Retail premises to let in William Street, Calne SN11

Location

Calne is a popular and expanding North Wiltshire town, strategically placed on the A4 approximately 7 miles east of Chippenham and 13 miles west of Marlborough.

William Street is in a residential area located between Calne town centre and the Porte Marsh Industrial Estate to the north west of the town.

Description

The property is a mid terrace, ground floor retail shop currently used as a barbershop, but could be used for other uses such as general retail shop, beauty salon, office or health-related purposes.

Other occupiers in the terrace include Calne Convenience Store, Ed’s Fish & Chip shop, an Indian take away and a One Stop mini market.

The property is currently open plan at the front with partitioned rooms at the rear, but the partitioning could easily be removed to provide a fully open plan unit. There is a single toilet in the rear corner and a rear fire exit.

The shop has wood laminate floor covering and artex covered ceiling with surface mounted lighting.

Accommodation

The shop has a total net floor area of approximately 89.58 sq m / 964 sq ft.

Car parking

There is a parking bay immediately in front of the shop that has no restrictions.

Terms

The property is held by way of an effectively full repairing and insuring lease for a term of 6 years commencing 18th December 2023.

The tenant may terminate the lease at the end of the 3rd year of the Term by giving to the Landlord no less than 6 months prior written Notice.

Should the break not be operated the rent will be subject to an upward only review.

Rent

£11,000 per annum exclusive of VAT.

We are advised that the property is not registered for VAT, so not VAT is payable on the rent.

Service charge

A service charge is payable toward the repair and maintenance of external common parts.

Business rates

The Valuation Office Agency website lists the property as having a Rateable Value effective from 1st April 2023 of £9,400.

The Rateable Value is therefore below the threshold for full Small Business Rate Relief for qualifying occupiers.

Energy performance certificate

The property has been assessed for energy efficiency and has been given a Rating of 87 in Band D.

Legal costs

Each party shall be responsible for their own legal costs incurred in any transaction.