This property is no longer on the market
Retail property (high street)
Property description & features
. Ground floor freehold available with 6 years lease at £22,000 pa until May 2029
. Tenant established since 1986 with excellent reputation in the local area
. Total NIA: 1,788 sq ft
. EPC: Band C (51)
General Description - A modern ground floor retail premises offered to the
market as an income producing investment with the
longstanding tenant in place having recently signed a new
6 year lease. Regent Travel have been established in this
location for over 35 years with an excellent local
reputation and loyal customer base. The ground floor offers an
open plan sales area of 1,251 sq ft, an office of 317 sq ft, rear
kitchen of 82 sq ft and ladies and gents staff toilets and also
benefits from a rear yard and is presented in excellent
condition throughout. Internally the retail unit benefits from a
suspended ceiling, air conditioning and intruder and fire alarm.
The first floor office is separately accessed/owner and is not
included in the sale.
Location - The property is located on the High Street close to retailers such
as B&M, Costa Coffee and The Sanctuary and surrounded by
similar sized national and local retailers. Stone is accessible
from Newcastle-under-Lyme and Stafford via the M6 and A34
and take around 20 minutes by car from both.
Services - All main services are connected. No services have been tested
by the agents.
Vat - The sale price is not subject to VAT.
Tenure - Available freehold, subject to contract and with the benefit of
the existing FRI lease.
Business Rates - Rateable Value: £15,750
The tenant is responsible for payment of any business rate
liability where applicable.
Tenancy Details - The ground floor is let to Jetclub Limited (Company No.
01711255), T/A Regent Travel at £22,000pa on an FRI lease
from 30th May 2023 for 6 years. Copy of the lease available upon
request.
Accommodation - Ground Floor:
Sales area: 1,251 sq ft
Office: 317 sq ft
Kitchen: 82 sq ft
WC --
Total NIA: 1,788 sq ft
Anti Money Laundering Regulations - In accordance with the anti-money laundering regulations, two
forms of identification will be required (e.g. photographic
driving license, passport, utility bill) from the applicant and a
credit check may also be required, the cost of which will be the
responsibility of the applicant. Where appropriate we will also
need to see proof of funds.
Property information from this agent
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