Property for sale
Property description & features
- Tenure: Freehold
- Whole premises let to Card Factory at £55,250 per annum
- 10% yield
- Prime retail pitch
The property is situated within Upper Market Square, a high footfall, prime retail pitch within Hanley, Stoke-On-Trent.
Upper Market Square is centrally located within the centre of the Hanley adjacent to the Potteries Shopping Centre. The premises is located in close proximity to the popular Cultural Quarter, home to a growing number of retail, leisure and office focussed businesses.
Hanley is undergoing an era of successful regeneration projects spearheaded by the Smithfield development (nearby) which boasts circa 210,000 square feet of occupied Grade A office space, an 11 storey apartment complex and a large circa 700 space multistorey car park.
Description
The property comprises a mid-terrace premises split across three floors, providing ground floor retail accommodation with WC, ancillary and storage uses on the upper floors.
The premises is fully let to Card Factory at a rent of £55,250 per annum.
Accommodation
Sq.M Sq.Ft
Ground Floor 70.14 755
First Floor 48.10 517
Second Floor 13.15 141
Total 131.39 1,413
Tenure
The site is offered with freehold tenure, subject to the existing lease.
Lease
The whole premises is let to Card Factory with an income of £55,250 per annum. Lease expires in 2025. No upcoming rent reviews.
Legal Costs
Each party is to bear their own legal costs incurred.
VAT
All figures quoted are exclusive of VAT, but subject to VAT if applicable.
EPC
C - 57
Viewings
Viewings are strictly via appointment with George Property Group. Please [use Contact Agent Button] for an appointment.
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area
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