Prime Retail Unit on Oakham High St with possible offices over

Prime Retail Unit on Oakham High St with possible offices over

To Let £15,000


  • LOCATION

  • No 34 occupies a prime location on Oakham High Street adjacent to a pedestrian crossing and surrounded by other retail outlets including Boots the Chemist, Boots Opticians, HSBC Bank , numerous private retailers and opposite the Victoria Hall.

  • Oakham is a popular Market town and the County capital of Rutland, the smallest County in the UK. Well positioned in the Midlands close to the A1 at Greetham/Stretton with good access to other popular market towns, Stamford, Melton, Grantham and Uppingham all within 15 miles, and cities to include Peterborough and Leicester within 20 miles away. Motorway access is circa 20 miles West at Junction 21a, via the A46 from Melton Mowbray.

  • DESCRIPTION

  • The Building is believed to be Oakhams oldest building dating back to the 13th or 14th Century. Built of stone beneath a Westmorland Slate roof, the property is Grade IIlisted.

  • ACCOMMODATION

  • Occupying 3 units, each with its own door onto High Street the Shop comprises a total of 850 Sq Ft retail space plus 187 Sq Ft of Kitchen and Storage space. There are 3 night storage heaters. A combined Kitchen and Storage space to the rear and a separate WC.

  • The First Floor is currently vacant and could be leased with the shop. Originally the building had an internal staircase linking the 2 floors and the Heritage department within the Council would be happy to see this staircase re-instated (Subject to listed Building Consent). The First Floor is currently accessed by an adjoining door off the High Street

  • AMENITIES

  • Being on the High Street, all local amenties are immediately avaiable. The bus station is approximately 2 minutes walk and the train station 5 minutes walk.

  • SERVICES

  • We are advised that all mains services with the exception of gas are connected to the property. These services have not been inspected or tested by the agent.

  • TERMS

  • The property is available by assignment of the existing lease which has approximately 5 years to run. The passing rent is £15,000 per annum with a review in April 2021. A 3 month rent deposit will be required and rent is paid quarterly in advance.

  • OUTGOINGS

  • According to the VOA website the Ratable Value for Flores House, 34 and 34a High Street is £16,950. Rutland County Council apply a multiplier of between 0.48 and 0.493 pence in the pound dependant on the business. Small business have a multiplier rate of £48p in the pound. Specific enquiries should be made to Rutland County Council on 01572 722 577

  • VAT

  • We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.

  • LEGAL COSTS

  • The ingoing tenant will contribute £500 Plus VAT towards the Landlords legal fees

  • PARKING NOTES

  • There is no parking allocated or associated with the property. Long stay permits are available in Church St Car Park, a 2 minute walk. There is 1 hour parking for visitors on High Street and Church Street.

  • OTHER

  • P & F Commercial is the trading name of F & P Partners Ltd and was formerly known as Moores Commercial. All emails sent to Moores Commercial will be forwarded to P & F Commercial and all data held by F & P Partners Ltd. will remain unchanged by the rebrand.

  • VIEWING

  • Strictly by prior appointment via the sole agents P & F Commercial Tel: 01664 431330 or via email office@pandfcommercial.com


    Property Details

    • Reference: 10361
    • Type: Retail
    • Status: To Let

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