Retail/Fast Food Takeaway Investment, 100 College Road, Shelton, ST4 2BJ

A prominently located end of terrace retail premises arranged over two floors of brick elevations supporting pitched tiled roof surfaces together with an enclosed yard area to the rear. The ground floor comprises a sales area trading as a general groceries and convenience store together with store and a separate sales area, internally linked and with its own external entrance door, which operates as a hot food takeaway. At first floor are a number of rooms currently used for storage purposes. The entire property is let to an individual on a Full Repairing and Insuring basis at a passing rent of £18,000 pa who operates the businesses within

Location

The property occupies a prominent position on a busy main road in a mixed-use area within the student quarter associated with Staffordshire University and has an extensive frontage to College Road and a return frontage to Beresford Street.

Accommodation

Ground Floor

Sales area - 568 sq ft

Takeaway - 334 sq ft

Store - 103 sq ft

First Floor

Store 1 - 528 sq ft

Store 2 - 302 sq ft

Mezz Storage - 147 sq ft

WCs x 2

Total NIA - 1,982 sq ft

Terms

SERVICES - All mains’ services are connected. No services have been tested by the agents.

BUSINESS RATES - Rateable Value: £14,500

VAT - The sale price is not subject to VAT

TENANCY - The whole property is let by way of an FRI lease from 27^th December 2021 to the 26^th December 2026. The rent duringyear one is £16,000 pa rising to £18,000 pa (from 27^th December 2022 until the end of the term). A copy of the lease can be made available to interested parties.

TENURE - The property is available freehold, subject to contract and with the benefit of the existing lease.

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

• Retail/fast food takeaway investment opportunity
• Period property in busy student quarter near Staffordshire University
• Let on FRI lease expiring 26th December 2026 at a passing rent of £18,000 pax
• Located in busy mixed-use area and extending to 1,982 sq ft
• EPC: TBC