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Unit 70 (64) Lower Precinct, Coventry, CV1 1NQ

Use Class

Use Class

E(a)

Rent pa

Rent pa

£70,000

Market Sector

Market Sector

Shopping Centre

Description

The premises are arranged over ground floor only.

Location

The property occupies a prime trading position fronting on to Lower Mall of the Lower Precinct covered shopping centre. Trespass are adjacent with other occupiers nearby including Pizza Hut, Specsavers, The Entertainer, New Look and Next.

Key Information

Viewing

Strictly by prior appointment wtih Colliers International through Emel Hussein or Olivia Hughes.

Accommodation

Dimensions
Feet
Metres
Gross Frontage
20.14
6.14
Net Internal Width
20.34
6.2
Shop Depth
57.57
17.55
Areas
Sq.Ft
Sq.M
Ground Floor Sales
1,171
108.78
Ground Floor Store
454
42.17

Financial

Lease Type

Existing Lease

Lease Term

The property is held on an effectively full repairing and insuring lease for a term of 10 years expiring 21 September 2016. The current passing rent is £70,000 per annum exclusive.

Rent

Subject to contract, rental offers are invited in the region of £70000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Rates

We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above. Transitional phasing may apply. Prospective tenants are advised to confirm any rating liability directly with the Local Authority.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Incentive

Incentives are available for an assignment of the existing lease, subject to covenant status.

Service Charge

Details upon application.

Tenure

Leasehold

Rates

Rateable Year:
2016
Rateable Value:
£65,000.00
Rates payable:
£32,305.00
UBR:
49.7p/£

This Property is Part of a Shopping Centre

Lower Precinct

The Precinct itself is an open air scheme. Retailers in the centre include Caffé Nero, Game, Lush, Pandora, Tiger & Trespass

Wright Silverwood

Disclamier

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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