The property is situated on King Street, on the entrance to
Sir Simons Arcade. A ground floor only unit within a three storey grade II
listed building. Boasting a prominent corner position with frontage to King
Street and return frontage to the arcade. Other occupiers in the immediate
vicinity include high quality independent traders and in addition to this the
property is immediately opposite the Primark store and Market Gate shopping
centre.
The premises may be best suited to office or retail, other business types will
be considered.
Approximately 500sq ft.
Accommodation: Ground Floor retail unit, Kitchenette and Staff W.C. facilities to the rear of the shop. Store Room.
A commencing rental of £1083.33 per calendar month / £13,000 per annum
exclusive of rates and service charge.
All Landlords reasonable legal costs incurred in the preparation of the lease
are to be borne by the ingoing Tenant.
Applicants are advised to make their own enquiries of the local rating
authority.
N.B. Under the current business rate regime, it is likely that a qualifying
occupier of the subject property would benefit from small business rate relief,
meaning that zero rates would be payable. Further details available from
Lancaster City Council.
Mains water, electricity and drainage are all connected to the property.
The premises are available by way of a new lease for a term to be negotiated,
subject to three-yearly, upward only rent reviews, on a full repairing and
insuring basis.
A deposit will be required to be paid by the ingoing Tenant on. The deposit
will be equivalent to one quarters rent.
Deposit amount : £3,125.00
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