A centrally located triple fronted retail property in the city centre offering excellent potential for retail, hair and beauty or financial services. The unit is in need of a degree of internal refurbishment and as such, the landlord is offering a low starting rent of £6,000 pa rising £2,000 pa every year until the rent is at the rate of £12,000 pa in year 4. The premises can easily be arranged in open plan if partitioning is removed and benefits from an extensive display frontage onto Stafford Street and basement storage.
Location
The property is located on Stafford Street in the centre of Hanley and is around 200 m from The Potteries Centre. Surrounding retailers include Specsavers, TSB, Coral and Wilko.
Accommodation
Sales: 850 sq. ft.
WC --
Total NIA: 850 sq. ft.
Basement 826 sq. ft.
Terms
SERVICES - Mains water, drainage, gas and electricity connected. No services have been tested by the agents.
VAT - The rent is not subject to VAT.
TENURE - Available by way of a new internal repairing and insuring lease for a minimum term of 4 years, subject to rent reviews every three years and with the incoming tenant being responsible for landlord’s reasonable legal fees.
RENT - £6,000 pax
BUSINESS RATES:
Rateable Value: £11,750 Rates Payable: £5,863.25 (23/24)
Note: if you qualify for Small Business rates Relief you should be entitled to a 100% rate exemption.
EPC - Band 82 (D)
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
- Triple fronted retail unit in City centre
- Located on a popular parade close to The Potteries Centre
- Sales area of 850 sq ft with additional basement storage
- Low starting rent and zero business rates for qualifying retailers
- EPC: Band D (82)