LOCATION:
The property is on the eastern side of High Street South in an established retail location just along from the centre of the town.
Dunstable is a large established town situated on the A5 Watling Street in South Bedfordshire with excellent road access to London and local towns such as Luton, Milton Keynes and Hemel Hempstead, and the M1 Motorway is within 10 minutes drive of the property.
DESCRIPTION:
The property comprises a lock up shop unit, with a triple width window and double swinging doors and frontage of 8.4m. and depth of 13.08m, providing a gross internal floor area of 120 sq. m., with a fire exit to the rear. There is a disabled access ramp internally with a part tiled and part carpeted solid floor. It has a suspended ceiling with Cat 11 lighting and an air conditioning system installed, together with male and female and disabled W.C. facilities and a kitchenette at the rear.
The property will need refitting depending on the tenant’s requirements. It has I understand been used as a bookmakers for over 30 years, and could obviously be used again for that use, or a use within the A2 Use Class, such as an Estate Agents or Solicitors, it could of course revert back to retail.
There is a gated footpath to the right with security lock leading to the rear parking area with parking for 3 vehicles, this is off the Church Street public car park.
LEASE DETAILS:
A new fully repairing and insuring lease is available for a term of years to be agreed.
RENT:
The shop is available under a new fully repairing and insuring lease for a term to be agreed at a commencing rental of £12,500.00 per annum exclusive.
Please note over the first 3 years of the lease the rent will increase by £1,500.00 per annum, i.e. year 1 £12,500.00, year 2 £14,000.00, year 3 £15,500.00. Alternatively, the freehold interest in the building with the benefit of 7 flats above, which have all been sold on 999 year ground leases at a peppercorn ground rent, is available.
We have been informed that the property is not registered for VAT purposes and that VAT is not payable.
LEGAL FEES: Each party to be responsible for own legal fees.
RATES: Rateable Value £16,000 Rate in the £ 47.9p
VIEWING: By appointment with Andrew White & Co 01525 372178 email: andrew.white@btconnect.com
