Corner location in prime retail position

1,200 sq ft retail unit
900 sq ft in basement
Incentives available
£35,000 per annum plus VAT exclusive
Subject to Contract
Strictly by appointment with
Andrew Watton Property Consultants
4020; 14.09.17; WebPost:23.09.17
PDF Link 4020_ToLET_20 High St STROUD GL51AZ_230917
SITUATION the property is situated on the junction of Kendrick Street and High Street being opposite Greggs, Vodafone and Costa Coffee and with the local retailers such as Walkers Bread shop, Kendrick Street Gallery and others in Kendrick Street. Stroud is the third largest town in Gloucestershire and enjoys a wide catchment based upon five valleys including Nailsworth, Stonehouse, Painswick and Chalford. Stroud is well served by the M4 and MS motorways and the town benefits from a regular service to London Paddington.
PREMISES the retail space is found on the ground floor with further space to the basement. The property benefits from an easy staircase from ground floor to the basement. Accordingly it is feasible to consider retail space to both floors.
The landlord is open minded as to the level of restoration works and serious consideration can be given to prospective tenants wishing to 'bespoke' a scheme to suit the business in question. The extent of this opportunity will be dependent upon the nature of the tenant, the length of the lease and the use envisaged.
comprises of: (all dimensions are approximate)
Ground Floor Gross frontage to High Street - 29 ft
Shop depth from High Street - 38 ft
Gross frontage to Kendrick Street - 40 ft
Shop depth from Kendrick Street - 39 ft
Ground Floor Sales Area Basement/Storage - 1,206 sq ft Basement/Storage - 900 sq ft with supporting Kitchen, Staff Room and Toilets.
SERVICES mains electricity, water and drainage are understood to be connected.
LEASE a new lease will be available effectively on a Full Repairing and Insuring basis (by way of a service charge). The commencing rental will be £35,000 per annum, plus VAT. Rent reviews will be five yearly. Incentives available.
OUTGOINGS the Rateable Value in 2017/18 is believed to be £26,000 with Business Rates being payable in this period of £12,454 before any business relief is given if applicable.
COSTS as is normal, the ingoing tenant will be liable for the Landlord's legal costs of the transaction.
for identification purposes only
Andrew Watton - Home
Cornhill Chambers
Union Street, Stroud, Gloucestershire GL5 2JT
Last Updated:: Tuesday, 13 March, 2018 9:56
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