Let Agreed

High Street Retail Property for rent

Nelson Place, Newcastle-Under-Lyme, Staffordshire ST5


£15,000 per year
£1,250 per month
1,458 ft²

Description

Location
The property occupies a prominent position overlooking the Nelson Place round-a-bout which forms part of the ring road around Newcastle-under-Lyme. The property is located on the corner of the Ironmarket and Ryecroft (Ring Road), within the town centre conservation area. Newcastle is currently undergoing significant investment with the recent completion of the new Civic Offices located within 50 yards which is adjacent to Queens Gardens. Ironmarket boasts a number of boutique shops, bars and eateries within a 1-minute walk of Nelson Place

description
A very prominently located former public house with basement storage accessed off Ironmarket in the centre of Newcastle-under-Lyme. Formerly used as a licenced bar/club (A4) the property offers excellent potential for a range of alternative uses to include bar, restaurant, retail or professional offices, subject to planning where necessary.

Accommodation
Ground Floor Bar/Sales Area: 1,458 sq. Ft.
The premises currently has an open plan retail area accessed from Ironmarket. The former bar area is still in place to the rear of which are the ladies and gents toilets, and access to the basement.
Cellar:
Housing all the barrel lines with dray drop located off Queens Parade.

Services
All mains services are available subject to any reconnection which may be necessary. No services have been tested by the agents.

Terms
Available by the way of a new internal repairing and insuring lease for a term of years to be agreed subject to rent reviews every three years and with each party bearing their own legal fees in connection with the lease.

Outgoings
Business rates

Will need to be reassessed due to the upper floors being converted to residential. The agents estimate that the rateable value will be in the region of £15,000 based on the existing assessment.

VAT
The rent is not subject to VAT.

Planning
Formally used as a licence bar/club (A4), now Sui Generis which covers a range of different uses.

Categories

High Street Retail Property
Call
Property reference
CP35464_262