Retail premises to let in 11A New Road, Chippenham SN15

Description

This retail unit has a regular shape sales area with a small triangular storage area at the rear together with a single toilet.

The retail area has carpet tile floor covering; fluorescent strip lighting ; wall mounted electric heaters and blinds on the front window.

Location

Chippenham is a popular and expanding town situated approximately 4 miles south of Junction 17 of the M4 motorway. The town has a current population in the region of 40,000 people.

The property is located at the bottom end of the upper section of New Road, close the railway arches.
New Road to the front of the property is one way leading into Chippenham. At the rear of the property is a railway embankment.

Terms

The shop is offered by way of a new lease for a term to be agreed.

Any lease granted will be excluded from the renewal provisions of the Landlord & Tenant Act 1954.

Rent

£7,000 per annum.

We are informed that the property is not registered for VAT, so there is no VAT payable on the rent.

Business Rates

The Valuation Office Agency website lists the property as having a Rateable Value effective from 1st April 2023 of £6,800.

The rv is therefore well below the threshold for full Small Business Rate Relief for qualifying occupiers.

Legal Costs

Each party shall be responsible for their own legal costs incurred in any transaction.