Property Type | Retail |
Tenure | For Sale |
Size | 1,375 sq ft |
Price | Offers in the region of £185,000 |
Rates Payable | £4,640.70 per annum May qualify for 100% Small Business Rates Relief |
Service Charge | n/a |
Estate Charge | n/a |
EPC Rating | This property has been graded as C (67) |
The property is a well maintained two storey mid-terrace building with a timber framed frontage with an internal electric roller shutter. The ground floor offers a split level retail/seating area with bar plus 2 x WCs and storage to the rear. The first floor staircase is beyond the retail area and provides for a commercial kitchen, preparation area, storage and office.
Planning for A3 (restaurant) was obtained in 2019 and the premises can be used for the following uses:
• E(a) Display or retail sale of goods, other than hot food
• E(b) Sale of food and drink for consumption (mostly) on the premises
• E(c) Provision of:
o E(c)(i) Financial services,
o E(c)(ii) Professional services (other than health or medical services), or
o E(c)(iii) Other appropriate services in a commercial, business or service locality
The property is located centrally on Piccadilly, with a range of surrounding occupiers including retail, professional offices, cafes and restaurants. Piccadilly is located within the Cultural Quarter with The Mitchell Arts Centre, Potteries Museum & Art Gallery and the Regent Theatre all within close vicinity.
Hanley Bus Station is only 0.3 mile from the property and Stoke-on-Trent Railway Station is 1.3 miles.
TENURE
The property is freehold subject to the existing lease:
- Tenant: Blooms Bar Limited (Company No. 12046851).
- Renewed Lease dated 2nd February 2024, for a term of 4 years from 9th August 2024.
- Full repairing and inuring basis.
- Current rent £14,000 pa, rising to £15,000 pa from 8th August 2025.
- Tenant option to determine 8th August 2026, subject to 6 months prior notice.
- Rent deposit held for the lease duration.