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COMMERCIALSOLD STC

Market Square, Stoke-On-Trent

£750,000
Keates, Stoke On Trent
PROPERTY TYPE

Shop

SIZE

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Key features

  • Potential Income of £70,000 per annum
  • Highly prominent corner unit fronting intu's Potteries Shopping Centre
  • Currently producing £45,000 pa
  • High footfall
  • Located adjacent to TUI and Greggs

Description

Part let retail investment opportunity producing £45000 p an with a potential income of £70,000 p an. Two prime retail units opposite the main entrance to the Potteries Shopping centre with nearby occupiers including Boots, Primark and Marks & Spencer's. The vacant unit is understood to have A1 planning consent. The accommodation is approximately 2,080 sq ft over three floors with the ground floor retail space being 716 sq ft and a similar sized area at first floor level. The Vacant unit is currently being advertised at ban asking rent of £25,000 p an and has so far generated strong intertest. The unit occupied by Greggs is let out on a ten-year lease from13th September 2017 at a rent of £45,000 p a with a tenant break option deferred by deed to 13tyh September 2025 there is a five-month rent free period from October 2020.

Location

The property occupies a highly prominent corner
position directly opposite intu's 630,000 sq ft
Potteries Shopping Centre, which has an annual
footfall of 12 million, and has attracted quality names
such as Superdry, JD, H&M, Beaverbrooks and
Pandora.

The subject properties are located amongst household
names such as Primark, M&S, TK Maxx, Boots,
Poundland, Greggs and TUI Travel

Accommodation

We understand the property provides for the following areas:

Vacant Unit:
Ground floor Retail: 63.38 sqm / 736 sqft
Basement Anc. 4.8sqm / 52sqft
First Floor Anc. 57.23sqm / 616 sqft
Second Floor Anc. 62.80sqm / 676sqft
Total 193.21 sqm/ 2080 sqft

Freehold

Asking price of £750,000 plus Vat. The vendor would also consider splitting selling each unit separately.

Planning

We understand that the property currently benefits from A1 use class. A planning application has been lodged to vary consent to allow for A5 uses class re takeway and coffee shop. (This information is given for guidance purposes only and prospective tenants are advised to make thier own enquires to. The Planning Department of Stoke City Council.

Brochures

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Energy Performance Certificates

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Market Square, Stoke-On-Trent

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stoke-on-Trent Station1.3 miles
  • Longport Station2.0 miles
  • Longton Station3.0 miles

About the agent

Keates, Stoke On Trent

84 Church Street, Stoke-On-Trent, ST4 1BS

Keates, Stoke On Trent

A family firm stretching back to the 1920s. With the purchase and integration of both Stanley Keates & Sons offices our business expanded to cover all of North Staffordshire. Now under the ownership of Andrew & Richard Johnson the is once again a family firm.

The owners are both Chartered Surveyors and deal with Residential and Commercial property. The firm has now rebranded back to its roots and updated its image. With new IT, a new website and an updated image to drive its growth thr

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Notes

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Disclaimer - Property reference 10647704. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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 Keates, Stoke On Trent. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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