Retail premises to let in Rear Of 5 The Parade, Exmouth EX8

Situation and description

Exmouth is a popular and busy coastal town with excellent road and rail links. The town has a resident population of some 35,000 which is significantly increased during the summer months. Exmouth is a popular coastal resort with a stunning beach and water front area plus a vibrant Town centre with a wide range of local, regional and national retailers. The premises are located to the rear of No 5 The Parade, in a convenient position in the centre of this busy town.

The property is located in the centre of this popular and busy town and is arranged on the Ground Floor to the rear of the building and offers a useful area suitable for a variety of uses including as a showroom, Office / Studio, manufacturing / assembly space or for a Personal Trainer / Dance Studio. The property benefits from a full suspended ceiling with integrated lighting, a toilet and kitchenette area, and is ready for the tenants to fit out to suit their requirements.

Accommodation

Brief details of the accommodation, with approximate maximum internal dimensions are as follows: -

Business Unit 17.16m x 7.8m reducing to 6.96m
(56’3” X 25’7” reducing to 22’10”) max
The premises are located to the rear of No 5 The Parade and are accessed of a yard / loading area with double entrance doors. Suspended ceiling with integrated LED lighting. Kitchenette area with stainless steel sink and drainer with cupboards under.

Accessible Toilet
Low level WC suite with wash hand basin and disabled facilities.

Externally

The premises are conveniently located with a parking space available in the rear courtyard.

Rates

Rateable Value: - £13,750 (2023 valuation)

We are advised that qualifying businesses could benefit from a rate reduction of up to 100% under the Small Business Rate Relief scheme. To see if you or these premises qualify please contact the Business Rates department at East Devon Council rent
£14,950 per annum is sought for these well-located premises. VAT is not payable on the rent on this occasion.

Tenure

A new 6 year lease is available with a mid-term upwards only rent review and a mid-term tenant only break clause. The lease will be contracted outside of the Landlord and Tenant Act.

The landlord will be responsible for the external repairs and decorations with the tenant responsible for the internal repairs and decorations. An annual service charge is payable of £780 per annum, with the tenant also required to reimburse the Landlords for a proportion of the Buildings insurance premium.

Energy performance certificate

An EPC has been obtained and a copy is attached and available to download from the web site. The rating is:

Legal costs

The tenant is to contribute £395 towards the landlord’s legal and administrative costs, including abortive fees for a new lease.

Services

Mains water, drainage and electricity are available to the property.

Viewing

Strictly by prior appointment only with the sole agents, for the attention of Tony Noon Ref (0632)