The Parade, Minehead, Somerset, TA24

1 The Parade occupies an excellent corner position in the town's principal shopping thoroughfare. Nearby national retailers include Costa, Specsavers, W H Smiths, Boots and Superdrug.

ACCOMMODATION
A prominently situated shop with ground floor retail accommodation and first floor storage as follows:

Internal width 12'6" (3.81 metres)
Shop depth 18'7" (5.66 metres)
Total sales 206 square feet (30.56 sq. metres)
First floor storage 95 sq ft (19.13 sq. metres)
First floor staff toilet

RATEABLE VALUE
£5,600 UBR, as of April 2024, 49.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

THE LEASE
A new full repairing and insuring lease for a term of 10 years, subject to review at the end of the fifth year of the term.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

LEGAL ADVICE
We strongly recommend that a tenant takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

PLANNING
It is the responsibility of the proposed tenant to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the tenant’s responsibility.

LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.