This property is no longer on the market
Retail property (high street)
Property description & features
LOCATION
The property comprises a modern development of mixed-use retail/food outlets in the city centre and has roadside frontage to Trinity Street. Immediately opposite the property is a large period five storey former office premises which is shortly to be converted into a multi-floor residential development, forming part of the re-development with the city centre.
DESCRIPTION
A self contained ground floor retail unit, formerly used as a bank with A2 consent (financial & professional services). The premises is arranged in open plan and retains the ‘strong room’ which offers secure storage accommodation or what could become an attractive feature. The property forms part of a modern parade of mixed use retail/food outlets in the city centre and benefits from two onsite car parking spaces to the rear.
ACCOMMODATION
Sales Area: 1,632 sq. ft.
Strong Room: 120 sq. ft.
Store: 37 sq. ft.
WC -
Total NIA 1,824 sq. ft.
2 x car parking spaces to the rear.
SERVICES
All mains services are connected. Air conditioning installed. No services have been tested by the agents.
TERMS
Available by way of a new full repairing and insuring lease, by way of service charge, for a term of years to be agreed, subject to rent reviews every three years and with the incoming tenant being responsible for landlords reasonable legal fees.
OUTGOINGS
BUSINESS RATES
The current rateable value needs to be re-assessed as it includes the upper floors. The agents expect that it will be re calculated in the order of £25,000.
VAT
The rent will not be subject to VAT.
PLANNING
Formerly used as a bank, the property has A1 (retail) and A2 (professional office) consent. Subject to planning the property would also suit number of alternative uses to include;
A3 – Café /Restaurant
A4 – Drinking establishments
A5 – Fast food takeaway
OTHER
EPC
Band D (98)
Property information from this agent
Places of interest
Rory Mack Associates - Holly House
Holly House | 37 Marsh Parade Newcastle Under Lyme Staffordshire ST5 1BT
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