A very well-presented open plan retail unit extending to 8,589 sq ft forming part of a popular shopping centre development with a floor-to-ceiling glazed frontage, suspended ceiling and ceramic tiled floor in the sales area. There is a customer changing room at the rear, along with staff office and kitchen. The sales area is very well presented throughout and offers a blank canvas for a multitude of retail activities. On the lower ground floor is a large stock room extending to 2,013 sq ft with roller shutter access into the shared loading bay and service area, off the A53. The property is heated by a warm air system and has a lift giving access from ground to lower ground level.
Location
Moorlands Shopping Centre is located in the centre of Leek and is occupied by large national retailers such as Wilko, Home Bargains and Iceland. The site has parking for over 100 cars and is a 2 minute walk to the town centre and dozens and smaller shops, pubs, bars and cafes. Unit 2 forms part of the large island site on Brook Street within the towns prime retail core.
Accommodation
Ground Floor:
Sales Area - 6,320 sq ft
Changing rooms - 144 sq ft
Staff kitchen - 71 sq ft
Office - 42 sq ft
WC
Lower Ground Floor:
Basement storage - 2,012 sq ft
TOTAL NIA: 8,589 sq ft
Terms
SERVICES - Mains water, drainage, gas and electricity are connected. Warm air heating system is installed at ground floor. No services have been tested by the agents.
VAT - The rent is subject to VAT.
BUSINESS RATES:
Rateable Value: £57,000
Rates Payable: £14,221.50 pa (22/23)**
** During 2022/23 the Chancellor set out a new relief for eligible retail, hospitality and leisure properties with 50% relief on rates bills up to £110,000 per business. Prospective tenants should make their own enquiries to confirm the amount of business rates payable for their proposed use of the property.
TENURE - Available by way of a new Full Repairing and Insuring lease, by way of service charge for a term of years to be agreed, subject to rent reviews every three years and with each party bearing their own legal fees.
RENT - £60,000 pax
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
- Prime retail premises in shopping centre development
- Total NIA: 8,589 sq ft with ground floor sales extending to 6,320 sq ft
- Available by way of a new lease
- Next door to large national retailers, Home Bargains and Iceland
- Parking for over 100 cars available in front and above the unit
- EPC: 47 (Band B)