Retail premises to let in High Street, Chesterfield S40

Key Points

Description

The property comprises accommodation over three storeys. The property was most recently occupied by a Clintons. The ground floor provides open plan retail with ancillary accommodation to the rear. First and second floors benefit from self-contained access off High Street. The first floor and second floor provides further ancillary storage.

Location

The property is situated in a prime position on the north side of the busy pedestrianised High Street in Chesterfield town centre. The property is adjacent to Marks & Spencer. Other nearby occupiers include Primark, Greggs, Halifax amongst many other national and local names.

Rateable Value

Zero rates payable until 1st April 2021 as a Government tax break following the Covid-19 Pandemic for for retail, hospitality and leisure businesses. Prior that and from the information obtained from the Valuation Office Agency website we understand the demise is rated as follows:-

Address: 10, High Street, Chesterfield, Derbyshire, S40 1PS
Description: Shop and premises
Rateable Value: £52,668 (£45,250 from April 2023)

We would advise prospective parties to verify the matter with the local rating office.

Lease Terms

The property is available to let by way of a new full repairing and insuring lease for a term to be agreed.

Rent

£32,500 per annum. We are informed VAT is payable on the rent.