Retail - High Street to let

LOCATION

The premises are located within Mansfield Town Centre on the pedestrianised lower section of Leeming Street a short distance from The Market Place. 

The property is adjacent Rima-Faz Bangladeshi Restaurant and Phat Buns.  Other occupiers in the locality include Industria Bar, Harmony Health Clinic, The Garrison Pub and Just Mortgages.

DESCRIPTION

The premises comprise part of a three-storey mid parade building forming Imperial Buildings believed to be constructed in 1901.  The premises benefit from an attractive feature façade with gated entryway and recessed entrance. The sales area has electric heaters and LED lights to suspended ceiling (not tested).

The premises provide ground floor sales together with basement being part offices with LED lights (not tested) and part storage, toilet and kitchenette.

ACCOMMODATION

The accommodation can be more fully described as follows:

Basement –                       68 sq m (   732 sq ft) (with toilet and kitchenette)

Ground Floor Sales –      81 sq m (   880 sq ft)

Total Net Internal Area – 149 sq m (1,612 sq ft)

 TENURE

A new internal repairing and insuring lease to be granted on terms to be agreed.

RENTAL

£12,500 pax.

RATING ASSESSMENT

The VOA on-line List has the unit as follows.

Rateable Value (2026) £11,500

There will be 100% Small Business Rate relief given that the premises are under the £12,000 threshold (for qualifying occupiers.)

Applicants are advised to make their own enquiries with the Valuation Office Agency and Mansfield District Council and no warranty is given by the landlords or New West Ltd.

PLANNING

The premises are situated within the Conservation Area and are Grade II Listed.

The premises traded for a number of years for a retail use and this comes within Class E (from 1st September 2020).

This includes alternative Financial & Professional Services (under the old A2) and Cafes (under the old A3), Offices (under the old Class B1(a) and, Research & Development (under the old Class B1(b)).

The new Use Classes also allows certain Clinics, Health Centres, Gymnasiums or Indoor Sports and Recreation under Class E (having been formerly within Class D1 and D2).

The landlords do not want A4 (bar) or A5 (take-away) type uses.

Interested parties should contact Mansfield District Council Planning Department.  Telephone: 01623 463463.

The landlords nor New West Ltd offer any warranty in respect of the Planning (existing or proposed) Building or Fire Regulations.

COMMERCIAL ENERGY PERFORMANCE CERTIFICATE

The premises are assessed as E114 to 2031.  Certificate no: 0671-0714-1970-5064-5053.  Copies of the EPC and Recommendations Report are available upon request.

LEGAL FEES

The incoming tenants to pay £600 plus VAT towards the landlord’s legal costs.

BUILDINGS INSURANCE

The landlords insure the buildings as a whole and recover a proportion of the premium in respect of the basement and ground floor annually in advance.

RENT BOND

The tenants will be required to lodge a minimum quarters rent bond to be held during the lease.  

FIRE ALARM

The landlords test and service the fire alarm system and recover the cost from the tenants.

VAT

We understand that the landlords will not charge VAT in respect of the premises.  However, the position with regard to VAT is reserved at all times.

MONEY LAUNDERING POLICY

In accordance with Money Laundering Regulations, two forms of ID/Address will be required and confirmation of the source of funding from the successful tenant.

MANSFIELD BID

The premises are in the Mansfield Business Improvement District (BID) and the new tenants are responsible for payment of any levy.

Interested parties are asked to undertake their own enquiries with Mansfield BID.  Telephone: 01623 635674 or [email protected]