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Retail Premises In Prominent Location, 12-16 Town Road, Hanley, Stoke-on-Trent, ST1 2JQ

12,600 Sq Ft / Retail / General Retail

For Sale - £450,000.00

To Let - £50,000.00 per annum

Available - Last updated: 19 November 2021

The property comprises a prominently located steel framed three storey retail property with an extensive glazed frontage to Town Road and return frontage to Glass Street. The property is arranged in an open plan format with a wide central staircase providing access to the upper floors, offering ancillary storage/retail accommodation also suitable for residential conversion, subject to planning where necessary. All floors are lift served and have toilet facilities and there is a large goods loading area fronting Glass Street

Location

The property benefits from a prominent corner position at the junction of Glass Street and Town Road and is directly opposite the principal entrance to the Intu Potteries Shopping Centre within which a wide range of household named retailers are located. There are also a number of public and privately operated car parks within 50 yards of the property.

Accommodation

Ground Floor

Sales Area: 3,684 sq ft  (342.4 sq m)

Loading Bay: 201 sq ft  (18.7 sq m)

WCs: - -

First Floor

Sales Area/Stores: 3,374 sq ft  (313.6 sq m)

Kitchen: 164 sq ft  (15.3 sq m)

WCs: - -

Second Floor

Sales Area/Stores: 4,284 sq ft  (398.2 sq m)

WCs: - -

Basement Storage 893 sq ft  (83.0 sq m)

Total NIA: 12,600 sq ft  (1,171.2 sq m)

Terms

FOR SALE - £450,000

TO LET - £50,000 pax

PLANNING - Currently used for retail purposes the property benefits from a ‘E’ Use Class Order which includes:

  • Non-residential institutions (medical/health services, crèches, day nurseries and centres)
  • Financial & Professional Services
  • Food & Drink (mainly on the premises)
  • Business (office, research and development and light industrial process)
  • Assembly and Leisure (indoor sport, recreation or fitness, gyms)

Other uses may be suitable to include the conversion of the upper floors into residential accommodation, subject to planning where necessary.

In February 2020 a pre-Application proposal was submitted to sub-divide the ground floor into 4 self contained retail units together with conversion of the upper floors and the creation of an additional storey to provide 5 x one bedroom and 9 x two bedroom flats. This was welcomed by the planning dept, subject to detailed drawings being submitted and approved. For further information to include existing and proposed floor plans and Feasibility Study please contact the agents.

EPC - Band C (Asset Rating 58)

VAT - The sale price and rent will be subject to VAT.

BUSINESS RATES:

Rateable Value: £59,500

Rates Payable: £30,464 pa (20/21)

Note: Due to the coronavirus, business rates payable on all retail properties are currently suspended until further notice.

TENURE - A new full repairing and insuring lease is available for a term of years to be agreed subject to periodic upward only rent reviews. Alternatively, the freehold is available subject to contract and with vacant possession upon completion. In both cases each party will bear their own legal fees.

Specification

  • Substantial three storey retail property with extensive roadside frontage
  • City centre location opposite Intu Potteries Shopping Centre
  • NIA: 12,600 sq ft (1,171 m2) with ground floor sales of 3,684 sq ft (342 m2)
  • Available freehold or by way of new lease
  • EPC: 58 (Band C)
  • Excellent scope for residential conversion of upper floors and sub-division of ground floor retail accommodation (STP)

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £450,000.00 NA
  To Let £50,000.00 per annum

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Contact agents

Agency Team

Rory Mack Associates Ltd

01782 365492



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