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42 High Street 42 High Street, Cheriton, CT19 4ET
Agents
Cradick Retail
Alexander Standen
Use Class
E(a)
Size
3,764 sq ft
Rent pa
£49,500
The premises occupy a recently constructed retail unit, comprising a ground floor retail unit, together with first floor accommodation with rear access and parking.
The subject premises are located in a busy position within Cheriton High Street, immediately adjoining Paddy Power. Notable occupiers nearby include Co-op, The Post Office, Barclays Bank and Coral Bookmakers, together with numerous other local retailers.
Key Information
Viewing
Strictly by appointment.
Accommodation
3,764 Sq.Ft
Financial
Lease Type
Existing Lease
Lease Term
The premises are held by way of a 20 year effectively full repairing and insuring lease, expiring November 2033 at a current passing rent of £49,500 pax. The lease is subject to five yearly upward-only rent reviews, as well as tenant only break options at year 10 and 15.
Rent
Rent is exclusive of rates, insurance and VAT (if applicable).
Rates
The premises are to be assessed for business rates. Interested parties are advised to make their own enquiries to the Local Authority.
Costs
Each party is responsible for their own legal and other professional costs incurred in the transaction.
Tenure
Leasehold
Sustainability
Energy Performance Certificate
Misrepresentation Notice
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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This was last updated on 22/03/2024