Property Details: • Type: Restaurant • Tenure: N/A • Floor Area: 2480 sqft
Key Features: • Located within Kingfisher Shopping Centre • Adjacent to Burger King and Wilko • Opposite McDonalds and close to Nandos, Prezzo,Subway and Poundland
Location: • Nearest Station: Redditch Station • Distance to Station: 0.0815010032907197 miles
Agent Information: • Address: Clarendon House 14 St. Andrews Street, Droitwich, WR9 8DY
Full Description: <b>LOCATION</b> <br />The premises are well located within the Kingfisher Shopping Centre. The unit is adjacent to Burger King and Wilko, directly opposite McDonalds and close to Nandos, Prezzo, Subway, Bodycare and Poundland. <br /> <br /><b>DESCRIPTION</b> <br />The premises comprise a former restaurant. <br /> <br /><b>ACCOMMODATION</b> <br />Approximate internal dimensions and areas are detailed below: <br /> <br /><b>GROUND FLOOR</b> <br />TOTAL FLOOR AREA 2480 sq ft 230 sq m <br /> <br /><b>LEASE</b> <br />The property is held on a 20 year lease from 4.1.2019, subject to 5 yearly rent reviews. The lease contains tenant break clauses on 4.1.2029 and 4.1.2034 <br /> <br /><b>RENTAL</b> <br />£80,000 pa (exclusive of rates). The existing tenants will consider a rental subsidy /incentives. <br /> <br /><b>RATING ASSESSMENT</b> <br />We are advised that the rating assessment is as follows: <br />Rateable Value: £47,750 <br />Please contact the Local Authority for further information. <br /> <br /><b>ENERGY PERFORMANCE CERTIFICATE</b> <br />The premises have a rating of 66 (Band C). A copy of the certificate is available upon request. <br /> <br /><b>SERVICE CHARGE</b> <br />The ingoing tenant will be responsible for the payment of a service charge, which is currently £21,063 per annum plus VAT. <br /> <br /><b>LEGAL COSTS</b> <br />Each party is to be responsible for their own legal costs incurred in this transaction. <br /> <br /><b>VAT</b> <br />We understand that VAT is payable on the rental, however, interested parties are advised to make their own enquiries.
