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Retail Property (out of town) for sale

27 Merrial Street, Newcastle-under-Lyme, Staffordshire, ST5 2AE

Withdrawn from Market £295,000

Property Description

Full description

Tenure: Freehold

The property is situated within the pedestrianised part of the town centre, opposite the Civic Offices and forms part of a development that links Merrial Street to the Ironmarket. Public car parking is nearby.

Formerly occupied by the Post Office, the property comprises an extensive retail premises with frontage to Merrial Street and approximately 95 feet frontage to Fogg Street. The premises forms a substantial part of a town centre pedestrianised and covered retail arcade within 25 yards of the Ironmarket, one of the prime retail locations in the town. Predominantly arranged over ground floor, there is both the opportunity to split the premises to accommodate smaller requirements and there are also a number of 1st floor rooms providing additional storage/office accommodation.

Ground Floor 1st Floor
(Let/Sold as a single unit)
Sales 2,700 sq ft Office 1 240 sq ft
Office 1 36 sq ft Office 2 534 sq ft
Office 2 94 sq ft Store 26 sq ft
Kitchen 142 sq ft
Store 85 sq ft
WC´s -
Total NIA 3,857 sq ft

If the property was split it would comprise:
Unit 1 (with frontage to Merrial Street)
Sales 742 sq ft
WC -
Total NIA 742 sq ft

Unit 2 (with frontage to Fogg Street only)
Sales 1,958 sq ft
2 x office, kitchen, store & WC´s 357 sq ft
1st Floor
2 x offices & Stores 800 sq ft
Total NIA 3,115 sq ft

All mains services are available. Please note that no services have been tested by the agents.

Rateable Value: £40,750
Rates Payable: £19,193.25 pa (12/13)

The rent/sale price is not subject to VAT.

Formerly used as a Post Office the premises has an A1 Use Class Order (Retail) however, subject to planning the property may also suit Restaurant & Cafes (A3) and/or Drinking Establishment (A4).

Newcastle Borough Council
Telephone No. 01782 717717

Alternatively the whole or part only can be made available by way of a full repairing and insuring lease for a term of years to be agreed with rent reviews every three years and with the incoming tenants being responsible for landlords´ reasonable legal fees.

Strictly by appointment through agents:
Rory Mack Associates
Tel: 01782 715725
Fax: 01782 715726

More information from this agent

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