Rates Payable £5,400 per sq ft

Service Charge n/a

Estate Charge n/a

EPC Rating This property has been graded as D

Description

The property comprises a ground floor retail unit with public car parking available outside the premises.

Internally the property is finished to a good standard with open plan retail space with WC and staff area.

The Gross Internal Area of the property is 61.7 sq m (665 sq ft).

Investment Summary
The property is let to CCHG Ltd, which trades as VPZ on a 5-year fully repairing and insuring lease until 2030.

They are the largest independent chain of electronic cigarettes stores in Uk. The company currently operates from over 180 stores and in December 2024 reported an operating profit of £6.1m.

The lease contains rent review and break clauses on each third anniversary of the term. The current passing rent is £18,000 per annum. Further details can be provided upon request.

The business does not form part of the sale and will remain unaffected by the sale of the property.

EPC The property has an EPC rating of D valid until 2032.

Rating Assessment The rateable value of the premises as of 1 April 2026 is £12,500 and the estimated rates payable for the current year is £5,400. This is based on the standard Small Business Rates of 43.2p in the pound, however, interested parties should confirm with the local authority.

Tenure : The property is held on a long leasehold basis expiring December 3009. Further details can be provided upon request.

AML Regulations In accordance with Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.

Legal Costs
Each party is responsible for their own legal costs

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT.