A well-presented three storey retail premises with an open plan sales area extending to 1,402 sq ft with a floor-to-ceiling glazed frontage and suspended ceiling and ceramic tiled floor in the sales area. There is a further glazed street-facing display area at first floor, to the rear of which is a store, kitchen and welfare facilities with stairs leading to the second floor providing additional storage accommodation. The sales area is very well presented throughout and offers a blank canvas for a multitude of retail activities.
Location
The property is located in one of the busiest pedestrianised areas of the town, adjacent to a wide range of national retailers and close to public car parking. Newcastle under Lyme’s town centre is currently undergoing significant redevelopment with a new multistorey car park, office space and residential development shortly to commence on the former council offices site. New student housing accommodation has also recently opened in the town with more similar developments currently under construction, which is having a significantly positive impact.
Accommodation
Ground floor
Sales Area: - 1,402 sq ft
First floor
Storage - 354 sq ft
Kitchen - 19 sq ft
M & F WC’s
Second floor
Storage- Storage - 513 sq ft
Total NIA - 2,288 sq ft
Terms
SERVICES - Mains water, drainage and electricity are connected. Electric blow heaters installed at ground floor. No services have been tested by the agents.
VAT - The rent is subject to VAT.
BUSINESS RATES:
Rateable Value: £31,000
Rates Payable: £7,734.50 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.
TENURE - Available by way of a new Full Repairing and Insuring lease for a term of years to be agree, subject to rent reviews every three years and with each party bearing their own legal fees. Alternatively, the freehold can be made available and interested parties are invited to make an offer for same.
RENT - £20,000 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 pedestrianised town centre
- Total NIA: 2,288 sq ft with ground floor sales extending to 1,402 sq ft
- Available by way of a new lease
- Next door to WH Smiths and Clintons
- Neighboring operators include HSBC, Boots, The Works and McDonald’s
- EPC: TBC