About this property

Detailed Description

A single storey building currently nearing completion of a full refurbishment and providing an open plan area internally with Kitchen and WC. The fitout will include perimeter trunking for power
distribution along with a combined cooling and heating air con system.

Externally there is a large car park area (up to 19 spaces) which is fenced and gated.

The building has previously been used for retail uses - furniture and as an aquatics centre.

Location

The property is located on St John Street which is, in turn, assessed off Grove Street in the town centre of Retford and within a few minutes' walk from the market square and the main shopping street of Carolgate.

Retford is a vibrant and attractive market town with a population of approx. 24,000 and a 10 mile radius population of approx. 220,000.

Accommodation

243 sq m (2,613 sq ft).

Business Rates

The property is assessed to rateable value £14,250 giving a full rates payable of £7,110.75 for 2023/24. Qualifying small businesses will get some discount under Small Business Rates Relief.
Retail, leisure and hospitality users are entitled to a 75% discount for the year commencing April 2023 and April 2024 to 2025 up to a maximum amount per business.
Tenants should check this information with the rates department at Bassetlaw District Council tel: 01909 533533.

VAT

VAT is charged on the rent.

Legal Costs

The tenant is required to pay £450 + VAT towards the landlord's legal costs in preparing the lease.

Terms

To let on a new lease for a term of 7 years with rent reviews at the end of the 3rd and 5th years at a commencing rent of £30,000 pa + VAT.