Retail/Shop To Let, Wantage, Oxfordshire

General description

Double-fronted, split-level, ground floor shop premises, established in Use Class A1 Shops with separate entrances off Post Office Lane situated in the town centre shopping area. *Now permitted for change of use to A2 Financial & Professional Services without planning consent.

Location

Generally - the historic market town of Wantage, a formally designated and rapidly growing ‘Growth Town’ in affluent southern Oxfordshire, straddling the junction of the A338 and A417 approximately 6 miles west of the A34 Milton interchange near Didcot.

Specifically – within both the designated Primary Shop Frontage and Conservation Areas, facing a busy main road to/from the town centre on the east side, opposite a large Waitrose store.

Accommodation (all dimensions approximate)

Sales area 1 – irregular/L-shaped but totalling 283sq.ft/26.33sq.m overall with steps up to..

Sales area 2 – 308sq.ft/28.61sq.m (excluding WC) with separate entrance from Post Office Lane

Total overall floor area – 51.65sq.m/556sq.ft.

Price guide and terms

Rental/leasehold only at £14,000pa (= £3,500 per Quarter) exclusive for a full repairing and insuring lease of negotiable term.

VAT

We understand the premises are not elected in for VAT purposes and therefore VAT is not payable in addition to the rent.

Business Rates

Rateable Value (April 2010) - £8,700. Small Business Rate Relief Multiplier 2016/17 is x 0.484 = £4,210.80 payable. As the RV is below £12,000* further Small Business Rate Relief should be available but please contact VWHDC directly for confirmation (see also Agent’s note below).

*Agent’s notes

1. Budget, March 2016. As the RV is below £12,000 and subject to no increase there should be no business rates payable from April 2017 onwards.

2. The draft Rateable Value for 2017 is stated to be remaining at £8,700.

Services

Mains water, electricity and drainage are connected. Telephone/broadband by subscription.

Local planning and rating authority

Vale of White Horse District Council

135 Eastern Avenue

Milton Park

Abingdon

OX14 4SB

Tel: 01235 520202

Tenancy Applications

Completion of commercial tenancy application forms and payment of a non-fundable referencing fee of £120.00 incl. VAT per prospective lessee is required prior to Heads of Terms as negotiated being issued.

Viewing

By prior appointment with the sole agent, Green & Co Commercial and Development Agency, during usual business hours Monday to Friday, tel. 01235 763561 Ref.RH or e-mail robin.heath@greenand.co.uk SatNav OX12 8AX

Directions

The shop is located on the east side of the central shopping area, on the south side of Wallingford Street and to the right of “Rowe’s Costcutter”.