0 Bed Retail Property (high Street) To Rent

LOCATION
Needham Market is a small, but fast growing popular market town in mid-Suffolk set in the Gipping Valley with a residential population of circa 4700. The town is located just east of the A14 trunk road, between Ipswich (9 miles) to the south and Stowmarket (3 miles) to the north.

The lock up shop is located within a large 1970´s housing estate (Greenstead Gardens, Chainhouse Road) situated on the busy Barking Road (B1078) one of the main cut through routes between the A14/Ipswich to Hadleigh and Sudbury with high volumes of through traffic stopping off enroute.

DESCRIPTION
- Exceptional Business Opportunity
- Excellent Trading Position Adjacent to the busy East of England Co-op food store
- Self-contained shop benefiting from fully glazed frontage and prominent signage
- Excellent location, situated on the Barking Road (B1078), nearby the Ipswich Road (B1113) junction
- Currently trading as a Takeaway Sandwich-Bakery-Coffee Shop
- Potential to use the front forecourt for outside seating subject to agreement
- Rarely available lock up shop premises with excellent onsite communal parking

The property comprises a purpose built parade of shops with residential flats above. The Co-op food store occupies what previously would have been 4 of the shops with the remaining ground floor lock up shop available to let. The shop extends to approximately 536 sq ft with single WC and a new aluminium glazed shop front and double entrance door is to be installed by the Landlord.

There is use of a small rear service yard for bins/storage with rear vehicular access for deliveries or via the front as necessary. Externally to the front is a large communal customer car park servicing the busy Co-Op Food Store and the current Sandwich Shop.

TERMS
RENT

The property is available To Let by way of new FRI lease, for a term to be agreed at an initial rent of £15,000 per annum exclusive plus VAT payable quarterly in advance.

LEASE PREMIUM

£12,500 plus vat is payable.

OUTGOINGS
The property has a rateable value of £6,900. Occupiers may benefit from full Business Rate Relief, as the Rateable Value is below £12,000. Interested parties are advised to make their own enquiries with Mid Suffolk District Council Rates Department.

VAT
The property is elected for VAT therefore VAT is applicable to the rent.

OTHER
EPC

The shop has an EPC rating of C 60. A copy of the certificate is available on the GOV.UK Non-Domestic Energy Performance Certificate Register.

ANTI-MONEY LAUNDERING REGULATIONS

Anti-Money Laundering Regulations require Nicholas Percival to formally verify prospective tenant´s identity, residence and source of funds prior to instructing solicitors.

REF: C5034

VIEWING
Strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.