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70 (64) , Lower Precinct


Coventry, CV1 1NQ

Use Class E(a)

£70,000

Use Class

E(a)

Rent pa

£70,000

Marketed by Colliers

Last updated 13/02/2017
70 (64)
The premises are arranged over ground floor only.
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.

Use Class

A1

Tenure

Leasehold

Viewing

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

Accommodation

Accommodation details below:

Dimensions

ftm
Gross Frontage20.146.14
Net Internal Width20.346.2
Shop Depth57.5717.55

Areas

sq ftsq m
Ground Floor Sales1,171108.78
Ground Floor Store45442.17

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.

Incentive

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

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.

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

Costs

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

Service Charge

Details upon application.

Last Updated

13/02/2017

Misrepresentation Notice

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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