12 Stafford Street, Stoke-on-trent

The property comprises a high yielding, multi-let, retail investment occupying a prominent corner pitch in the pedestrianised heart of Stoke on Trent.

Arranged across ground, first and second floors, the property is fully let to two tenants and producing a combined rent of £XXX per annum.

The basement, ground and part first floors are let to RAL Limited t/a Admiral on a 15 year lease expiring 23.06.2037 and paying £30,000 per annum. The lease includes 5 yearly rent reviews and a tenants break option in the 10th year.

The remaining upper parts comprise a self-contained unit let to a Private Individual t/a Hair & Co on a recently renewed 5 year lease with no breaks paying £9,500 per annum.

The property occupies a prominent corner pitch in the centre of Hanley, which 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 property therefore forms 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.