Property Summary

A deceptively large retail premises with a sales area extending to 1,113 sq. ft.

Property Description

Tenure: Leasehold

LOCATION
The property forms part of an established parade of commercial/retail units and has approximately 19 ft. frontage to Piccadilly, one of the pedestrianised streets in the town centre. Piccadilly is located approximately 500 yards to the north of ‘Smithfield’ the new Central Business District where the new Civic Office is located forming one of the principal pedestrianised routes between this development and the town centre.

DESCRIPTION
A deceptively large retail premises with a sales area extending to 1,113 sq. ft. beyond which is a large store together with private office, kitchen and welfare facilities. The premises forms part of an established and popular parade of shops in the recently regenerated part of the pedestrianised city centre.

ACCOMMODATION
Sales: 1,113 sq. ft.
Stores: 498 sq. ft.
Office: 70 sq. ft.
Kitchen: 184 sq. ft.
WC: –

Total NIA: 1,865 sq. ft.

SERVICES
Mains water, drainage and electricity connected. No services have been tested by the agents.

TERMS
Available by way of a new full repairing and insuring lease for a term of years to be agreed, subject to rent reviews every three years and with the incoming tenant being responsible for landlord’s reasonable legal fees.

OUTGOINGS
Rateable Value: £10,500
Rates Payable: £5,155.50 pa (19/20)

**Properties with a rateable value of less than £51,000 within the retail or hospitality sectors will be entitled to a tax holiday of up to 100% for a period of 12 months. It is suggested that any interested parties make their own enquiries to the valuation office**

VAT
The rent is not subject to VAT.

PLANNING
We understand that the property has a A1 (Retail) consent, although interested parties need to satisfy themselves that the property has got the appropriate planning in place.

OTHER
EPC
TBA

Property Address

38 Piccadilly
Hanley
Stoke-on-Trent
Staffordshire
ST1 1EG


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