Retail premises to let in Smithford Way, Coventry CV1
£33,000 pa (£26.19/sq. ft. pa)
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The property is located on Smithfield Way, in a busy High Street location, benefitting from a high level of footfall and with nearby occupiers including
The property has been recently refurbished, including having been painted and carpeted throughout.
Accommodation arranged over ground and first floor and include the following approximate areas and dimensions;
Ground Floor - sales area of 1,110 sq ft (103 sq.M)
Ground Floor - storage area of 151 sq ft (14 sq.M)
First floor ancillary including W.C.S & Kitchen of 720 sq ft (67 sq.M)
Energy Performance Rating of C=73
Currently has planning consent for A1 retail.
Your business may be eligible for a discount under the small business rate relief scheme in England if you only occupy one property and it has a rateable value below £12,000. N.B.* The Rate Payable could be subject to Transitional Rate Relief. Uniform Business Rates 2017/18 at 47.9p in the £ and small business rate 46.6p in the £.
For more information, or to check if your business would qualify, please contact the Council's Business Rates Team.
Rent - £33,00 per annum
Rates Payable 2017/18* - £12,215 per annum (estimated)
Rateable Value - £25,000
The property is available to let for a minimum term of 10 years, with a rent review in the 5th year.
The City Council will insure the building for circa £433.35 per annum (estimated) and will recover the cost from the tenant.
The tenant is responsible for their own personal contents insurance.
Each party is to pay their own legal costs incurred in the preparation and granting of the lease.
This property is not elected for VAT.
The premises is to be used as a Retail shop within class A1 of the Town and Country Planning (use Classes) order 1987, as amended.
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* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Coventry City Council, and do not constitute property particulars. Please contact Coventry City Council 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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