Property Summary

The property comprises two self-contained ground floor retail units which are let and income producing, together with the first floor freehold which has been let by way of a 999 year lease at a peppercorn rent.

Property Description

Tenure: Freehold

LOCATION
The property forms part of an established parade of mixed-use retail units in the city centre and is within close proximity to a number of public car parks. The Potteries Shopping centre is circa 500 yards away.

DESCRIPTION
The property comprises two self-contained ground floor retail units which are let and income producing, together with the first floor freehold which has been let by way of a 999 year lease at a peppercorn rent. The property has extensive frontage to Stafford Street and forms part of a busy parade of mixed-use commercial buildings in the city centre.

ACCOMMODATION
19 Stafford Street: 918 sq. ft NIA
Includes: sales, rear store, kitchen and WC.
23 Stafford Street: 1,110 sq. ft. NIA
Includes: sales, rear store, kitchen and WC.

SERVICES
All mains services are connected and independently metered. Please note that no services have been tested by the agents.

TERMS
Available freehold, subject to contract and with the existing leases being in place.

OUTGOINGS
19 Stafford Street:
Rateable Value: £17,750

23 Stafford Street:
Rateable Value: £17,000

VAT
The sale price is not subject to VAT.

OTHER
TENANCIES
19 Stafford Street:
Let to an individual from 07/08/2020 to 06/08/2023.
Passing rent: £10,800 PA.

23 Stafford Street:
Let to the Salvation Army from 25/02/2020 to 24/02/2030.
There is a break clause effective 24/02/2025
Next rent review due 25/02/2025
Passing rent: £12,000 PA.

21 Stafford Street (Upper Floors):
The first floor and basement have been sold on a long leasehold basis for 999 years at peppercorn rent and nil service charge, with full repairing liability for the roof and the basement.

EPC
19 Stafford Street: TBC
23 Stafford Street: TBC
21 Stafford Street (1st Floor): TBC

Property Address

19-23 Stafford Street
Hanley
Stoke-on-Trent
Staffordshire
ST1 1JW


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