Retail premises to let in Wells Road, Ilkley LS29

Location

The property occupies a prominent corner position, at the junction of Station Road, and Wells Road, in Ilkley Town Centre, being close to both Brook Street, and The Grove & the prime retail areas in the town. The building is directly opposite the Ilkley Station development, which includes major occupiers, such as M & S Simply Food, Pizza Express, Halifax, M & Co, La Stazione Italian Café etc.

Occupiers in the immediate vicinity include Westrow Hairdressers, The Loafer Bakery, Dacre Son & Hartley Estate Agents, and Friends of Ham (Microbrewery), Quinta Mediterranean Restaurant, and The Ilkley Café Company.

Car parking is available on street in both Wells Road, and nearby on Station Road, and Book Street. The Town’s main surface car park is also nearby.

Description

The property comprises a Ground Floor former banking hall, last occupied by HSBC. It is divided into a series of areas, including the main banking hall, a managers office, additional office accommodation, strongroom, and ancillary accommodation.

Accommodation

According to our measurements taken on site, the property offers the following net internal floor areas:-

Ground Floor

Former Banking Hall 63.45 sqm (683 sqft)
Manager’s Office 19.70 sqm (212 sqft)
Ancillary, Strongroom, Offices etc 65.30 sqm (703 sqft)

total net floor area 148.46 sqm (1,598 sqft)

Services

The property benefits from the provision of mains electric, water and drainage.

Please Note: None of these services have been tested and prospective tenants are advised to satisfy themselves as to their condition and type.

Outgoings

We understand the property to be assessed for Uniform Business Rates as follows:-

Description: Bank & Premises
Rateable Value: £19,000

The Uniform Business Rate for 2022/2023 is 51.2 pence in the £.

Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.

Terms

The property is available to let by way of a new effective full repairing and insuring lease for a term to be agreed, incorporating regular upward only rent reviews.

Rental

£45,000per annum paid quarterly in advance plus VAT, Subject to Lease.

Legal costs

Each party to be responsible for their own legal costs incurred in the transaction.

Energy performance certificate

The Energy Performance Certificate (EPC) rating for the property is:-

D - 99

VAT

The property is elected for VAT, and VAT will be charged on the rent.

Anti-money laundering

In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful tenant.