Description
- Ground floor commercial unit
- 492 ft in total
- Open plan space
- Within the Westminster Arcade
An opportunity to lease a retail unit within the well established Westminster Arcade, fronting Parliament Street.
The subject premises is one of 12 units within the comprehensively refurbed arcade. Situated on the ground floor and offering predominantly 492 sq ft of open plan space the unit is ideal for various retail occupiers and is available to lease imminently.
A water supply has recently been connected to the unit, with pipework present to install a basin if required.
Taking enquiries - viewings available.
Brief Terms
Terms: Leasehold. The property is available on a new lease the terms of which are to be negotiated.
Rateable Value: £9,700
For the 2026/27 rating year, business rates are calculated using a tiered multiplier system. For properties with a Rateable Value below £51,000, multipliers range from approximately 38.2p for qualifying Retail, Hospitality and Leisure uses to 43.2p for other property types, subject to eligibility.
Small business rate relief may also be available.
Interested parties should make their own enquiries with North Yorkshire Council to confirm the exact rates payable. FSS accepts no liability for any changes to business rates or the accuracy of this information.
Services: All mains services are connected to the property.
There is a service charge payable of £3,780 per annum. The current service charge includes heating, refuse collection, security and a caretaker for the communal areas of the arcade.
VAT: The property is elected for VAT.
Legal Costs: Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.
Planning: Interested parties are advised to make their own enquiries of the local planning authority in respect of planning proposals if any change of use is envisaged.
Viewing: If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.