Mill Street, Oakham
£600 PCM (Tenant Fees)

TO LET ON LEASE
PROMINENT RETAIL UNIT
EXTENDING TO APPROXIMATELY 320 SQ. FT.
SITUATED IN THE PREMIUM RETAIL AREA OF TOWN CENTRE

DESCRIPTION
A rare opportunity to rent a prominent ground floor commercial premises within a character building, in the town centre of Oakham.

This prominent ground floor commercial premises located on Mill Street being accessed directly from Mill Street with good display window.

The accommodation briefly comprises Front Retail Shop, Rear Room, Rear Store Room and WC, extending to approximately 320 sq. ft internally.

ACCOMMODATION

GROUND FLOOR

Front Retail Shop (4.34m x 3.94m (14'3" x 12'11"))
Dual aspect windows to High Street and Mill Street.

Rear Room (3.25m x 2.06m (10'8" x 6'9"))

Store Room (2.49m max x 2.36m max (8'2" max x 7'9" max))

WC (1.17m x 1.24m (3'10" x 4'1"))
With low level WC, wash hand basin and electric water heater

LEASE TERMS
We would envisage that this property will be let on an internal repairing lease with the Tenant being responsible for all internal repairs, internal decoration and to decorate the external woodwork and the Landlord being responsible for insuring the building, all external and structural repairs.

Each party would be responsible to pay their own legal fees incurred in the preparation of any lease.

DEPOSIT
The Tenant is to be responsible to pay a deposit equal to three months' rent which is to be held for the duration of the lease by the Landlord as security. The deposit will be returned to the Tenant in full at the end of the lease assuming the Tenant has fulfilled all of their obligations under the lease.

SERVICES
Mains electricity
Mains water supply
Mains sewerage
Mains electric heating

According to https://checker.ofcom.org.uk/
Broadband availability: Standard, Superfast, Ultrafast
Mobile signal availability:
EE - good outdoor and in-home
O2 - good outdoor and in-home
Three - good outdoor
Vodafone - good outdoor
Results are predictions and not a guarantee.

None of the services, fittings, or appliances (if any) heating installations, plumbing or electrical systems, telephone or television points have been tested by the Selling Agents.

RATEABLE VALUE
Current rateable value (1 April 2023 to present) is £6,800 per annum.

This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.

Enquiries to Rutland County Council, Oakham 01572-722577

RENTAL
£8,500.00 per annum.

ENERGY RATING
71 C

VIEWING
Strictly through the Sole Letting Agents: Murray, Market Street, Oakham, Rutland. LE15 6DY Tel. No: 01572 755555

OFFICE OPENING HOURS
Monday - Friday 9.00 - 5.30
Saturday 9.00 - 12.00

DISCLAIMER
1. The particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract. No responsibility is assumed for the accuracy of individual items. Prospective purchasers and lessees ought to seek their own professional advice.

2. All descriptions, dimensions, area, reference to condition and necessary permission for use and occupation and their details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, or otherwise as to the correctness of each of them.

3. No person in the employment of Messrs Murray has any authority to make or give any representations or warranty whatever in relation to this property or these particulars or enter into any contract relating to this property on behalf of the vendor.

4. No responsibility can be accepted for any expenses incurred by intending purchasers or lessees in inspecting properties which have been sold, let or withdrawn.

5. It should not be assumed that the property has all necessary planning, building regulation or other consents. Where any reference is made to planning permission or potential uses, such information is given in good faith.

6. The information in these particulars is given without responsibility on the part of the agents or their clients. These particulars do not form any part of an offer of a contract and neither the agents nor their employees has any authority to make or give any representations or warranty in relation to this property.

Money Laundering Regulations 2003

Anti-Money Laundering Regulations came into force in March 2004. These regulations affect estate agents, there will be requirement that Murray's confirm the identity of its seller and buyers.

Relevant letting fees and tenant protection information
As well as paying the rent, you may also be required to make the following PERMITTED PAYMENTS:
Before the tenancy starts (payable to Murray, the Agent):
Holding Deposit: 1 week’s rent;
Deposit: 5 weeks’ rent.
During the tenancy (payable to Murray, the Agent):
An Administration Payment of £60.00 including VAT would be payable in advance if you would like changes made to the Tenancy Agreement. Please note: the Landlord’s consent must be obtained before any changes can be implemented.
Payment of interest for the late payment of rent at a daily interest on the unpaid rent at an annual rate of 3% above base rate;
Payment of the actual cost of replacing any lost key(s)/security device(s). If the loss results in locks needing to be changed, the actual cost of a locksmith, new lock and replacement keys for the tenant, landlord and any other persons requiring keys will be charged to the tenant. If extra costs are incurred, there will be a charge of £15.00 per hour for the time taken replacing the lost key(s) or any other security device(s);
Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy.
During the tenancy (payable to the provider), if permitted and applicable:
Utilities – gas, electricity, water; Communications – telephone and broadband; Installation of cable/satellite; Subscription to cable/satellite supplier; Television licence; Council Tax.
Other permitted payments: any other permitted payments, not included above, under the relevant legislation, including contractual damages.
Tenant protection: Murray is a member of the RICS Money Protection Scheme, which is a client money protection scheme, and also a member of The Property Ombudsman (TPO), which is a redress scheme. You can find out more details on Murray’s website www.murray.co.uk or by contacting Murray directly.