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118 - 124 High Street, Newcastle under Lyme, ST5 1PT

7,443 Sq Ft / Retail

Let - Last updated: 03 April 2024

GENERAL DESCRIPTION 

A large retail unit with 5,641 sq ft ground floor sales with lower ground floor storeroom, staff canteen and welfare facilities. The property is located in a central location surrounded by a number of national companies such as Nationwide, Cash Converters and Poundland. The sales area has extensive window frontage to the High Street and offers an excellent town centre opportunity that would suit a wide range of retail and leisure operators, STP where necessary. There is a rear loading bay with service area, goods lift, air conditioning to the sales area and gas fired central heating to the lower ground. The property also benefits from 4 staff car parking spaces to the rear of the building.

Location

LOCATION 

The property forms part of an established parade of retail units with office uppers. Neighboring units include Nationwide, CEX and the very popular Clubhouse entertainment and leisure complex which includes the multiscreen Vue cinema. The property is a 2 minute walk from the Bus Station and is directly in front of the Lymelight Boulevard multistorey carpark.

Accommodation

ACCOMMODATION 

 
Ground Floor Sales 
                           5,856 sq ft 
 
Lower Ground Floor 
Storeroom           1,012 sq ft 
Staff kitchen           575 sq ft 
M & F staff toilets        --- 
 
Total NIA             7,443 sq ft

Terms

TENURE 

Available by way of a new Full Repairing and Insuring lease by way of service charge for a minimum of 3 years or multiples thereof with rent reviews every 3 years and with each party bearing their own legal costs associated with the lease. 

Specification

SERVICES 

Mains gas, electric, water and drainage are connected. Heating and cooling is provided by multiple air conditioning units. Gas fired central heating to lower ground floor. No services have been tested by the agents. 
 
VAT The rent is not subject to VAT.
 
BUSINESS RATES 
Rateable value £XXX Rates payable standard £XXX pa (23/24) Note: Retail, hospitality and leisure relief – You could be entitled to 75% off your business rates bills for the 2023 to 2024 tax year (1 April 2023 to 31 March 2024).
 
ANTI MONEY LAUNDERING REGULATIONS 
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds. 


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