0 Bed Retail Property (high Street) To Rent

MAIN DESCRIPTION

This large, highly prominent rectangular shaped ground floor retail unit forms part of the Goods Yard development on the new Sextons Road with extensive frontage opposite the main entrance of Bishop's Stortford Train Station.



The Shell unit is available for one occupier but can be subdivided to form up to a number of separate units. The tenants will be expected to add amenity facilities, and insert any wall and ceiling finishes, prior to fi t out. There is no rear access servicing point into the unit. In the interest of good estate management the landlord will not be entertaining another convenience grocery store.



ACCOMMODATION A full measured survey of unit footprint is awaited. However preliminary measurements indicate a NIA of approximately 5,293 ft². The unit has an average depth of over 13 metres (42' 6") and a frontage (width) of just over 40 metres (131 ft). The current FFL to underside of the insulated ceiling is c3.35 metres (10'10" ft). It is anticipated that there will be up to 6 entrances, with the units averaging in size between c.700sq ft and c.1,000sq ft. There is however scope to change this to suit potential tenant needs. The unit is also available for single occupation. There are two additional units located further from the station entrance, approximately measuring 1,194 sq ft and 771 sq ft respectively.



RATEABLE VALUE The shop has not yet been assessed. Notification of the Rateable Value is awaited. The unit falls within the East Hertfordshire District area. The business rates charge out level for 2022/23 is 51.2p in the £. All available units at Energy Rating A.



SERVICES All the main services (except for Gas) are available to the unit with capped connection points. Sub-division will be required in the event of unit split.



PERMITTED USES The unit has the benefit of a range of permitted uses within the current E class of the UCOs, including A1, A3, B1(c) and D1 (under the former use classes order). Due to the absence of chimneys and flues, the landlord will not allow any takeaways or facilities cooking food onsite.



PROPOSED LEASE TERMS Our client is seeking institutionally acceptable FRI lease terms with a minimum term certain of 10 years, 5 yearly rent reviews (based on compounded RPI annual 1%-4% collar and cap uplifts). The unit is not available to purchase. Rental proposals are invited.



LEGAL COSTS

Each party shall be responsible for all their own costs arising from the proposed transaction.

SERVICE CHARGE



The unit forms part of a larger development, benefitting from well landscaped (hard & soft) public realm. The unit(s) will be charged a fair and reasonable service charge, for the upkeep, maintenance and oversight of the Common Area.



ADDITIONAL INFORMATION

A summary report specification, a measured survey, a copy

of the planning consent, and services reports are available on

request.



MARK LIELL LLP DISCLAIMER 2024

Mark Liell & Son LLP for themselves and for the vendors of this property whose agents they are given notice that 1. The particulars as set out are a general outline only for the guidance of

intending purchasers and do not constitute, nor constitute part of, an offer or contract; 2. All descriptions, dimensions, reference to condition and necessary permission for use and occupation,

and other details are given in good faith and are believed to be correct but any intending purchasers should not rely upon them as statements or representations of fact and must satisfy

themselves or otherwise as to the correctness of each of them; 3. No person in the employment of Mark Liell has any authority to make or give any representation or warranty whatever in

relation to this property; 4. Unless otherwise stated all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers must satisfy themselves independently as

to the incidence of VAT in respect of any transaction; 5. The reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation

(unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers must satisfy themselves as to the fitness of such items for their

requirements; 6. The vendor is not obliged to accept the highest or any other offer received for the property.

Anti Money Laundering Legislation The Money Laundering Regulations include Commercial Estate Agency work and require us to have anti money laundering procedures in place. Interested

parties may be required to provide proof of identity and address.

Note: These particulars are for guidance only and are not necessarily comprehensive. Purchasers should satisfy themselves on all matters prior to purchase by inspection or otherwise. In the

interests of Health and Safety, parties should take due care when inspecting the property and enter the site at their own risk.