Institute Road, Swanage, BH19

Substantial double fronted retail premises in prime commercial location within 100 metres of the sea front. The landlord has agreed to grant a new lease for a period of 10 years at a commencing rental of £15,000 pa. The new tenant will be responsible for a fair proportion of the upkeep and insurance of the building.

LOCATION
Swanage is an extremely popular coastal resort which 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
Ground floor retail area of 51.44m2, plus kitchen.
Lower ground floor large basement and stock room of approximately 51.22m2, washroom with WC.

Main Retail Shop 9.15m x 4.39m (30' x 14'4")
Secondary Retail Area 5.22m x 2.61m (17'11" x 8'6")
Kitchen 2.58m x 2m (8'5" x 6'6")

Basement
Stock Room 9.13m x 5.61m narrowing to 4.23m (29'11" x 18'4" narrowing to 13'10")
Separate WC

Outside Rear Courtyard approx 3m x 2.5m (9'10 x 8'2" with access to rear service road.

TENURE
New 10 year lease to be granted. Rent Review 5th Year.
Rental £15,000 per annum, 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 satisfactory condition.
The tenant will be responsible for one third of the costs for maintenance and insurance of the building.

CLASSIFICATION OF USE
The premises fall within Use Class A1 which covers shops/A2, financial and professional services.
SERVICES
Mains water, drainage and electricity.

BUSINESS RATES
We have been advised by Purbeck District Council that the property has a Rateable Value of £12,000 and the Rates Payable £5,388 for 2023/2024, however with the current Small Business Relief the Rates Payable is nil.

VIEWING
By appointment only please through the Agents, Corbens, 01929 422284.

Ref No. INS1774