Thought to have originally been built as a banking hall in the early 1900’s the property comprises a robustly constructed and Regency styled premises of brick elevations supporting pitched roof surfaces, internally arranging in open plan. The ground floor has been stripped back to an open plan shell showing its potential to accommodate a wide range of commercial uses and the first floor comprises an open plan office area together with kitchen and male and female toilets. There is also a very useful attic storage area providing 302 sq ft of archive storage space. In addition, is dry basement storage, part of which comprises the bank vault, extending to 485 sq ft. The staircase leading to the first floor is conveniently positioned to the left-hand side, immediately in front of a former entrance door to the front elevation, making the separation of the ground and first floor particularly easy.
Location
The property has approximately 30 feet roadside frontage to Haywood Street located in the town centre and forms part of an established and popular parade of commercial buildings. The Smithfield Centre is immediately opposite and there is plenty of public parking nearby. Leek is an attractive market town situated approx. 10 miles northeast of Stoke on Trent and within close proximately to the Peak District National Park, which makes the town popular with tourists.
Accommodation
Ground Floor
Sales aera: 1,649 sq ft Attic Storage: 302 sq ft
First Floor
Office: 828 sq ft Basement Storage: 485 sq ft
Kitchen: 252 sq ft
Store: 22 sq ft
Male & Female W.C.s -
Total NIA: 2,751 sq ft
Terms
SERVICES - Mains water, drainage and electricity (3-phase 100 amps) is connected. There are a number of air conditioning units at ground and first floor providing heating and comfort cooling. No services have been tested by the agents.
VAT - The rent/sale price is not subject to VAT.
TENURE - Available by way of a new Full Repairing and Insuring lease for a term of years to be agreed, subject to ret reviews every three years and with each party being responsible for their own legal fees. Subject to further negotiations, the landlord is prepared to offer assistance in relation to the refurbishment of the property. Alternatively, the freehold is available, subject to contract and with vacant possession upon completion.
RENT - £16,000 pax
PRICE - £225,000
BUSINESS RATES:
Rateable Value: £19,000
Rates Payable: £9,481 pa (23/24)
CONVERSION/ALTERNATIVE USES - As a former banking hall, the property will have an E(c)(i) ‘provision of financial services’ Use Class Order, which makes it suitable for a range of retail, office and leisure uses that fall within the same ‘E’ Classification. Other uses may also be permitted, subject to planning where applicable. The property is located outside the Conservation Area, which makes external adjustments more permissible. There are skylights incorporated into the external roof surface that would flood the first floor with natural light if a residential conversion was undertaken.
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
- Former banking premises suitable for a range of commercial/residential uses (STP)
- Would suit retail, office, medical and leisure (STP where necessary)
- Total NIA 2,751 sq ft with open plan ground floor sales extending to 1,649 sq ft
- Prominently located A53 in the town centre opposite the Smithfield Centre
- Excellent scope to convert first floor into residential (STP)
- EPC: 51 (Band C)