Let Agreed

High Street Retail Property for rent

12-16 Town Road, Hanley, Stoke On Trent, Staffordshire ST1


£35,000 per year
£2,917 per month
12,600 ft²

Description

Location
The property benefits from a prominent corner position at the junction of Glass Street and Town Road and is directly opposite the principal entrance to the Intu Potteries Shopping Centre within which a wide range of household named retailers are located. There are also a number of public and privately operated car parks within 50 yards of the property.

Description
The property comprises a prominently located steel framed three storey retail property with an extensive glazed frontage to Town Road and return frontage to Glass Street. The property is arranged in an open plan format with a wide central staircase providing access to the upper floors, offering ancillary storage/retail accommodation also suitable for residential conversion, subject to planning where necessary. All floors are lift served and have toilet facilities and there is a large goods loading area fronting Glass Street.

Accommodation
Ground Floor
Sales Area: 3,684 sq ft 342.4 sq m
Loading Bay: 201 sq ft 18.7 sq m
WCs: - -
First Floor
Sales Area/Stores: 3,374 sq ft 313.6 sq m
Kitchen: 164 sq ft 15.3 sq m
WCs: - -
Second Floor
Sales Area/Stores: 4,284 sq ft 398.2 sq m
WCs: - -
Basement Storage 893 sq ft 83.0 sq m
Total nia: 12,600 sq ft 1,171.2 sq m

terms
A new full repairing and insuring lease is available for a term of years to be agreed subject to periodic upward only rent reviews. Alternatively, the freehold is available subject to contract and with vacant possession upon completion. In both cases each party will bear their own legal fees.

Outgoings
Business rates

Rateable Value: £59,500 Rates Payable: £30,464 pa (20/21)
Note: Due to the coronavirus, business rates payable on all retail properties are currently suspended until further notice.

VAT
The sale price and rent will be subject to VAT.

Planning
Currently used for retail purposes the property benefits from a E' Use Class Order which includes:
• Non-residential institutions (medical/health services, crèches, day nurseries and centres)
• Financial & Professional Services
• Food & Drink (mainly on the premises)
• Business (office, research and development and light industrial process)
• Assembly and Leisure (indoor sport, recreation or fitness, gyms)
Other uses may be suitable to include the conversion of the upper floors into residential accommodation, subject to planning where necessary.
In February 2020 a pre-Application proposal was submitted to sub-divide the ground floor into 4 self contained retail units together with conversion of the upper floors and the creation of an additional storey to provide 5 x one bedroom and 9 x two bedroom flats. This was welcomed by the planning dept, subject to detailed drawings being submitted and approved. For further information to include existing and proposed floor plans and Feasibility Study please contact the agents.

Other
EPC

Band C (Asset Rating 58)

Categories

High Street Retail Property
Call
Property reference
CP35464_206