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Restaurant to rent

Piccadilly, Stoke-on-Trent, Staffordshire

Let Agreed £24,950 pa (£2,079 pcm)
3,000 sq. ft.

Property Description

Commercial information

  • 3,000 sq ft (278 sq m)

Full description

A well presented commercial premises most recently used as a restaurant/bar but also potential for alternative uses including professional offices or retail. The property is located within Hanley Cultural Quarter within close proximity to The Regent Theatre and Hanley Museum as well as a range of other commercial retailers.

Ground Floor - 130 sq m (1,400 sq ft)

Consists of a rectangular seating area with bar servery and 2 x dumbwaiters. There is access to the first floor from the front and rear. Access to the basement is at the rear.

First Floor - 102 sq m (1,100 sq ft)

Provides open plan seating area with bar servery and ladies/gents toilets. The front access leads down to the main doors and the rear access leads into the ground floor seating area.

Basement - Access is located to the rear of the ground floor seating area and consists of a range of facilities including:

* Commercial kitchen with 2 x dumb waiters and cooler store.
* Ladies and gents toilets.
* Office and stores

Business Rates - The VOA website advises the rateable value for 2017/18 is £13,000. The small business multiplier is 46.6p up to a rateable value of £51,000. The Small Business Rate Relief has increased to 100% for businesses with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000. Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Services - All mains services are available subject to any reconnection which may be necessary.

Planning - Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Tenure - Leasehold on a new full repairing and insuring Lease for a term to be agreed. It will be for the ingoing Tenant to obtain a premises licence if required.

Rent - The premise is offered with an initial rent of £24,950 per annum assuming an assured minimum five year term and rent review at the second year anniversary.

Proof Of Identity - To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Legal Costs - The ingoing tenant is responsible for the landlord's legal costs in connection 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 is applicable.

IMPORTANT NOTICE
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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