8 Piccadilly, 8 Piccadilly, Stoke-on-trent

The property comprises a large retail unit occupying a corner position on a prime pedestrianised street.

Arranged across ground and first floors, the property offers 1,775 sq ft (164.9 sq m) of accommodation and offers an opportunity to create a high yielding retail investment. We consider the estimated rental value (ERV) fo the property to be in the order of £20,000 and there are several adjacent units paying in excess of this figure. The current rateable value of £26,000 is indicative of this evident asset management potential.

The property forms part of a popular prime parade fronting a pedestrianised street in the centre of Hanley and benefits from a return frontage to Stafford Street, 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 and the street forms one of the principal thoroughfares between the central square and the surrounding retail amenities. The property therefore forms 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.