Property Description

***BUSINESS UNAFFECTED BY SALE*** Location: Located in a prominent position opposite the Royal Mail sorting office and McDonalds, within 5 minutes walking distance of the market square and other town centre amenities, including bus stops/interchange and the rail station. Also, equally close to Chatsworth Road regarded as one of the towns most sought-after locations with a wealth of independent shops, restaurants, bars and cafes. Floorspace: Net internal area over three floors: 1566 sqft / 145.5 sqm. The lease also includes tenant living accommodation on the second and third floor. Lease Details: Let to Fothergill’s (Hairdressers) on a 5-year lease commencing September 2021 at an annual rent of £7,500 per annum (£4.79 per sqft). A new 6-year lease term with a rent review after the third year has been agreed at £8,000 per annum (£5.11 per sqft), to be granted prior to auction. The Legal Pack will include a copy of the new lease. Note: The legal pack will be available prior to the auction. This will include the usual searches, title information including copies of the lease(s) and information concerning service charges and any tenant rent arrears together with contract and transfer documentation.

Note

The property tinted in pink on the plan is subject to rights of access to 29 – 37 West Bars tinted in brown.

Tenure

Freehold

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