The property comprises a retail unit of three-storey brick and tile construction with a timber framed shop front and provides a sales area on the ground floor together with ancillary stockroom space at first and second floor levels.
The property was previously tenanted by Thorntons and provides an ideal opportunity for an ingoing tenant to acquire a high street outlet ready for early trading.
Location
The property is prominently situated in Stafford town centre on the west side of the pedestrianised Greengate Street between its junctions with Market Square and St Mary’s Passage and immediately adjacent to CO-OP TRAVEL. Branches of MCDONALD’S, SAVERS, STARBUCKS, CLINTONS, TIMPSON, W H SMITH, WATERSTONES are in the immediate vicinity.
Accommodation
Gross Frontage - 20ft
Net Frontage - 19ft 3ins
Maximum Width - 19ft 3ins
Shop Depth - 40ft 10ins
SALES AREA - 555 sq ft
First Floor - Storage and staff - 455 sq ft
Second Floor - Storage - 590 sq ft
TOTAL FLOOR AREA - 1,600 sq ft
Terms
The premises are available on a new full repairing and insuring lease for a term to be agreed at a rental of £XXX per annum, exclusive of rates and VAT, with upward only rent reviews to be at five yearly intervals. The landlord insures the property and then recharges the tenant the cost thereof.
SERVICES
Mains water, electricity and drainage are connected.
ASSESSMENTS
The local authority for rating purposes is Stafford Borough Council. The rateable value of the property is £XXX with uniform business rates payable of £XXX for the year ending March 2021. Please note that the rates payable calculation may vary as a consequence of transitional relief provisions. These details have been based on the information provided by the Valuation Office's website and should be double-checked by any party intending to enter into any commitment that relies on their accuracy. The premises are rates free until April 2021 as a consequence of the Government’s Coronavirus business mitigation scheme.
EPC
The Energy Performance Certificate issued for this property indicates an Asset Rating of 93 within Band D. A full certificate with recommendations will be provided on request.
LEGAL COSTS
Both parties are to be responsible for their own legal costs incurred in the preparation of the lease and counterpart lease, together with any Stamp Duty and VAT due thereon.
Specification
- 1,600 sq.ft. (148.64 sq.m.)
- Previously let to Thorntons
- Adjacent to Co-op Travel
- Opposite Starbucks and WH Smith
- McDonald’s, Waterstones, Boots and HSBC close by
- Early availability