Retail Property (high street) to rentPiccadilly, Stoke-on-Trent, Staffordshire
£12,000 pa (£1,000 pcm)
731 sq. ft.
- 731 sq ft (67 sq m)
DNA Menswear Designer Clothing is NOT AFFECTED. Ground floor retail premises forming part of a multi-occupied commercial building offering an excellent trading location within Hanley town centre. The Tenant being sought should compliment DNA Menswear, such as wedding shop, ladies clothing/footwear or baby and children clothing.
Location - The property is situated within the pedestrianised area of Hanley Town Centre as shown on the attached plan. 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. The City Centre is a principal shopping and leisure destination with an estimated retail population of some 750,000.
Description - The premise has an internal access off the shared corridor, which leads to the upper floors, occupied by DNA Menswear. The unit has a glazed internal frontage as well as the display window fronting Piccadilly. It is intended that the Landlord will retain 60% of the main display window. The unit consists of the ground floor retail area with wooden flooring and plastered ceiling incorporating air-conditioning. To the rear is are two changing rooms, stores and access to the large basement storage.
The premise also has CCTV and alarm, which are currently connected to the upper floors.
Potential Tenants - The Landlord is seeking specific businesses that will compliment DNA Menswear and that are not conflicting. The types of business that will be considered are:
* Ladies clothing
* Ladies footwear
* Children and baby clothing
* Wedding boutique
Accommodation - Ground floor retail: 51.64 sq m (556 sq ft)
Rear stores: 16.21 sq m (175 sq ft)
Basement: 39.80 sq m (428 sq ft)
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.
Business Rates - The Rateable Value is to be re-assessed. 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.
Services - Electric and water services will be available either by sub-meter or alternative arrangement to be agreed between the parties.
Rent - An incentive rent of £12,000 for the first year, rising to £16,000 pa there after, subject to agreed terms.
Tenure - Leasehold on a new lease for a term to be agreed.
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 - All prices are quoted exclusive of VAT which may 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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