Commercial Property Chartered Surveyors and Valuers

Blackburn Office01254 699 030

Chorley Office01257 204 900

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7 Fazakerley Street, Chorley, PR7 1BG

Full Details

Rental: £15,000 per annum

Location

The property occupies a prominent retailing position in the centre of Chorley on Fazakerley Street, close to Chorley Town Hall and Market. In addition the Market Walk Shopping Centre is a short distance from the premises. It has recently been announced that the shopping centre is to be extended with the construction of a new retail development for Marks & Spencer, Reel Cinemas and a Romers Restaurant.

Description

The property comprises a mid terraced town centre retail premises of brick construction under a pitched slate roof. The ground floor provides a predominantly open plan retailing environment, previously used as a food outlet, although other uses would be considered. The first and second floors provide ancillary amenity office and storage facilities.

Accommodation

We have calculated the net internal area of the premises to be as follows :

.

Ground Floor Sales Area 682 sq.ft
  Internal Width 22 feet
  Max Internal Depth 25 feet
First Floor Front Office 109 sq.ft
  Kitchen 69 sq.ft
Second Floor Store Room 1 216 sq.ft
  Store Room 2 120 sq.ft

 

Services

It is understood that all mains services are available to the premises.

Rating

From the Valuation Office Agency rating list, as published on the internet, we are advised that the property is assessed at rateable value £10,750. Rates payable 2018/19 £5,160 (approximately) As the rateable value is below the current small business rate £12,000 (rateable value) eligible businesses may be able to claim small business rate relief. Full details on request.

Lease Terms

The property is available by way of a new lease on full repairing and insuring terms for a minimum period of 5 years. The rent is to be paid quarterly in advance and will be exclusive of the costs of occupation, which would include business and water rates, electricity and gas. The rent is subject to VAT at the prevailing rate.

EPC

An EPC is available on request

Deposit

In respect of a leasehold transaction, subject to status a minimum deposit of £3,375 is required in advance.

Rental

£15,000 per annum

Availability

The property is available for immediate occupation.

Legal Costs

The ingoing tenant to be responsible for the landlord's reasonable legal costs.

Planning

The property has previously been used as a bakers and confectioners, although it is understood that alternative retail use would be permitted. Interested parties are recommended to contact the Local Planning Authority to discuss their proposed use in greater detail.

Viewing

Strictly through agents Taylor Weaver (Neil Weaver) 01257 204900