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Office for sale

1 Vale View, Porthill, Newcastle-under-Lyme, Staffordshire, ST5 0AF

Withdrawn from Market £175,000
2,256 sq. ft.

Property Description

Commercial information

  • 2,256 sq ft (209 sq m)

Full description

Tenure: Freehold

LOCATION
The property is prominently located at the entrance to Vale View, which is accessed via Porthill (A527) and is 50 yards of the A500. Newcastle town centre is approx. 2 miles.

DESCRIPTION
A substantial three storey, semi-detached former dance studio originally constructed as a private residence, having more recently been extended at ground floor and converted into a Dance Studio. The ground floor comprises a coffee lounge together with a reception area and a large dance studio with two further studios at first and second floor level. To the rear is a tarmacked parking area providing four on site car parking spaces.

ACCOMMODATION
Ground Floor:
Entrance Porch: 39 sq. ft.
Coffee Lounge: 236 sq. ft.
Reception Area: 239 sq. ft.
Dance Studio: 714 sq. ft.
Storage: 77 sq. ft.

1st Floor:
Male/Female WC´s: -
Dance Studio: 612 sq. ft.

2nd Floor:
Dance Studio: 343 sq. ft.
Office: 266 sq. ft.

Total NIA: 2,526 sq. ft.

SERVICES
Mains water, drainage and electricity are connected. Gas fired central heating installed. Air conditioning in ground floor dance studio. No services have been tested by the agents.

TERMS
Available by way of a new full repairing and insuring lease for a term of years to be agreed, subject to rent reviews every three years and with the incoming tenant being responsible for landlords reasonable legal fees. The property is also available freehold, subject to contract. **Please note there will be a restricted covenant on the property to prohibit anybody using the building as a dance studio, for duration of 10 years.**

OUTGOINGS
Rateable Value: £9,300 (2017)
Rates Payable: £4,464 p.a. (16/17)
Note: If you qualify for Small Business Rates Relief you will be entitled to a 100% discount on the Rates Payable, from April 2017.

VAT
The sale price/rent is not subject to VAT.

PLANNING
Currently benefiting from a D2 Use Class Order (Assembly and Leisure). The property may suit alternative uses, subject to planning to include:
B1 (Offices)
D1 (Day Nursery)
A2 (Professional Services)
HMOs and Residential Conversions

OTHER
LOCAL AUTHORITY
N-U-L Borough Council
Tel. 01782 717717


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