Unit 3 Chamberlain Walk, Coleshill Annual Rental Of £5,500
Under NegotiationCottons Chartered Surveyors - 0121 247 474700000356
- Busy walkway leading from High Street to town's principal car parks
- Net Internal Area 27.5 sq m (296 sq ft.)
- Flexible terms, new lease by negotiation
- EPC Rating C
- Flexible Class E Use
- Recently refurbished, modest overheads
To Let, a small, economical shop occupying a town centre location on a pedestrian walkway leading from the High Street to one of the town’s principal car parks. Net Internal Area 27.5 sq m (296 sq ft.) Available by way of a new lease at a rent of £5,500 per annum, exclusive.
Permitted Fees and Charges.
Holding Deposit: One week´s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person including any guarantor(s) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement and/or Deed of Guarantee within 15 calendar days or other Deadline for Agreement as mutually agreed in writing.
Security Deposit (per tenancy. Rent under £50,000 per year): Five weeks´ rent. This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour inc. VAT for the time taken replacing lost key(s) or other security device(s).
Variation of Contract £50 inc. VAT per agreed variation. (To cover the costs associated with taking landlord´s instructions as well as the preparation and execution of new legal documents)
Change of Sharer £50 inc. VAT per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord´s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination: Should the tenant wish to leave their contract early, they shall be liable to the landlord´s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Client Money Protection (CMP): RICS
Redress scheme: The Property Ombudsman
- Location
The premises form part of a modern purpose-built retail development located within Coleshill Town Centre, occupying a central location and linking the High Street to one of the town’s principal car parks.
Adjacent or nearby traders include a barbers, charity shop, gift shop and confectioner.
- Description
The premises comprise modern single-storey shop of brick construction with a pitched tiled roof.
The premises have a glazed shop front to Chamberlain Walk and provide clear open retail accommodation. There is a basic kitchen facility and staff toilet within the shop.
- Accommodation
The premises have a Net Internal Area which we calculate as Net Internal Area 27.5sq m (296sq ft).
- Lease
The premises are available To Let by way of a new 6-year lease. The lease will be drafted on effective Tenant’s Full Repairing and Insuring terms. The rent will be subject to upwards only review after 3-years.
- Rent
£5,500 per annum, exclusive, payable quarterly in advance.
- Rating Assessment
The premises are currently part of a larger assessment and will need to be separately assessed for rating purposes.
It is probable that the Rateable Value will be set at a level whereby a qualifying occupier would receive Small Business Rates Relief.
- Energy Performance Certificate
Please see the Energy Performance Certificate attached to these particulars. EPC rating C.
- Service Charge
The Landlord levies a Service Charge designed to recover the cost of managing the development of which the premises form part.
- VAT
All figures quoted are exclusive of VAT, which may be applicable.
- Legal Costs
Each party to bear their own Legal Costs incurred in connection with the preparation and completion of a new lease.
- Viewing
Strictly by appointment with the Sole Letting Agents, Cottons Chartered Surveyors, Telephone 0121 247 2030, ssutton@cottons.co.uk, astarkey@cottons.co.uk.