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Retail Property (high street) to rent

Piccadilly, Stoke-on-Trent, Staffordshire

Let Agreed £12,500 pa (£1,042 pcm)
833 sq. ft.

Property Description

Commercial information

  • 833 sq ft (77 sq m)

Full description

Prominent ground floor retail premises located within the heart of Hanley Town Centre providing an excellent trading location.

Location - The property is situated within the pedestrianised area of Hanley Town Centre Conservation Area at the junction with Fountain Square and adjoining Tontine Square. The property is also within a short distance from the Intu Potteries Shopping Centre, as well as being a main link between Piccadilly and the city centre. Other occupiers in the immediate vicinity include Spec Savers Opticians, Lloyd's TBS and HSBC. The City Centre is a principal shopping and leisure destination with an estimated retail population of some 750,000.

Description - The premise fronts onto the junction of Piccadilly and Fountain Square and consists of:

* Retail area with concertina doors.
* Suspended ceiling with integrated air-conditioning unit.
* Rear preparation area and office,
* Basement with full head height.
* Toilet facility

Accommodation - Net frontage: 5.6m
Retail depth: 7.58m
Sales area: 42.60 sq m (458 sq ft)
Preparation area: 22.80 sq m (245 sq ft)
Office: 12.10 Sq m (130 sq ft)
Basement: 43.97 sq m (473 sq ft)

Business Rates - 1 Piccadilly (Shop and premises) £25,000 (£12,325 payable at the standard rate). The draft rating assessment for April 2017 is £22,500.

The standard non-domestic rating multiplier is 49.7 Pence in the pound. The small business non-domestic rating multiplier is 48.4 Pence in the pound, for properties with a rateable value up to £18,000. Bjb recommend parties make their own enquiries into any further business rate relief which maybe available.

Rent & Lease Terms - The ground floor is available at a rent of £12,500 per annum on a new lease for a term to be agreed with a rent review at the second year anniversary. The agreement will include a service charge provision for external maintenance and repairs.

The premise is available from 22nd March 2017.

Legal Costs - The ingoing Tenant will be responsible for the Landlords reasonable legal costs incurred with the preparation of the lease.

Viewings - Strictly by appointment via bjb commercial, Head Office, Lake View, Festival Way, Stoke-on-Trent ST1 5BJ. Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.

Vat - Vat will be applicable.

As the Sellers agent, we are not Surveyors or Conveyancing experts and as such we cannot and do not comment on the condition of the property or other issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain the possession of bjb.

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Property reference 25786460. The information displayed about this property comprises a property advertisement. 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 Butters John Bee Group Limited, Stoke-On-Trent.

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