570 sq. ft (53 m²)
Description
Rent £8,250 + VAT
570 Sq Ft overall
Size - 570 Sq Ft
Rent - £8,250 per annum + VAT for the first year
Service Charge - £1,000 per annum fixed for 2 years.
Business Rates - RV £10,000 from 1st April 2026
Legal Fees - Both parties will be responsible for their own fees. A contribution of £750 + VAT towards the lease drafting fees will be payable by the ingoing tenant.
Car Parking - Parking on Mill street and Pay and Display Car Parks nearby
VAT - Applicable
EPC - B (37)
A purpose-built ground floor retail unit with dual aspect window frontage and high ceilings. The space is open plan with painted walls and a tiled floor and there is an air conditioning unit. The Shop frontage faces the Maltings and the side window faces Crown Street
Location - The Maltings is located just off Mill Street, a popular retail and food shopping Street in the Centre of Oakham. Oakham is a popular Market town with markets on Wednesday and Saturdays in the market place approximately 1 minutes walk from The Maltings
Terms - Offered for let on a 5-year lease. Initial passing rent of £8,250 + VAT for the first year, rising to £9,500 + VAT in year 2 then a rent review at the end of year 3. Rent is paid quarterly in advance on quarter days and a deposit equal to 3 months rent including VAT will be required. There is a service charge of £1,000 + VAT per annum paid annually on invoice for Communal areas maintenance, including painting & decorating, landscaping and Christmas lighting. .
Building insurance for The Maltings is arranged by the landlord and reimbursed by the tenant as a proportion for the space rented. The insurance is renewed in September, this will be invoiced in advance for the year and is estimated to be in the region of £350 for 2026. Contents and Window glass insurance is the tenants responsibility.
Break clauses and incentives may be considered for the right applicant.
Please note the non- returnable contribution to the landlords legal costs is payable prior to the lease being issued.
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