How many Shops & Retail Units listings are available to rent in Strand?
There are currently 4 Shops & Retail Units available to let near Strand.
These listings feature a variety of retail unit types, with an average size of 1,975 sq ft.
The largest size available to rent is 4,700 sq ft.
The thriving commercial centre and excellent transport links in Strand make it an ideal location for businesses to find a suitable Shop or Retail Unit to rent.
How much does it cost to rent a Shop or Retail Unit in Strand?
The average asking rent for Shop or Retail Unit in Strand is about £330 per sq ft. Factors such as location, footfall, building condition, nearby retailers, and lease terms all affect rent levels.
What is the largest Shops & Retail Units available to rent in Strand?
The largest Shop or Retail Unit available to rent is 4,700 sq ft and the smallest is 252 sq ft. The average size of Shop or Retail Unit available to rent in Strand is approximately 1,975 sq ft.
What use class do Strand shops to rent fall under?
Retail properties generally fall under Use Class E (formerly A1), which includes shops, showrooms, cafes, hairdressers, and some financial services. This offers flexibility for occupiers, but always confirm local planning rules with the local authority.
What types of retail units are available in Strand?
Retail spaces available range from high street shops, corner units, and parade shops to shopping centre units, kiosks, and destination retail in leisure or outlet parks. Units vary in size, frontage, and footfall exposure.
What should I consider before renting a retail unit?
Key considerations include location, target customer base, footfall, frontage, accessibility, loading/delivery access, planning use, lease flexibility, and nearby occupiers. It’s also essential to factor in service charges, business rates, and fit-out costs.
What is typically included in a retail lease?
A standard lease outlines rent, term length, service charges, repair obligations, permitted use, and break clauses. Most leases are full repairing and insuring (FRI), meaning the tenant is responsible for upkeep and insurance costs unless negotiated otherwise.
Do I need planning permission to change the use of a shop?
Possibly. Many retail properties now fall under Use Class E, which allows greater flexibility. However, if you're changing to a takeaway (sui generis), clinic, or residential, planning permission may be required. Always check with the local planning authority.
Are business rates included in shop rents?
No. Business rates are a separate cost, unless the lease is all-inclusive. Small businesses may qualify for Small Business Rate Relief (SBRR), which can significantly reduce or eliminate rates payable depending on the property's rateable value.
Can I sublet or assign my retail lease?
This depends on your lease terms. Some agreements allow subletting or lease assignment with the landlord’s consent. It’s important to confirm this upfront if flexibility is a priority for your business.
How do I find the right retail unit in Strand?
Start by browsing online commercial platforms like LoopNet. Define your budget, preferred location, unit size, and target market. It can also help to speak with a local commercial agent who understands Strand's retail landscape.