An excellent opportunity to occupy prime retail space within a well-established shopping arcade.

LOCATION
As evidenced by the attached location plan, the property occupies a prominent position with the York Place retail arcade. There are a number of public car parks within walking distance with the nearest multi storey only some 250 yards away. Loading facilities are to the rear of the property via a service yard.

DESCRIPTION
An excellent opportunity to occupy prime retail space within a well-established shopping arcade. The accommodation has some 71ft external frontage to Merrial Street and is presently arranged as one single open plan unit, which subject to further negotiations can be subdivided to accommodate individual requirements. York Place is a well-established retail arcade located on one of the main thoroughfares between the pedestrianised town centre and public car parking. The arcade has recently undergone some internal improvements and refits and continues to be a popular trading location.

ACCOMMODATION
LET AS A SINGLE UNIT

Ground Floor Sales:
3,287 SQ. FT. (305 SQ. M.) NIA

First Floor Stores/Office:
2,178 SQ. FT. (202 SQ. M.) NIA

Outside Detached Store:
175 SQ. FT. (16 SQ. M.) NIA

TOTAL NIA:
5,465 SQ. FT. / 507 SQ.M.

Alternatively, the accommodation can be split in two parts and would comprise:

UNIT 1:
Ground Floor Sales:
1,568 SQ. FT.

First Floor Stores/Office:
1,142 SQ. FT.

TOTAL:
2,710 SQ. FT.

UNIT 2:
Ground Floor Sales:
1,719 SQ. FT.

First Floor Stores/Office:
1,036 SQ. FT.

TOTAL:
2,755 SQ. FT.

RENT
Let as a whole the initial rent is £35,000 per annum exclusive. Rents relating to smaller floor plates can be negotiated once the tenant’s requirements are known. Please contact the agents for further details.

SERVICES
All mains services are connected to the property. There is a gas fired blow heater installed which currently provides heating, and a number of air conditioning units. Please note that no services have been tested by the agents.

TERMS
The property is available to let by way of a Full Repairing and Insuring lease by the way of a 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 the landlords reasonable fees.

OUTGOINGS
BUSINESS RATES
Rateable Value: £33,000
Rates Payable: £15,510 pa (2017/2018)

VAT
The rents quoted will be subject to VAT.

OTHER
EPC RATING
Asset Rating TBC – Category TBC

43/45 Merrial Street,
Newcastle-under-Lyme
ST5 2AE
  • Offices
  • A1 - High Street
  • A1 – Centre
  • A2 - Financial Services

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