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Commercial Property for sale

62-64, Piccadilly, Hanley, Stoke-on-Trent, Staffordshire, ST1 1HX

Removed £250,000
3,207 sq. ft.

Property Description

Commercial information

  • 3,207 sq ft (297 sq m)

Full description

Tenure: Freehold

Prominently located and occupying a corner position in the pedestrianised Cultural Quarter of Hanley town centre. Within the immediate vicinity are a number of other bars, restaurants and nightclubs as well as the Regent Theatre. There are a number of public car parks within close proximity.
When the new `Business Quarter´ is developed on the former Unity House site, Piccadilly will become one of the principal pedestrianised thoroughfares between the town centre providing an ideal opportunity for lunchtime and early evening trade.

An attractive art-deco bar/restaurant prominently located at the junction of Piccadilly and Pall Mall in the Cultural Quarter of Hanley town centre. The ground floor area offers open plan accommodation, previously used as a bar although ideally suited for restaurant purposes. The first floor has a similar layout with its own bar and toilet facilities make it completely self-contained and suitable for private functions. The basement provides additional public and private accommodation including a fully fitted kitchen, served by two dumb waiters accessing the ground and first floor.

Ground Floor:
Bar/Function Area: 1,034 sq. ft.

1st Floor:
Bar/Function Area: 1,262 sq. ft.
Male & Female WC´s: -
Cellar: 242 sq. ft.
Store: 53 sq. ft.
2 x Offices: 112 sq. ft.
Kitchen: 504 sq. ft.
Male & Female WC´s: -
WC & Shower: -
Total NIA: 3,207 sq. ft.

Note: Subject to further negotiation, the property can be split as each floor has its own independent access. For further information, please contact the agents.

All mains services are connected. Gas fired central heating. Air conditioned to ground and 1st floor. Fire alarms. 3-phase electricity. Please note that no services have been tested by the agents.

Rateable Value: £30,000
Rates Payable: £14,790 pa (15/16)

The rent/sale price is not subject to VAT.

RENT (For the whole)
Year 1 £25,000 PAX
Year 2 £27,500 PAX
Year 3 £30,000 PAX
Year 4 £32,500 PAX
Year 5 £35,000 PAX

Previously used as a bar, the premises has previously been licensed until 4am. Now Licensed:
Monday to Thursday: 11am - 11.30pm
Friday to Saturday: 11am - 12.30am
Sunday: 11am - 11.30pm

Asset Rating 69 (Band C)

The whole is available by way of a new full repairing and insuring lease for a term of years to be agreed and with the incoming tenant being responsible for landlord´s reasonable legal fees. If the property is split, each floor will be required to pay an equal amount towards the repair/maintenance to the building externally. Alternatively the freehold is available, subject to contract and with vacant possession upon completion.

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

More information from this agent

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