Ground Floor, 16 Piccadilly, Hanley, Stoke-on-trent, Staffordshire

Property Description

Tenure: Leasehold

Location
Piccadilly is a pedestrianised shopping street linking the intu Potteries shopping and leisure complex and surrounding pedestrianised shopping streets with the Smithfield business quarter.

Piccadilly forms part of the City’s Cultural Quarter and has a a range of national and independent retailers, bars, restaurants and is the location of the Regent Theatre.

Description
The property comprise ground floor lock-up retail accommodation within a three-storey building with two floors of retail accommodation above.

The retail area has approximately 5.5m (18 ft) of display frontage* and a depth of approximately 11.3m (37 ft) together with a rear storeroom and changing room.

The property has:

Electric roller shutters
Air conditioning
Spotlights
Plastered/decorated ceilings and walls
Some retail shelving
Wood flooring.

* The landlord intends to retain approximately 70% of the display frontage. Preference will be given to tenants complimenting the mens fashion tenants occupying the upper floors.

Accommodation

Retail Area 54.60 sq. m 588 sq. ft
Storage 14.60 sq. m 157 sq. ft

NIA 69.20 sq. m 745 sq. ft

Services
Mains electricity, main water and drainage are understood to be available, subject to any reconnection that might be necessary.

Planning
The property has an established retail use. Interested parties are recommended to make their own enquiries to Stoke-on-Trent City Council.

Rating
The property has a 2017 rateable value of £23,250. Interested parties should direct their inquiries to Stoke-on-Trent City Council Business Rates Team: Tel: 01782 234567

Tenure
The property is available by way of a 3 year internal repairing and insuring lease at a stepped rent of £9,500 pax (year 1), £12,500 pax (year 2) and £15,000 pax (year 3).

Energy Performance Certificate (EPC)
Rating E-111

Rent
Year 1: £9,500 per annum exclusive
Year 2: £12,500 per annum exclusive
Year 3: £15,000 per annum exclusive

VAT
VAT is not applicable.

Legal Costs
The ingoing Tenant is responsible for the Landlord legal costs for the preparation of the Lease.

Viewings
Viewing is strictly by appointment with the Sole Agent.

Contact
Glenn Hammond BSc (Hons) MRICS
T: 01782 659 905
M: 07957 994 057
E: [email protected]

Euan McKenzie BA (Hons) MSc
T: 01782 659 905
M: 07710 089 130
E: [email protected]

Subject to Contract