The Maltings Oakham LE15 6EA

The Maltings Oakham LE15 6EA

To Let £8,750


  • LOCATION

  • This retail unit is situated in The Maltings is just off Mill Street, which is a popular retail and food shopping Street in the Centre of Oakham.

  • 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. Peterborough Nottingham and Leicester are within 25 miles. Motorway access is circa 20 miles West at Junction 21a, via the A607/A46 from Melton Mowbray.

  • DESCRIPTION

  • A purpose-built ground floor retail unit with excellent window frontage and high ceilings, the space was formerly used as a beauty salon and treatment rooms followed by an ice cream and waffle outlet.

  • ACCOMMODATION

  • Central recessed entrance door with window to either side
  • Overall dimensions of 8.9m x 4.45m (28'10" x 14'6")
  • The unit is substantially open plan with a small Kitchen area to the rear with Wc and Cloaks.

  • SERVICES

  • We are advised that all main services are connected to the property. These services have not been inspected or tested by the agent.

  • TERMS

  • Offered for let on a 5-year lease with 3 yearly rent reviews. Initial passing rent of £8,750 + VAT
  • Break clauses and incentives may be considered for the right applicant. A 3-month deposit will be required and rent is paid quarterly in advance.
  • A Personal Guarantee or larger deposit may be required for new start up businesses.
  • The tenant will contribute to the Landlords Buildings Insurance which is anticipated to be circa £225 + VAT for the first year.

  • OUTGOINGS

  • The current rateable value for the property is £5,500 per annum, interested parties are advised to contact Rutland County Council for any rate relief assistance available.

  • VAT

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

  • LEGAL COSTS

  • A contribution of £500 + VAT towards the lease drafting fees will be payable by the tenant at the time of agreement to lease.

  • SERVICE CHARGE

  • There is a service charge for the upkeep and maintenance of the common parts within the Maltings, this will include external painting and decorating, landscaping and Christmas lighting. The service charge has been set at £1,000 and for the first 2 years of the lease will be capped at that level

  • PARKING NOTES

  • There is no parking with the property. Long terms parking permits are available for Public Car Parks in Oakham Town Centre.

  • OTHER

  • .

  • VIEWING

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


    Property Details

    • Reference: 10505
    • Type: Retail
    • Status: To Let

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