New Convenience Store Development

Radstock - Frome Road

Price: £560,000

Size: 3541 sq ft

LOCATION
9 miles to the south west of Bath, Radstock is a town full of history including the Radstock museum which is housed in the old market hall, and displays an exhibit focusing on the towns industrial heritage. It has a population of approximately 6,000. Other nearby towns include Frome, 8 miles to the south east and Wells, 12 miles to the south west. It has good transport links, the A362 to Frome and via the A367 and A37 Bristol to the north and Bristol airport to the north west (17 miles).

DESCRIPTION
This new development is part of the next phase of Heritage Park, known as Area 1, being undertaken by Linden Homes. The development consist of 49 residential units, and 5 commercial units.

Block A consists of the prominently situated corner unit at the junction of Frome Road and East Street, and immediately adjoining the existing town centre retail.

All the commercial units, apart from the convenience store in Block A, will have fitted shop windows and doors. The incoming owner / tenant to Block A will be required to install their own windows and doors and obtain the relevant planning permission.

All units internally will be to shell finish ready for occupier fit out.

ACCOMMODATION
Retail Unit 1 (Block A) has the following gross internal floor area;

3541 sq ft (329 sq m)

SERVICES
We are advised by the developers that mains electricity, gas, water and drainage are available. However, we have not verified the existence or tested any of the service installations and advise that interested parties make their own investigations as to their state and condition.

TERMS
This unit is available to let on a 20 year effective full repairing and insuring lease with 5 yearly rent reviews at a rental of £56,000 per annum plus VAT.

Alternatively, the unit is For Sale on a 999 year lease subject to a service charge at an asking price of £560,000.

OUTGOINGS
To be assessed. The rates that you pay will depend upon individual circumstances of your business. Enquiries should be made to the local billing authority Bath & North East Somerset Council - Tel: 01225 477777.

VAT
All prices quoted are exclusive of VAT.

LEGAL COSTS
Each party to be responsible for their own legal costs.

SERVICE CHARGE
There will be a service charge to cover the cost of maintenance, common areas and buildings insurance. Please apply to the agents for details.

PARKING NOTES
There are 7 customer parking spaces behind the area 2 retail units for use by all commercial customers.

OTHER
EPC RATING (This is how energy efficient the property is)
An EPC has been commissioned and is awaited.

VIEWING
Strictly by appointment with the agents - Kavanaghs. Please see property particulars for full contact details.

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