Retail premises to let in Cheapside, Hanley, Stoke-On-Trent ST1

A ground floor retail unit within Hanley town centre just off the cultural quarter. The property comprises front retail space, with kitchen area and two toilets to the rear. The property has previously been used as a sports massage centre and would suit similar uses or other health & beauty uses, such as barbers, nail salon etc.

Location

The property is located on Cheapside just off the junction with Piccadilly, a couple of minutes walk from The Regent theatre in one direction and the Potteries shopping centre in the other.

Accommodation

Retail : 593 sq ft (55.10 sq m)
Kitchen : 119 sq ft (11.07 sq m)
2 x w.c.

Total : 712 sq ft (66.17 sq m)

Services

Mains electric and water services are available subject to any reconnection which may be necessary. There is no gas supply at the premises.

Planning

Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Rating

The voa website advises the rateable value for 2024/25 is £6,700. The standard non-domestic business rates multiplier is 54.6p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Rent

The property is being offered on a stepped rent as follows;

Year 1 at £7,000 per annum
Year 2 at £8,000 per annum
Year 3 at £9,000 per annum
Rent review at the end of year 3.

All payments are due monthly by standing order.

Tenure - Leasehold

Leasehold - on new terms to be agreed. The landlord is ideally looking for a 5 year term or more.

Deposit

A deposit equal to 3 months rent is required.

Epc

Energy Performance Certificate number and rating is 59C

Proof Of Identity

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee.

Credit Check

On agreed terms the ingoing tenant will be required to pay a fee of £85 to buttersjohnbee for the application and collation of references and credit data from a third party. The application process will, under normal circumstances take between two and five working days. The applicant will be required to complete a simple online form for submission to our credit reference agency. Application fee will be payable in advance and will not be refundable.

Legal Costs - Letting

The ingoing tenant is responsible for the landlord's legal costs in connection with the preparation of the lease.

Viewing

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone . Opening hours are 9.00-5.30pm, Monday to Friday.