Commercial property to let in Holly Court, High Street, Midsomer Norton BA3

£22,800 pa (£438 pw)
Commercial property to let
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Property description

Lettings R Us are pleased to have to let a established caf? In the heart of Midsomer Norton High street with shop frontage. Units 1 & 2 are located at high street level and the square footage is: Approximately 1000 sq ft internal area. Ready to go! A1 unit with High Street frontage. The shop sells food, hot drinks, cakes, lunches, ice-creams and a lots more. There is a three year contract left on the lease and this would be able to be renewed. Turnover on request. The caf? Does 70/90 food covers per day plus takeout hot drinks, ice-creams and cakes. (This information has been supplied to us from the owner of the business and would need to be verified). The Units are rented out at 1900pcm + VAT and the fixtures, fittings, stock, lease and goodwill can be sold for 70,000 (Selling due to personal reasons). Service charge is 150pcm. Available now.

Holly Court is a thriving community of small independent businesses, occupiers include an hairdresser, cafe, beauty salon, tanning studio and pizza restaurant. Holly Court is managed on a day to day basis by the tenants. The large council owned car parks to the rear are free and rarely full.

Holly Court uses standard leases and so there are no ingoing legal costs for tenants unless tenants wish to use their own solicitor. VAT to be paid on top of the rent.

Important Note: The following charges are not included in the advertised rent of the property.
Tenants: If you choose to take the tenancy on one of our properties we will ask you to pay an agency fee of 114.00 including VAT per tenant that is over the age of 18 years old ? If a guarantor is required, this fee would also be applicable for the guarantor. This fee is taken as a holding fee to reserve you the Property and also it covers the cost of credit checks and referencing. Our deposits are calculated as the same amount as one month?s rent and if pets are allowed then this would usually be six weeks deposit up to two months deposit. (This will be stipulated in the description). The agency fee is non-refundable if you decide to withdraw from the tenancy or if you fail your credit checks, it will be refundable if the landlord decides to withdraw. We do not charge renewal fees every six months, after the initial period the contract will run monthly periodical.
Additional Charges:
Late Payment Charges - 20 for non-standing order mandate or late payment and 10 every week thereafter.
Key Lose - Should the tenant lose their keys and the agent/landlord have to let them in or if the tenant needs to come to the office to collect the keys to let themselves in, then a fee of 10 will be applicable.
Breakage Clause ? If the landlord allows then the tenant can be released from the contract on payment of 50% of the first months? Rent (plus VAT) (E.G. If the monthly rent was 600, the fee would be 360 inclusive of VAT or 300 (Inclusive of VAT), whichever is greater. Once a new tenant has moved into the property the liability will be on the new tenant and the current tenant will be released from the contract.
Initial Contract Fees ? Solicitor Charges if applicable
Duplicate Contract Fee (If Required) - 90 including VAT
Duplicate Inventory Fee(If Required) - 90 including VAT
New Contract Fee (If Required) - 118.80 including VAT
VAT is payable at the prevailing rate on all of our fees. It is included where a fixed amount is quoted but where a percentage is applied to a figure the percentage will be plus VAT. (Shown in the example with the VAT included).

1) Introduction Only Service ? 60% inclusive of VAT of the first month?s rent (Or 300 including VAT whichever is greater). (E.G. If the monthly rent was 500, the fee would be 300 inclusive of VAT) (or 300 whichever is greater). Payable for each letting where the tenant is introduced through the Agent.
2) Lettings and Rent Collection Service ? 67.2% inclusive of VAT on the first month and then 7.2% inclusive of VAT per month thereafter of the rent received, deducted by the Agent. (E.G. If the monthly rent was 500, the fee would be 336 inclusive of VAT on the first month and the fee would be thereafter each month 36 inclusive of VAT).
3) Full Management Service ? Option 1 ? 69.6% inclusive of VAT on the first month and then 9.6% inclusive of VAT per month thereafter of the rent received, deducted by the Agent. (E.G. If the monthly rent was 500, the fee would be 348 inclusive of VAT on the first month and the fee would be thereafter each month 48 inclusive of VAT).
4) Full Management Service ? Option 2 ? 14.4% inclusive of VAT per month of the rent received, deducted by the Agent. (E.G. If the monthly rent was 500, the fee would be 72 inclusive of VAT) (Applicable to Managed properties only).
The fees under the above service are payable when any individual or organisation enters into an agreement to rent the property as a result of our promotion, introduction, or viewing by the Agent.
Additional Charges:
Unmanaged: Agreement Admin Fee 90 (including VAT)
Unmanaged: Inventory Fee 90 (Including VAT)
Deposit Protection Service 60 (Including VAT)
Legionella Risk Assessment Fee 120 (Including VAT)
Contract Termination Fee (If Managed) 300 (Including VAT)
Major Works Fee 18% inclusive of VAT of major works over 250. (E.G. If the works are 260 then the additional cost would be 46.80 inclusive of VAT)
Duplication/Testing of Keys Yale -6 (Including VAT)
Chubb - 9 (Including VAT)
Gas Safety Record 84 (Including VAT)
Portable Appliance Testing 54 (including VAT) for 15 items, 3 (including VAT per item thereafter).
Chimney Sweep 72 (Including VAT)
Energy Performance Certificate 94.80 (Including VAT)
All fees are shown including VAT. There are also examples shown where a price cannot be given.
Property Particulars: We endeavour to make our property particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective renters only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.

Redress Scheme: The Property Ombudsman -
Tenancy Deposit Scheme: We lodge deposits with the dps ? Deposit Protection Scheme
Client Money Protection Insurance ? Member of Client Money Protect - CMP004791

Property info

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Lettings-R-US Ltd, BA11 on +44 1373 316930 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Lettings-R-US Ltd, and do not constitute property particulars. Please contact Lettings-R-US Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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