION
The internal accommodation is arranged as follows. Access via communal entrance. Storage area measures 31.83m2 (343ft2). Maximum head height 1.88m lowering to 1.66m in part.
This is ideally suited for storage use, interested parties must ensure that they have the necessary planning consents in respect of use required.
SERVICES
Services: We understand that electricity is connected. Shared services cost to be split with other users. Services and appliances not tested.
TERMS
Lease Terms
Available to let on terms to be negotiated, subject to the following suggested minimum terms:
• Internal repairing and insuring basis.
• Tenant will be responsible for all outgoings including services, business rates etc.
• Tenant to reimburse landlord buildings insurance premium.
• Upward only rent review year 3 to the higher of OMR or RPI linked.
• Tenant will make a contribution towards Landlords legal costs.
• A deposit will be payable.
• Service charge of circa £300 per annum.
Agents Notes:
The Code of Practice on Commercial Leases in England and Wales recommends that prospective tenants should seek professional advice from a qualified property adviser before entering a legally binding contract. Copies of the Code can be obtained from http://www.leasingbusinesspremises.co.uk
OUTGOINGS
Local Council: Mendip District Council
Business Rates: Rateable value £485pa*
Small business rate relief may apply.
*May require further verification from Mendip District Council.
VAT
VAT: We understand that the property is not elected for VAT.
SERVICE CHARGE
• Service charge of circa £300 per annum.
OTHER
Tenure: To let on new terms to be agreed.
VIEWING
Viewing: By appointment only.
Telephone 03450 347758
Brochure