Commercial Property for sale

29 Piccadilly, Stoke-on-trent, ST1

1,549 sq. ft. | £200,000

Property Description

Commercial information

  • 1,549 sq ft (143 sq m)

Full description

Tenure: Freehold

*** RETAIL INVESTMENT GUARANTEED BY A FTSE 250 MULTICHANNEL RETAIL GROUP WITH OVER 800 STORES AND A TURNOVER IN EXCESS OF £2BILLION ***


The property comprises a traditionally constructed, two-storey, mid-terrace building which has been refurbished to a high standard in recent years. The property provides sales accommodation over two floors; interconnecting with the neighbouring 27 Piccadilly (Infinities) at ground and first floor level.

Accommodation
Max Internal Width: 4.90m (16.50 ft)
Built Depth: 19.06m (62.50 ft)
GF Sales: 60.57 sq. m (652 sq. ft)
GF Storage : 9.67 sq. m (105 sq. ft)
FF Sales: 52.64 sq. m (567 sq. ft)
FF Storage: 11.42 sq. m (123 sq. ft)
FF Storage: 9.67 sq. m (104 sq. ft)

Services: All mains utilities services are understood to be available.

Planning: The existing use of the property is falls within Use Class A1 (Shop and Premises) of the Town and Country Planning (Uses Classes) Order 1987.

Rating: The property is classified as a shop and premises and has a 2010 rateable value of £11,000.

Tenure: Freehold

Occupation:
The property is occupied by Infinities Retail Group Limited www.infinities.co.uk trading as Resole www.resole.co.uk under the terms of a lease dated 15 September 2014. Infinities Retail Group operates from 12 locations across Staffordshire, Cheshire, Merseyside, Manchester and Yorkshire.

The salient points of the lease are:

Term: 10 years from 14 April 2014
Rent: £18,000 per annum until 13 April 2017 increasing to £20,000 per annum until 13 April 2019
Rent Review: 14 April 2019
Tenant Break: 14 April 2019
Full Repairing & Insuring lease terms

The lease is subject to a Deed of Variation, under which the Tenant Break is varied to the effect that the Tenant may break the lease on 18 November 2018 upon giving three months' written notice. Further and in addition the Deed of Variation provides for a mutual break on 18 November 2019 upon either party giving three months' notice.

The lease is guaranteed by a FTSE 250 multichannel retail group with over 800 stores nationwide and a turnover in excess of £2billion.

Price: £200,000

VAT: VAT is applicable on the purchase price.

Legal Costs: Each party is to be responsible for their own legal costs.

EPC: EPC Asset Rate C67.

Subject to Contract

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Stoke-on-Trent (1.2 mi)
  • Longport (2.0 mi)
  • Longton (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hammond Chartered Surveyors, Newcastle Under Lyme

Lymedale Business Centre Hooters Hall Road, Newcastle Under Lyme, ST5 9QF

01782 955036 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stoke-on-Trent (1.2 mi)
  • Longport (2.0 mi)
  • Longton (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hammond Chartered Surveyors, Newcastle Under Lyme

Lymedale Business Centre Hooters Hall Road, Newcastle Under Lyme, ST5 9QF

01782 955036 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 425. 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 Hammond Chartered Surveyors, Newcastle Under Lyme. 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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