For RentRetailUnverified

No 2 The Maltings, Mill Street, Oakham LE15 6EA

Oakham, East Midlands LE15 6EA

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Rent
£11,000 pa
Size
376 sq ft
Listed
Today

Property Description

Size - 376 Sq Ft Price/Rent - £11,000 per annum VAT - Applicable Service Charge - £600 fixed for 2 years Buildings Insurance - Circa £300 per annum Rateable Value - RV £6,700 increasing to £7,300 from 1st April 2026 Legal Fees - Ingoing tenant is liable for their own legal costs and a £750 + VAT contribution towards the landlords legal fees EPC - B (40) A purpose-built ground floor retail unit with triple aspect windows to Mill Street and the covered walkway leading to the Maltings and to The Maltings itself. The space is open plan with a change in levels to the wood strip floor and there are storage cupboards and a Kitchen/Wc to the rear. Location The Maltings is located just off Mill Street, a popular retail and food shopping Street in the Centre of Oakham and No 2 is on the corner of Mill Street and the covered Maltings Walkway. 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 £11,000 + VAT. Rent is paid quarterly in advance on quarter days and a deposit equal to 3 months rent including VAT will be required. Sole traders and start up businesses will require a PG with proof of assets and/or a 6 month deposit. There is a service charge of £600 + 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 £300 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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