59-67 Market Street, Crewe, CW1 2EY

Summary

A large mid terraced retail unit with 5,600 sq ft of ground floor sales plus an area of first floor ancillary storage or office accommodation; size to be negotiated with the landlord. The property is located in a prime location surrounded by large national companies on the pedestrianised
section of Market Street in Crewe town centre. Crewe is currently undergoing huge regeneration with a scheme agreed in 2017 to drastically improve the area. The regeneration includes demolishing some of the older retail buildings and the old bus station and replacing these with a new bus station
as well as a large multistorey car park, all of which will significantly improve the area. The premises benefits from a substantial frontage to Market Street and a rear loading bay with HGV access, a goods lift and air conditioning to the sales area. There is the option to split the unit for the right tenant(s)
although a single let is preferred. There is the opportunity for the ingoing tenant to apply for the repurposing our highstreets grant, available via Cheshire East Council. Up to £30,000 is available to pay for refurbishment, equipment and a new shop front.

https://www.cheshireeast.gov.uk/business/major_regenerati
on_projects/crewe-town-centre-regenerationprogramme/repurposing-our-high-streets/repurposing-ourhigh-street-grants.asp

Key Points

Services

Mains electric, water and drainage are connected. Heating and cooling is provided by multiple air conditioning units. No services have been tested by the agents.

VAT

VAT is payable on the rent.

Tenure

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

Business Rates

Rateable value £102,000
Rates payable £50,898 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.

Location