10/01/2022
Opportunity to rent 29 High Street Brecon (former Punchbowl)
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 [email protected] 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
Link to internal images:
https://kuula.co/share/collection/7qkbB?logo=-1&info=0&fs=1&vr=0&zoom=1&autorotate=0.04&autopalt=1&thumbs=-1
