50 Stafford Street, Stoke-on-trent, Staffordshire ST1 1JB

The property comprises a high yielding convenience store investment forming part of a popular local parade. Arranged across ground and first floors, the ground floor is let on a new 15 year lease to a private individual trading as a convenience store. The lease is a renewal of an existing tenancy and is currently paying a rent of £18,000 per annum. There is a fixed uplift in 2026 to £25,000 and the vendor will "top up" the rent to this level. The first floor accommodation includes kitchen, bathroom and three rooms, we consider there may be potential for conversion to alternative uses, including residential (subject to existing leases and any requisite consents).

The property benefits from a prominent frontage to Stafford Street, one of the principal retail streets in Stoke-on-Trent. The area is the focal point for the first phase of Hanley town centre redevelopment. This included the resurfacing and pedestrianisation of the surrounding roads, with the second phase of the regeneration including a £20m levelling up fund award for the provision of a comprehensive mixed-use development immediately to the south. The Potteries Shopping Centre is to the north of the property, whilst the two adjacent streets form the main pedestrian routes between the Market Square and Stafford Street. The property therefore forms part of the epicentre of the retail and leisure offering in the town and experiences high levels of footfall, local occupiers include Primark, KFC, Boots, and TK Maxx.