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Former Public House Suitable For Other Uses, Nelson Place, Newcastle-under-Lyme, ST5 1EB

1,458 Sq Ft / Leisure / Pubs/Bars/Clubs

To Let - £15,000.00 per annum

Let - Last updated: 19 November 2021

A very prominently located former public house with basement storage accessed off Ironmarket in the centre of Newcastle-under-Lyme. Formerly used as a licenced bar/club (A4) the property offers excellent potential for a range of alternative uses to include bar, restaurant, retail or professional offices, subject to planning where necessary.

Location

The property occupies a prominent position overlooking the Nelson Place round-a-bout which forms part of the ring road around Newcastle-under-Lyme. The property is located on the corner of the Ironmarket and Ryecroft (Ring Road), within the town centre conservation area. Newcastle is currently undergoing significant investment with the recent completion of the new Civic Offices located within 50 yards which is adjacent to Queens Gardens. Ironmarket boasts a number of boutique shops, bars and eateries within a 1-minute walk of Nelson Place.

Accommodation

Ground Floor Bar/Sales Area: 1,458 sq. ft.

The premises currently has an open plan retail area accessed from Ironmarket. The former bar area is still in place to the rear of which are the ladies and gents toilets, and access to the basement.

Cellar: Housing all the barrel lines with dray drop located off Queens Parade

Terms

VAT - The rent is not subject to VAT.

SERVICES - All mains services are available subject to any reconnection which may be necessary. No services have been tested by the agents.

PLANNING - Formally used as a licence bar/club (A4), now Sui Generis which covers a range of different uses.

BUSINESS RATES - Will need to be reassessed due to the upper floors being converted to residential. The agents estimate that the rateable value will be in the region of £15,000 based on the existing assessment.

TENURE - Available by the way of a new internal repairing and insuring lease for a term of years to be agreed subject to rent reviews every three years and with each party bearing their own legal fees in connection with the lease.

RENT - £15,000 pax

EPC - 100 Band D.

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

Specification

  • Self-contained ground floor premises
  • Prominently located in town centre
  • Would suit Restaurant, Retail, or Professional Offices, (STP)
  • Total NIA 1,458 sq.ft. • EPC: 100 (Band D) 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £15,000.00 per annum

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