44 St. Peters Avenue

Description

The premises are situated at the corner of St Peters Avenue and Elm Road with their most recent use being as a bank. The property was extended many years ago and in addition to providing retail accommodation to the ground floor with ancillary space above, the property also benefits from a car park accessed via Elm Road. Nearby occupiers include Costa, Superdrug, Boots, Sainsburys and Greggs.

Accommodation

Terms

The premises are available for sale or to let at an asking price of £425,000 or a guide rent of £37,500 per annum for a lease on full repairing and insuring terms.

Rateable Value

The new occupier will be responsible for the payment of Business Rates at the property. The premises are listed within the Rating List as ‘Bank and Premises’ with a Rateable Value of £44,250 (Source VOA website), although the premises will require reassessment should a change of use take place. The new occupier may be eligible for Small Business Rates Relief but should make contact with North East Lincolnshire Council for confirmation.

Legal Costs

Each party will be responsible for their own legal costs in respect of any transaction together with any Stamp Duty Land Tax

that may be payable.

VAT

The above amounts have been quoted exclusive as VAT and the incidence thereof has not been taken into account. The property is not currently electied for VAT.