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COVID-19 caused the residential market to pause following a spring bounce. As we exit lockdown we are seeing the strong pre-COVID market return. We are here to help so please call us if you are thinking about buying or selling or require expert property advice.

Stay safe, keep well and stay in touch.

COVID-19 Latest Update

COVID-19 caused the residential market to pause following a spring bounce. As we exit lockdown we are seeing the strong pre-COVID market return. We are here to help so please call us if you are thinking about buying or selling or require expert property advice.

Stay safe, keep well and stay in touch.

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Property Description

Former Bank premises suitable for A2 (office) use, retail or other uses (subject to planning).
Approx 793 sq ft (73.72 sq m).
Ancillary space available if required
New lease
Free all day parking nearby

Location
The property is situated opposite the Bear Inn at the bottom of the High Street close to the junction with the one way system. In the near vicinity there is an interesting mix of local shops and eateries. There is a Boots The Chemist and a Coop food store nearby to the rear of which there is an all day car park in Carrington Way which is currently free of charge for periods of up to 12 consecutive hours. Wincanton is an attractive Somerset town with a population of close to 5,000. There is excellent access to the A303 and the town lies approximately 13 miles north of Shaftesbury and some 33 miles west of Salisbury. There are established industrial and commercial centres on the southern fringes of the town.

Description
The premises form part of the former Lloyds Bank building and comprise the main banking hall which is essentially open plan in nature and of regular shape. The existing cash desks and associated partitioning will need to be removed and WC facilities provided. The ancillary space to the rear of the banking hall is also available, if required, and comprises a further good sized room off which there is a safe as well as a smaller room. There are two parking spaces to the rear.

Accommodation
Approximate Net Internal Areas

Shop frontage 6.3 m (20’ 8”)
Shop depth 11.7 m (38’ 5”)

Retail area 73.7 sq m (793 sq ft)

The following ancillary areas are available in addition, if required:
Open Plan area 50.2 sq m (540 sq ft)
Room 15.5 sq m (167 sq ft)
Safe 12.9 sq m (139 sq ft)
* The ancillary areas are not included in the quoting rent.

Lease
The premises are available on a new lease for a term to be agreed.

Rent
£7,500 per annum
Rent is exclusive of VAT (if applicable), business rates (if applicable), buildings insurance and all other outgoings.

Business Rates
The current Rateable Value for the whole property including ancillary areas and further first floor accommodation is £8,500. Assuming a letting of the banking hall area only, the rateable value will need to be reassessed.

The small business rate multiplier for the year 2018/19 is 48.0 p in the £.   However, where the rateable value is £12,000 or less, eligible ratepayers will receive 100% small business rate relief and therefore no rates will be payable.

Services
We understand that mains electricity, water and drainage are all connected to the property.

Caution
Woolley and Wallis Commercial have not tested the services mentioned in these particulars.

Planning
Prospective tenants must satisfy themselves as to the permitted planning uses for the property and also whether VAT is applicable to this transaction.

Legal Costs
Both parties reasonable legal costs are to be borne by the ingoing tenant.

Code of Practice
You should be aware that the Code of Practice on commercial leases in England and Wales recommends that you seek professional advice from a qualified Surveyor, Solicitor or Licensed Conveyancer before agreeing or signing a business tenancy agreement. The code is available from professional institutions and trade associations or through the website www.commercialleasecodeew.co.uk.

References
Financial and accountancy references may be sought from any prospective tenant prior to agreement.

Energy Performance Certificate
The premises have an EPC falling in Band D.

Viewing
Strictly by appointment only through Woolley & Wallis Commercial (01722 330333)

Map

Shortlist

Market Place, Wincanton, BA9

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