The property is prominently situated on Market Place, a pedestrianised High Street location which forms part of Rugby Town Centre, and within close proximity to the Swan Shopping Centre.
Nearby occupiers include WH Smiths, Greggs, H.Samuel, Santander, Card Factory, Shoe Zone, McDonalds, Pandora, and a number of other national occupiers.
The property has most recently been occupied by ‘Café Nero’ and comprises ground floor retail area with managers office, w.c’s, with first and second floor ancillary storage, further w.c facilities and office areas.
The shop is accessed via a recessed pedestrian doorway, within an otherwise large glazed frontage.
The property is currently fitted out with a large counter area, and seating for approximately 45x. The retail area has a hardwood and tiled floor, air conditioning, overdoor heater, and spot lights installed.
The property comprises the following approximate areas and dimensions:
Ground Floor Retail Sales Area: 99.22 sq m (1,068 sq ft)
First Floor Office/storage: 80.51 sq m (867 sq ft)
Second Floor Office/storage: 19.84 sq m (213 sq ft)
Total - 199.57 sq m (2,148 sq ft)
It is believed that main metered services are connected to the property. The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose. The applicant is advised to obtain verification from their solicitor or surveyor.
A new FRI type lease for a term of years to be agreed between the parties and incorporating upward only rent reviews.
All rentals etc are quotes exclusive of rates, water rates, VAT and all other outgoings, etc. Rental to be payable quarterly in advance.
From enquiries made of the Rugby Council planning portal it is understood the property benefits from Class A1 (retail) and A3 (café) uses. Prospective tenants are advised to seek clarification from the council for their own use.
The landlord will insure the premises with the tenant reimbursing the premium.
Each party to pay for their own costs incurred in a transaction.
2017 Rateable Value - £23,250
Full vacant possession will be offered upon completion of all legal formalities.
All rentals etc exclude the liability of VAT, which may be chargeable as an addition and at the appropriate rate prevailing.