INSTITUTE ROAD, SWANAGE

£7,500

Guide price

Offered on a new 15 year lease with full vacant possession at a rental of £12,500pa, these substantial double fronted retail premises are in an outstanding location in the commercial centre of Swanage within 50 metres of the sea front. The building was originally constructed around the turn of the 20th Century and is of brick construction with two display windows and central entrance door. The retail area is approximately 80.7 sqm (865 sq ft) together with kitchen/store room at the rear, and large basement below. Stock is available to purchase at valuation.

This extremely popular coastal resort attracts many thousands of tourists throughout the year and is renowned for its scenic beauty and as being the gateway to the Jurassic World Heritage Coastline.

ACCOMMODATION

MAIN SHOP AREA

15.58m x 5.18m (51'1” x 17'), approximately 80.7m2 (865 sq ft) East, double fronted display windows, plus two changing rooms of 2.33m x 0.95m (7'8” x 3'2”) each.

STAFF KITCHEN

2.67m x 1.3m (8'9” x 4'3”), stainless steel sink, with cupboard under.

WC

STORE ROOM

3.44m x 3.22m (11'3” x 10'7”).

BASEMENT

Of similar size and shape to the ground floor retail area measuring 49.4m2 (531sq ft) overall.

TENURE

Lease: New 15 Year Lease, at a rental of £12,500pa

Terms: The tenant will be responsible for internal redecoration

Rent Review 5th Year

Rent payable quarterly in advance

3 month deposit required which will be returned at the end of the tenancy, subject to the property being left in a satisfactory condition.

SERVICES

All mains services connected.

BUSINESS RATES

Rateable Value £13,034, full rates payable 2020/21 £6,503.66. Small Business Rates Relief is currently available if this is your only business, making the Rates Payable nil for 2020/2021.

VIEWINGS

No casual callers. Viewings strictly by appointment with the Sole Agents, Corbens on 01929 422284. The postcode for this property is BH19 1BX.

REF: INS1314

Arrange viewing 01929 288149

Corbens Estate Agents

41 Station Road, Swanage, Dorset

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