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Retail/Office Premises In Prominent Location, 61-63 Lower Street, Newcastle under Lyme, ST5 2RS

2,966 Sq Ft / Retail / General Retail

For Sale - £225,000.00

To Let - £17,500.00 per annum

Available - Last updated: 16 July 2021

An attractive art-deco premises briefly comprising a self-contained ground floor sales area with A2 consent (Professional Services) together with separately accessed and selfcontained first floor office accommodation. The ground floor is currently being used for office purposes and benefits from gas fired central heating, suspended ceilings and part glazed internal partitioning. There is also a useful storage area to the rear that could be incorporated into the office accommodation extending the ground floor to 1,473 sq. ft. The first-floor area is very well presented throughout and arranged in open plan.

Location

The property prominently features on the edge of Newcastle town centre having frontage to the A34, part of the towns Ring Road. Adjoining the property are a number of other commercial premises offering a range of services, including a restaurant operator.

Accommodation

Grd Floor

Sales/Office Area 861 sq. ft

Kitchen 69 sq. ft

Rear storage 543 sq. ft.

Male & Female WC’s -

1st Floor

Office Area 1,493 sq. ft

3 x WC’s -

Total NIA 2,966 sq. ft

Terms

SERVICES - All mains services are connected. Gas fired central heating is installed. Fire alarm and burglar alarm with dial out facilities. Please note that no services have been tested by the agents.

VAT - The sale price/rent is subject to VAT.

EPC - Rating 89 (band D)

BUSINESS RATES:

Grd Floor

Rateable Value: £5,000

Rates Payable: £2,495 pa (20/21)

1st Floor

Rateable Value: £7,700

Rates Payable: £3,842.30 pa (20/21)

Please Note: If you qualify for Small Business Rates Relief you will be entitled to a 100% exemption.

TENURE - The property is available by the way of a new Full Repairing and Insuring lease for a term to be agreed and with the incoming tenant being responsible for the landlord’s reasonable legal fees. Alternatively, the freehold is available, subject to contract and with vacant possession upon completion

PRICE - £225,000

RENT - £17,500 pax

Specification

  • Prominently located retail/office premises
  • Spacious open plan 1st floor accommodation
  • Attractive art deco building with frontage to A34
  • Ground floor sales/office area 861 sq ft
  • Total NIA 2,966 sq ft (275 m2)
  • EPC 89 (band D)

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £225,000.00 NA
  To Let £17,500.00 per annum

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Agency Team

Rory Mack Associates Ltd

01782 365492



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