Lettings R Us are pleased to have to let a established café in the heart of Midsomer Norton High street with shop frontage. Units 1 & 2 are located at high street level and the square footage is: Approximately 1000 sq ft internal area. Ready to go! A1 unit with High Street frontage. The shop sells food, hot drinks, cakes, lunches, ice-creams and a lots more. There is a three year contract left on the lease and this would be able to be renewed. Turnover on request. The café does 70/90 food covers per day plus takeout hot drinks, ice-creams and cakes. (This information has been supplied to us from the owner of the business and would need to be verified). The Units are rented out at £1900pcm + VAT and the fixtures, fittings, stock, lease and goodwill can be sold for £70,000 (Selling due to personal reasons). Service charge is £150pcm. Available now.
Holly Court is a thriving community of small independent businesses, occupiers include an hairdresser, cafe, beauty salon, tanning studio and pizza restaurant. Holly Court is managed on a day to day basis by the tenants. The large council owned car parks to the rear are free and rarely full.
Holly Court uses standard leases and so there are no ingoing legal costs for tenants unless tenants wish to use their own solicitor. VAT to be paid on top of the rent.
Important Note: The following charges are not included in the advertised rent of the property.
TENANTS: If you choose to take the tenancy on one of our properties we will ask you to pay an agency fee (to cover the referencing) of £240.00 inclusive of VAT. This fee is taken as a holding fee to reserve you the Property and also it covers the cost of credit checks and referencing. Our deposits are calculated as the same amount as one month’s rent and if pets are allowed then this would usually be six weeks deposit up to two months deposit. (This will be stipulated in the description). The agency fee is non-refundable if you decide to withdraw from the tenancy or if you fail your credit checks, it will be refundable if the landlord decides to withdraw. We do not charge renewal fees every six months, after the initial period the contract will run monthly periodical.
Late Payment Charges - £20 for non-standing order mandate or late payment and £10 every week thereafter.
Key Lose - Should the tenant lose their keys and the agent/landlord have to let them in or if the tenant needs to come to the office to collect the keys to let themselves in, then a fee of £10 inclusive of VAT will be applicable.
Breakage Clause – If the landlord allows then the tenant can be released from the contract on payment of 50% of the first months’ rent (plus VAT) (E.G. If the monthly rent was £600, the fee would be £360 inclusive of VAT or £300 (Inclusive of VAT), whichever is greater. Once a new tenant has moved into the property the liability will be on the new tenant and the current tenant will be released from the contract. (Should your rental amount be higher or lower than the example price, your breakage fee will be correspondingly higher or lower).
Initial Contract Fees – TBC (Dependant if using our agreement or if a solicitor is involved). If using ours £358.80 inclusive of VAT.
Duplicate Contract Fee (If Required) - £90 inclusive of VAT
Duplicate Inventory Fee(If Required) - £90 inclusive of VAT
New Contract Fee (If Required) - £118.80 inclusive of VAT
VAT is payable at the prevailing rate on all of our fees. It is included where a fixed amount is quoted but where a percentage is applied to a figure the percentage will be plus VAT. (Shown in the example with the VAT included).
1) Introduction Only Service – 1st Month’s Rent (120% inclusive of VAT). (Applicable to Unmanaged properties only) (E.G. If the monthly rent was £500, the fee would be £600 inclusive of VAT on the first month) Payable for each letting where the tenant is introduced through the Agent.
2) Full Management Service – 18% inclusive of VAT of Each Month’s Rent. (Applicable to Managed Properties only). (E.G. If the monthly rent was £500, the fee would be £90 inclusive of VAT on the first month)
The fees under the above service are payable when any individual or organisation enters into an agreement to rent the property as a result of our promotion, introduction, or viewing by the Agent. In the examples: Should your rental amount be higher or lower than the example price, your commission fee will be correspondingly higher or lower.
Initial Contract Fees – TBC (Dependant if using our agreement or if a solicitor is involved). If using ours £358.80 inclusive of VAT (Applicable to Unmanaged properties only)
Unmanaged: Agreement Admin Fee £90 (inclusive of VAT)
Unmanaged: Inventory Fee £90 (inclusive of VAT)
Deposit Protection Service £60 (inclusive of VAT)
Legionella Risk Assessment Fee £120 (inclusive of VAT)
Contract Termination Fee (If Managed) £300 (inclusive of VAT)
Major Works Fee 18% inclusive of VAT of major works over £250. (E.G. If the works are £260 then the additional cost would be £46.80 inclusive of VAT). If the works are higher or lower than the example price, your commission fee will be higher or lower).
Duplication/Testing of Keys Yale -£6 (inclusive of VAT)
Chubb - £9 (inclusive of VAT)
Gas Safety Record £84 (inclusive of VAT)
Portable Appliance Testing £54 (Inclusive of VAT) for 15 items, £3 (including VAT per item thereafter).
Chimney Sweep £72 (Inclusive of VAT)
Energy Performance Certificate Assessors Fees Will Vary as Commercial – Set by Third Party Company
All fees are shown including VAT. There are also examples shown where a price cannot be given. Should your rental amount be higher or lower than the example price, your commission fee will be correspondingly higher or lower.
Property Particulars: We endeavour to make our property particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective renters only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.
Redress Scheme: The Property Ombudsman - https://www.tpos.co.uk/
Tenancy Deposit Scheme: We lodge deposits with the DPS – Deposit Protection Scheme
Client Money Protection Insurance – Member of Client Money Protect - CMP004791