Overview
- Retail
- Property Type
- 1280 - 1280
- sq ft
Description
Location
The property comprises a mid-terrace ground floor retail unit, featuring an arcaded shopfront and rear goods access via roller shutter onto Old Road, along with a dedicated single parking space.
Internally, it offers an open-plan retail area, WC facilities, and a rear store, with characterful part exposed brick walls in the main retail space.
The property is well suited to a variety of uses to include financial services, recruitment consultancy, estate agency or retail purposes.
LOCATION
The premises occupy a prime retail position on Connaught Avenue, Frinton-on-Sea's main shopping street, close to Costa, Peacocks, Card Factory, and Greggs.
Frinton-on-Sea is an attractive and prosperous resort town located on the Essex coast, 7 miles north-east of Clacton-on-Sea and 18 miles east of Colchester.
Frinton-on-Sea train station is approx. 10 minutes walking distance with direct services to London in about 90 minutes.
ACCOMMODATION
[Approximate Net Internal Floor Areas]
Retail area: 1,021 sq ft [94.85 sq m] approx.
GF Ancillary Space: 259 sq ft [24.06 sq m] approx.
Total: 1,280 sq ft [118.91 sq m] approx.
TERMS
The premises are available to let on a new effective full repairing and insuring lease, with a minimum lease length of 5 years and terms to be agreed, at a rent of £17,500 per annum. A 3 year break will be considered, subject to terms.
We have been advised that VAT is not applicable on the rent.
SERVICE CHARGE
We are advised that no service charge is applicable.
BUSINESS RATES
We are advised that the premises are currently awaiting an individual assessment. However, it is anticipated that the rateable value will be in the region of £15,000.
Interested parties are advised to make their own enquiries directly with the local rating authority to confirm the exact figures.
BUILDINGS INSURANCE
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. For the current year the approximate cost is £TBC.
Tenants are responsible for their own contents and other liability insurances (including the shop front, windows and glazing).
ENERGY PERFORMANCE CERTIFICATE [EPC]
A full copy of the EPC assessment and recommendation report will be available soon, from our office upon request.
VAT
We have been advised that the property is not elected to VAT.
However, the landlord reserves the right to elect the property to VAT at any time.
DEPOSIT
Dependant upon covenant strength, a rental deposit equivalent to two quarters rent (£8,750) will be required by the landlord and held under deed for the duration of the lease.
LEGAL COSTS
Each party will bear their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identity prior to the instruction of solicitors.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
Fenn Wright
T: 01206 854545
E: colchestercommercial@fennwright.co.uk
Summary
Key points
- New Lease For 5 Years Available
- Beautiful Arcade Shopfront
- Rear Goods Access
- One Car Parking Space
- Prime Retail Position Opposite Costa and Peacocks
- Contact
Fenn Wright
Tel: 01206854545
Lewis Chambers
colchestercommercial@fennwright.co.uk
Contact Information
View Listings- Fenn Wright
- 01473 417714
Enquire About This Property
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