Location
The property is located on a prominent corner in Caxton Gate, where New Street and Cannon Street meet. The property is adjacent to Muji and other retailers in this popular retail area include Jigsaw, Puma, H&M, Oasis, Jane Norman, Waterstones and Urban Outfitters.
Accommodation
The property has the following approximate floor areas:
| Ground Floor Sales | 1,183 sq ft | 110 sq m |
| First Floor Sales | 1,680 sq ft | 156 sq m |
| Second Floor Store | 3,000 sq ft | 279 sq m |
Lease
The property is currently held on a 15 year FRI lease, structured inside of the Landlord and Tenant 1954 Act, expiring 25th December 2014.
Rent
The passing rent is £300,000 per annum exclusive.
Business Rates
Rates Payable 2011/12: £90,497
Interested parties are advised to make their own enquiries with the Local Authority.
Legal Costs
Each party is to be responsible for their own legal costs incurred in the transaction.
Viewing
Staff are unaware, so inspections are to be arranged strictly by appointment only. Please contact:
Peter Woods: pwoods@ormeretail.co.uk
Olivia Jackson: ojackson@ormeretail.co.uk
