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Shop Let in Lydd - £5,000 pa

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A former beauty salon in the High Street of Lydd. The property has been converted to mixed use with commercial on the ground floor and a residential flat on the first floor. Adjacent businesses include a Fish Bar, Newsagents and Post Office. There is on street parking to the front with a bus stop adjacent. The interior of the shop is finished with laminate flooring, strip lighting with scope for electrical wall mounted heaters and a disabled W.C to the rear.

The accommodation comprises (with approximate maximum measurements):-

RETAIL Area 413 sq ft / 38.46 sq m
Zone A = 23.97 sq m
Zone B = 14.49 sq m
Disabled W.C.
Shared use of Bin store area.

Initial rent of £5,000 per annum is sought, exclusive, payable quarterly in advance on the usual quarter days. Interest will be payable on any rent becoming more than 14 days overdue.

A new tenancy is available for a term to be agreed subject to termination by landlord or tenant at one month's notice or by way of a Tenancy at Will. The tenants will be responsible for internal and shop front repairs and decorations

The tenants will also be responsible for reimbursing the landlord with contribution towards the water and drainage and a contribution towards the insurance premiums paid and maintenance and upkeep of the building. The electricity has a sub meter on part of the accommodation and the electricity bills will be apportioned by the landlord.

Lease - The incoming tenant to be responsible for landlord's reasonable legal costs incurred in the granting of a lease.
Tenancy At Will - each party to be responsible for their own legal costs.

From a search of the Valuation Office Website we have identified
Rateable Value - £3,250.
The rate in the pound for the financial year 2018/2019 is 49.3p. 48.0p small businesses
Equivalent Rates Payable - £1,602.25 per annum
This property may qualify for small business rate relief. To seek to clarify, applicants are advised to contact the local authority Folkestone & Hythe District Council on 01303 853000

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Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.