Potters Bar |
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LOCATION |
Potters Bar in Hertfordshire is conveniently located at
the junction of the A1 and M25. The town has
attracted major retailers including Tesco, Sainsbury,
Woolworth, Boots and other multiples as well as
regional and local retailers.
The town has a high quality catchment area for retail businesses. |
DESCRIPTION |
The shop is prominently situated in the High Street
and has a substantial frontage to the A1000 which
connects the M25, Barnet, Hatfield and Welwyn
Garden City.
The extensive display frontage is approximately 90ft. The retail unit is fully fitted to a good standard and has the benefit of the usual services, rear loading facilities and dedicated car parking on site. Our client is willing to consider dividing the shop into two self-contained units. |
AREA |
The shop has a total net internal area of
approximately 9,285 sq ft currently arranged as
approximately 8,203 sq ft retail and 1,082 sq ft of
ancillary/storage accommodation.
If two units are created we assess they will have net internal areas of approximately 3,905 sq ft and 5,095 sq feet. |
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RATES |
The VOA website records the property as shop and premises with a rateable value of £109,000. |
TENURE |
A new lease on full repairing and insuring terms incorporating regular upward only rent reviews is to be granted in respect of the whole or each unit. |
TERMS |
The length of term and the rent are to be agreed. |
LEGAL COSTS |
The legal costs of our client to be paid by the ingoing tenant. |
VIEWING |
Strictly by appointment only. Please contact David Linnell Chartered Surveyors Property Advisers quoting reference 247-Lantern. |
N.B. Whilst these particulars are intended to give a fair description of the property their accuracy is not guaranteed. No tests have been undertaken to the services, the structure and materials in the premises. The figures stated are approximate. The Vendor does not make or give and neither David Linnell Chartered Surveyors Property Advisers (DL) or any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. All statements contained in these particulars as to this property are made without responsibility on the part of DL. These particulars do not constitute an offer or a contract. Intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of statements contained herein. Interested parties are referred to The Code of Practice for Commercial Leases (www.commercialleasecodeew.co.uk).