A well-presented landmark retail premises offering a total GIA of 5,321 sq. ft. or 494 sq. m. of open-plan sales area, with glazed frontage directly onto Percy Street and Tontine Street.
As referenced on the attached plan, the property benefits from a town centre location on Percy Street and Tontine Street, on the edge of the cultural Quarter.
A landmark retail premises offering a total GIA of 5,321 sq. ft. (494 sq. m.) of open-plan sales area, with glazed frontage directly onto Percy Street and Tontine Street, which can be split into five individual self-contained units from 665 sq. ft. upwards.
Hanley town centre has recently been subject to a number of recent regeneration works including upgraded pedestrianised pavements, the recent construction of the Smithfield Centre, the new Hive Development which includes Cineworld, Coast to Coast, Frankie & Bennies, Chiquitos, and most recently announced City Sentral development which will include M&S, Next and the IMAX Cinema.
The entire premises has a GIA of 5,321 sq. ft. (494 sq. m.). However, the premises can be split into the following units, each of which would be self-contained.
Unit 1: 850 sq. ft. (79 sq. m.)
Unit 2: 1,240 sq. ft. (115 sq. m.)
Unit 3: 1,223 sq. ft. (114 sq. m.)
Unit 4: 666 sq. ft. (62 sq. m.)
Unit 5: 1,252 sq. ft. (116 sq. m.)
The whole is available at £60,000 PAX.
Unit 1: £13,000 PAX
Unit 2: £19,500 PAX
Unit 3: £19,500 PAX
Unit 4: £10,000 PAX
Unit 5: £25,000 PAX
All mains serviced need to be connected at the cost to the incoming tenant. No services have been tested by the agents.
The individual units are available by way of a Full Repairing and Insuring lease (by 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 Landlord’s reasonable legal fees.
Rateable Value: £82,500 (effective 1/4/17) this is for the ground floor and 1st floor and as such will need to be reassessed.
Rates payable TBC
The rent will not be subject to VAT.
Band D – Asset Rating 94