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4 The Woolmarket, Cirencester – Prime Retail

pa £18,000
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Available

LOCATION

Located in the heart of the town The Woolmarket is a popular shopping centre situated at the junction of the Market Place, Forum Car Park and Dyer Street. To the rear is situated the Waterloo Car Park. Shop 4 is prominently located in the middle of the shopping centre in direct view as you enter The Woolmarket from Dyer Street.

Cirencester is the ‘Capital of the Cotswolds’ and is by far the largest town in the Cotswold District, having a population of around 20,000 it is a thriving historic market town.  Cirencester is located roughly mid-way between Swindon, 15 miles to the southeast, and Cheltenham & Gloucester to the north-west.

The town is a major centre for the local road network, where 8 ‘A’ Class roads converge on the town, the most important of which, the A419/A417 trunk road, provides the link between the M4 and the M5.

A range of long standing tenants occupy The Woolmarket including Chickadee children’s clothes & gift shop, Ride 24/7 (cycle shop) and Cafe Mosaic, as well as a range of other shops, salons and offices. Argos and M&S, The Cotswold Market Gardener, New Wave, Toomers and a range of other convenience shops are all directly opposite or within 100 metres. Cirencester boasts a wide variety of restaurants, cafes, shops, national banks, hotels, and a Post Office all within 300 metres.

DESCRIPTION

Situated in the very heart of The Woolmarket Shopping Centre the premises comprise excellent and prominent open-plan ground floor retail premises, with an option for additional first floor space which is also suitable for retail, stores or ancillary offices.  The unit enjoys prominent double frontage window display onto the shopping centre, with excellent signage opportunity above the display window and double entrance doors.

The premises have recently been fully refurbished and decorated and benefits from extensive spotlighting, electric heating and its own toilet and kitchen facility, air-conditioning could be made available.

Ample car parking is available in the Waterloo public car park at the rear of the shopping centre & the Forum car park located within easy walking distance opposite.

ACCOMMODATION

The following measurements are approximate:

Retail Area: 44’7” average x 30’2”max

Kitchen and WC

Total N.I.F.A. approx. 1,292 sq.ft. (120 sq.m.)

Optional Additional 1st Floor Space

Retail: 31′ x 19’9” average

Kitchen, WC & Baby Changing

N.I.F.A. approx. 576 sq.ft. (53.5 sq.m)

LEASE TERMS

A new lease is available for a minimum term of 3 years, to be excluded from the Landlord & Tenant Act 1954.

Rent: £18,000.00 per annum exclusive, payable quarterly in advance.

Deposit: A 3 month deposit will be required.

Repairs: Internal repairing and upkeep of the shop front, plus redecoration.

Insurance: Landlord insures the building, the Tenant reimburses the cost of the insurance premium approx. £400.00 per annum.  The Tenant is responsible for their own contents insurance and the plate glass.

VAT

VAT is payable.

SERVICE CHARGE

A service charge of approximately £2,300.00 per annum will be payable to the Landlord for the cost

of services to both the internal and external common parts, including a part time caretaker who opens up and closes at 18.30 (private access available), CCTV, watering/management of all tubs, pots and box planters.

BUSINESS RATES

The current rateable value is £23,000.00.

OPTIONAL ADDITONAL SPACE

Rent £6,000 p.a.x. plus service charge.

LOCAL AUTHORITY

Cotswold District Council, Trinity Road, Cirencester.  Tel: 01285 623000.

ENERGY PERFORMANCE CERTIFICATE

The property has an EPC rating of E.  A copy of the report is available on request.

Joint Letting Agent – Carter Jonas. Tel: 01865 404473

No floorplans available.

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Our Marriotts office in Faringdon is now back open and we are able to carry out valuations, viewings and site meetings by appointment, following strict government guidelines for the safety and protection of all parties.  Interest in properties has remained high throughout the shutdown, and we now find there is even more interest in both residential and commercial sales and lettings.

 

If we can be of any assistance, please call our office in the first instance, on 01367 242422, or alternatively you can call Andrew Brown on 07971 410312 or Juliet Souter on 07770 640080