Brecon – 29 High Street – Retail

29highstreet

FOR SALE OR TO LET

Undergoing refurbishment. Prominent retail unit (827 sq ft) available to let on a new lease.  Also, freehold building offered for sale includes upper floors with planning consent (16/13213/FUL) for conversion to three flats and stable block to rear.

UPDATE JANUARY 2022 – TENANT PROPOSALS INVITED BY 21 JANUARY 2022

The Landlord is inviting proposals from any interested parties in taking a lease of the ground floor retail unit on the following terms:

  • –  6 months rent free
  • –  Next 12 months at proposed reduced rent of £500 per month
  • –  Proposed rent for months 18 onwards at £950 per month – lease length flexible but ideally 5 years
  • –  Tenant break option at the end of 18 months on giving 3 months notice. This is intended to provide tenants with the flexibility of ending the tenancy if business does not materialise as expected
  • –  Tenant is responsible for all outgoings including electricity, gas, water bills and business rates payable to Council. The current Rateable Value is £13,250 with the multiplier for the current year at £0.535 meaning full rates payable would be £7,088.75 less any rates reliefs that may be available – currently COVID 19 relief is available to the retail sector giving 100% rates relief
  • –  Tenant will be responsible for internal repairs and shopfront only and will not be under an obligation to hand back in any better condition than at the start of the lease
  • –  Each party to bear own legal costs except that in the event of the tenant withdrawing after the lease has been issued it will make a contribution of £250 plus VAT towards the Landord’s abortive costs. The Landlord will be using the standard Law Society Business Lease.
  • Times for viewings:
  • Thursday 13 January 2pm to 4pm
  • Friday 14 January 2pm to 4pm
  • Saturday 15 January 2pm to 4pm
  • Please confirm in advance if you are intending to attend for a viewing so that we can allocate times
  • Interested parties should provide details of their proposals by email to sh@stuarthogg.com by 21 January 2022 which will be put forward to the Landlord for consideration and will be assessed on the basis of the strength of the business plan and projected sustainability of the business. Any evidence to support the tenant’s proposals will be helpful in enabling the Landlord to make an informed decision.If any prospective tenants have any queries or would like to discuss before making a proposal please do not hesitate to contact Stuart Hogg on 07723 923770

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