The popular coastal town of Highcliffe is situated midway between Christchurch and New Milton and provides retail and professional services to the surrounding affluent residential area. The subject premises occupy an established trading position on the southern side of Lymington Road, forming part of a recently refurbished and extended mixed-use development of shops and flats situated at the junction of Lymington Rd and Waterford Rd
Other occupiers in the parade include a nail salon, optometrists, launderette, a martial arts centre, antiques shop and a hot food takeaway.
The premises benefit from a bus stop located immediately to the front of the parade and a branch of Tesco Express is located closeby on the opposite side of Lymington Road. These well presented premises comprise a good sized commercial unit which has been stud partitioned to provide a retail outlet together with a further sales area, storeroom, staffroom/kitchen, WC and rear lobby. One car parking space is allocated within the rear car park.
Shop: 363 sq ft (33.72 sq m)
Further sales: 160 sq ft (14.86 sq m)
Storeroom: 108 sq ft (10.03 sq m)
Kitchen: 39 sq ft (3.62 sq m)
Lobby: 38 sq ft (3.53 sq m)
Total: 708 sq ft (65.77 sq m)
Areas stated are on a Net Internal Area basis and measured in
accordance with the RICS Code of Measuring Practice 6th Edition
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe', health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
Asset Rating - E122
Rateable Value £8,000
Source www.voa.org.uk The 2021/2022 small business multiplier is 0.499 (49.9p payable per £1). The 2020/2021 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
The premises are available by way of a new effectively full repairing and insuring (via service charge) lease for a term of 10 years at a rent of £10,500 per annum, exclusive.
The lease will incorporate a single upwards only rent review after 5 years.
( Agency Pilot Software Ref: 7860 )