Commercial Property Details
£179,950
Market Street, Loughborough
*764 Sq Ft Ground Floor Retail space
* Large window frontage
* Busy town centre location
* Available immediately
Location:
This 764 Sq Ft ground floor retail unit is in central Loughborough, a well-known University town, situated between Nottingham to the north and Leicester to the south. The town has good connectivity to the M1 motorway Junction 23, approximately three miles to the west.
The property is situated between Market Street and Packe Street, access provided via Packe Street for parking and services. Market Street is a pedestrianised area with a mixture of residential, leisure and retailing occupiers. Good road and rail links to surrounding towns and cities, with the M1, M42 and M69 / M6 all within a 20-mile radius and direct rail access to St Pancras station.
Property Description:
Occupying the ground floor of a 2-storey town centre property.
Accommodation
Ground Floor Retail space with kitchen and W/C measuring in total 764 Sq ft. The space is largely open planned, with large window to the main street.
Services
We are advised that all mains’ services are connected to the property. These services have not been inspected or tested by the agent.
Terms
Offered for let on new lease terms at an initial passing rent of £12,000 per annum plus VAT on fully repairing and insuring terms. 3 month deposit required.
Plus landlords’ insurance and management charges.
Rates:
We understand from the VOA website that the Rateable Value for the property is £16,000 but prospective tenants should make their own enquiries in this respect. For qualifying businesses small business rate relief could be available.
VAT
We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.
Legal Costs
Both Parties will be responsible for their own legal costs.
Viewing
Strictly by prior appointment via the sole agents Express Properties Tel: 0116 25 45 225
Tenure: Leasehold (1900 years)
Service Charge: £1,540.09 per year
* Large window frontage
* Busy town centre location
* Available immediately
Location:
This 764 Sq Ft ground floor retail unit is in central Loughborough, a well-known University town, situated between Nottingham to the north and Leicester to the south. The town has good connectivity to the M1 motorway Junction 23, approximately three miles to the west.
The property is situated between Market Street and Packe Street, access provided via Packe Street for parking and services. Market Street is a pedestrianised area with a mixture of residential, leisure and retailing occupiers. Good road and rail links to surrounding towns and cities, with the M1, M42 and M69 / M6 all within a 20-mile radius and direct rail access to St Pancras station.
Property Description:
Occupying the ground floor of a 2-storey town centre property.
Accommodation
Ground Floor Retail space with kitchen and W/C measuring in total 764 Sq ft. The space is largely open planned, with large window to the main street.
Services
We are advised that all mains’ services are connected to the property. These services have not been inspected or tested by the agent.
Terms
Offered for let on new lease terms at an initial passing rent of £12,000 per annum plus VAT on fully repairing and insuring terms. 3 month deposit required.
Plus landlords’ insurance and management charges.
Rates:
We understand from the VOA website that the Rateable Value for the property is £16,000 but prospective tenants should make their own enquiries in this respect. For qualifying businesses small business rate relief could be available.
VAT
We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.
Legal Costs
Both Parties will be responsible for their own legal costs.
Viewing
Strictly by prior appointment via the sole agents Express Properties Tel: 0116 25 45 225
Tenure: Leasehold (1900 years)
Service Charge: £1,540.09 per year
Map
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
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