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Commercial Premises With 1st Floor Stores, 51-53 Merrial Street , Newcastle under Lyme, ST5 2AE

2,590 Sq Ft / Retail / General Retail

To Let - £20,000.00 per annum

Available - Last updated: 19 November 2021

The accommodation comprises a town centre retail premises which benefits from glazed frontage to the up and coming Merrial Street. The unit comprises an open plan sales area which benefits from a ground floor sales area of 1,339 sq.ft, the unit has previously been used as a café/restaurant, but would suit alternative uses (STP)

Location

The property occupies a prominent position on Merrial Street next to Astley Walk arcade. There are a number of public car parks within walking distance with the nearest multi-storey yards away. Nearby businesses include The Co-operative Bank, Specsavers, Thirsty Giraffe , Holland and Barret, Clarks, Ten Green Bottles and Café Nero.

Accommodation

Ground Floor:

Sales Area: 1,339 sq.ft.

Stores/Staffroom: 114 sq.ft.

WC: –

1st Floor:

Open Plan Sales/Store Area: 1,040 sq.ft,

Total NIA: 2,590 sq.ft.

Terms

SERVICES - We have been advised that mains water and electricity services are connected to the property. No services have been tested by the agents.

VAT - The rent is subject to VAT.

EPC - TBC

PLANNING - The unit currently has A3 (restaurant and Café) use.

BUSINESS RATES:

Rateable Value: £18,000 (17/18)

Rates Payable: £8,388 pa

TENURE - The property is available by the way of a new lease on a full repairing and insuring basis (by way of service charge) for a term to be agreed. Subject to rent reviews every five years and with the incoming tenant being responsible for the landlords legal fees.

RENT - £20,000 + VAT

Specification

  • Town Centre former Showroom premises which has most recently been used as a café/restaurant (A3) located on Merrial Street.
  • Ground floor sales area 1,550 sq. ft. (NIA) with first floor stores 1,040 sq. ft. (NIA)
  • Within walking distance to Iron Market and High Street.
  • Would suit alternative uses (STP)
  • *Incentives available*

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £20,000.00 per annum

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Contact agents

Agency Team

Rory Mack Associates Ltd

01782 365492



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