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50 Stafford Street, 50 Stafford Street, Stoke-on-trent

Guide Price
£125,000

Business rates & charges may apply

Savills, Savills, Auctions
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SECTOR

Commercial property for sale

Key features

  • High Yielding Convenience Store Investment
  • Let on a New 10 Year Lease
  • Renewal of Existing Tenancy
  • Producing £25,000 per annum
  • Prime Corner Pitch
  • Guide Price Reflects 20% Gross Yield

Description

The property comprises a high yielding convenience store investment forming part of a popular local parade

Arranged across ground and first floors, the ground floor is let on a new 10 year lease to two private individuals trading as a convenience store. The lease is a renewal of an existing tenancy and is currently paying a rent of £18,000 per annum. There is a fixed uplift in 2026 to £25,000 and the vendor will "top up" the rent to this level.

The property benefits from a prominent frontage to Stafford Street, one of the principal retail streets in Stoke-on-Trent. The area is the focal point for the first phase of Hanley town centre redevelopment. This included the resurfacing and pedestrianisation of the surrounding roads, with the second phase of the regeneration including a £20m levelling up fund award for the provision of a comprehensive mixed-use development immediately to the south.

The Potteries Shopping Centre is to the north of the property, whilst the two adjacent streets form the main pedestrian routes between the Market Square and Stafford Street. The property therefore forms part of the epicentre of the retail and leisure offering in the town and experiences high levels of footfall, local occupiers include Primark, KFC, Boots, and TK Maxx.

50 Stafford Street, 50 Stafford Street, Stoke-on-trent

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stoke-on-Trent Station1.3 miles
  • Longport Station2.0 miles
  • Longton Station3.0 miles

Notes

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Disclaimer - Property reference A5FC5722-BA58-4E4B-941F-FAD994D89488. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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