For RentRetailUnverified

12 The Maltings, Mill Street, Oakham LE15 6EA

Oakham, East Midlands LE15 6EA

CommercialUK

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Rent
£10,800 pa
Listed
Today

Property Description

Size - 570 Sf Ft Rent - £10,800 per annum + VAT Service Charge - £1,000 per annum fixed for 2 years. Business Rates - RV £10,000 from April 2026 Legal Fees - Both parties will be responsible for their own fees. A contribution of £750 + VAT towards the lease drafting fees will be payable by the ingoing tenant. Car Parking - Parking on Mill street and Pay and Display Car Parks nearby VAT - Applicable EPC - B (37) A purpose-built ground floor retail unit with dual aspect window frontage and high ceilings. The space is being returned to its original open plan condition with painted walls and a tiled floor. The Shop frontage faces the Maltings and the side window faces Crown Street Location The Maltings is located just off Mill Street, a popular retail and food shopping Street in the Centre of Oakham. Oakham is a popular Market town with markets on Wednesday and Saturdays in the market place approximately 1 minutes walk from The Maltings Terms Offered for let on a 5-year lease with 3 yearly rent reviews. Initial passing rent of £10,800 + VAT (£900 pcm + VAT). Rent is paid quarterly in advance on quarter days and a deposit equal to 3 months rent including VAT will be required. There is a service charge of £1,000 + VAT per annum paid annually on invoice for Communal areas maintenance, including painting & decorating, landscaping and Christmas lighting. . Building insurance for The Maltings is arranged by the landlord and reimbursed by the tenant as a proportion for the space rented. The insurance is renewed in September, this will be invoiced in advance for the year and is estimated to be in the region of £350 for 2025. Contents and Window glass insurance is the tenants responsibility. Break clauses and incentives may be considered for the right applicant. Please note the non- returnable contribution to the landlords legal costs is payable prior to the lease being issued.
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