Letting summary

29 Peel Avenue

Situation
The unit is situated on the lower level adjacent to Vision Express with retailers close by including H&M, Base Menswear, JJB Sports and Marks & Spencer. The exact location is shown on the attached letting plan.

Accommodation
The unit is arranged on ground floor only and offers the following approximate dimensions and gross internal floor area:-

• Internal Width 22ft11in (7.00m)
• Shop Depth 110ft6in (33.75m)
• Ground Floor Area 2,460sq ft (191.75 sq m)
• Mezzanine Area 1,686sq ft (156.59 sq m)
• Total 4,146sq ft (348.34 sq m)

Lease
The premises are available by way of a new lease contracted-out of the L&T Act for a term of 15 years on an effectively full repairing and insuring basis, incorporating 5 yearly upward only rent reviews.

Rental
Rental offers are sought in the region of £412,500 per annum or a percentage of turnover, exclusive of VAT, to be agreed, whichever is the highest, and exclusiveof service charge, rates and VAT.

Service Charge
The budget service charge for the year ending 31st March 2008 is £41,500 pa exclusive of VAT and a 7.5% management charge.

Rating Assessment
We are verbally advised by the Local Rating Authority that the premises are assessed for rating purposes as follows:-

• Rateable Value - £300,000
• Rates Payable (2007/2008) - £133,200

Interested parties are advised to make their own investigations with Trafford Borough Council on 0161 912 1212

Viewing
By appointment through Martin Acton (020 7152 5201)martin.acton@eur.cushwake.com