Retail/Shop To Let, Axminster

1 Victoria Place is located in the heart of Axminster town centre close to a number of independent and national occupiers including Symonds and Sampson Estate Agents, Banking Hub and George Hotel.

The market town of Axminster has a residential population of approximately 6,000 plus a large rural catchment. Victoria Place is on the A358 the main arterial road through the town centre.

Ground Floor Shop With Basement Storage

Approx Area: 2,593 Sq Ft (240.09 Sq M)

Prominent Location In Popular Market Town

To Let: £22,500 P.a. Plus Vat

Suitable For A Variety Of Uses (subject To Consent)

1 Victoria Place Is Located In The Heart Of Axminster Town Centre Close To A Number Of Independent And National Occupiers Including Symonds And Sampson Estate Agents, Banking Hub And George Hotel.

The Market Town Of Axminster Has A Residential Population Of Approximately 6,000 Plus A Large Rural Catchment. Victoria Place Is On The A358 The Main Arterial Road Through The Town Centre.

Description
Occupying A Prominent Corner Position This Property Comprises A Ground Floor Shop With Basement Storage.

This Retail Unit Is Currently Trading As A Costa Coffee, In Its Current Configuration The Unit Has A Large Counter Area In The Centre And A Seating Area Which Wraps Around It Making The Most Of The Large Display Windows. To The Rear Of The Counter Is A Small Office / Store, And There Are Also Three Wcs.

The Basement Is Separated Into A Series Of Storage Rooms.

This Property Is Well Presented And Benefits From 3 Phase Electric.

Accommodation
The Approximate Floor Areas According The Valuation Office Website Are:

Ground Floor (sales And Store/office): 1,840 Sq Ft (170.9 Sq M)
Basement (store): 750 Sq Ft (70 Sq M)

Lease Terms
The Property Is Offered By Way Of An Assignment Of The Existing Lease.

The Lease Is Drawn On An Contributory Full Repairing And Insuring Basis For A Term Of 15 Years, Expiring 16th October 2032 And With A Tenant Break Option In 16th October 2027 Subject To 12 Months Written Notice.

The Current Rent Is: £22,500 Per Annum.

Deposit, Accounts And References
A Deposit, Proof Of Accounts And References May Be Required Subject To Tenant Status.

Vat Is Chargeable To The Rent.

Both Parties To Bear Their Own Legal Costs In The Transaction.

An Epc Is Available For This Property And The Rating Is B32.