Light industrial for sale

High Street, Broadstairs CT10

Lock up shop unit for rent, situated on A prime corner position in broadstairs' lower high street

This lock-up shop unit sits on a prominent corner position on the busy lower High Street in Broadstairs. The premises which has until recently been used for retail purposes may be suitable for alternative uses, subject to the Landlords consent and any necessary planning permissions.

The property comprises ground floor retail area of approx. 17.41m2 (187sqft) with basement of approx. 14.86m2 (160sqft).

The property is being offered with the balance of a 10-year Full Repairing & Insuring lease, with approximately 8 years remaining, with a current rent of £12,000 per annum. The current tenant is seeking a premium of £7,000 to assign the lease.

To arrange your appointment to view call the agents Terence Painter on .

Entrance

Via recessed porchway with bi-folding glazed wooden entrance door.

Retail Area

4.42m x 3.94m (14' 6" x 12' 11") Wood and glazed twin entrance doors. Painted wood panelling to walls. Corner windows. Fitted counter. Stainless steel basin with storage under. Inset ceiling and pendant lighting. Hatch to basement. Doorway to lobby and W.C. Wood block flooring.

Basement Storage Room

4.12m x 3.61m plus recess (13' 6" x 11' 10") Accessed via wooden steps. Strip lighting. Electric meter and consumer unit. The ceiling height is approx. 1.90m.

Shared Lobby

1.54m x 1.09m (5' 1" x 3' 7") With access to shared W.C.

W.C.

1.27m x 0.87m 4' 1" x 2' 10") With low level W.C.
Agents note: We are advised that a new adjoining shop premises are due to be built, and that the WC will be shared with the new shop.

Lease Terms

The premises are to be offered with the balance of a 10year full repairing and insuring commercial lease which commenced 15th June 2024. The current rent is £12,000 per annum exclusive of business rates and utilities, payable quarterly.
Rent reviews are scheduled for June 2027, June 2030 & June 2033.
The Landlord will require a deposit equal to 3 months rent. References & Personal Guarantees may be required.

Building Insurance

The Landlord will insure the property with the premium recoverable from the tenant. The tenant will be responsible for their own contents insurance.

Business Rates

The current Business Rateable Value is £4,250. This is not the amount that you would pay but the amount against which the rates are calculated. You may be eligible for Small Business Relief and may be exempt from paying business rates, prospective tenants should make their own enquiries.

Services

Electricity, mains water & drainage. No gas.

Restrictions

No hot food take-away, food requiring extraction or bars permitted.

Planning

We understand that the property benefits from Class E (formerly A1retail use). Alternative uses may be considered, subject to Landlords consent and subject to planning. All planning enquiries should be made to Thanet District Council planning department on or