Retail property (high street)

LOCATION
As referenced on the attached plans, the property is centrally located in Tunstall and is within close proximately to a number of public car parks.

DESCRIPTION
A large town centre retail premises with a lofty open plan sales area together with kitchen and toilets to the rear with the option of addition dry basement storage. The premises forms part of an attractive art-deco premises where the upper floors are currently being converted into eight self-contained one and two bedroom flats. The sales area is arranged in open plan and is ready for immediate occupation and benefits from an extensive frontage to the High Street. There is a secure carpark/loading area to the rear of the property and two onsite car parking spaces will be allocated to the premises.

ACCOMMODATION
Sales Area: 2,273 sq ft
Kitchen: 84 sq ft
WC -
Total NIA: 2,357 sq ft

There is also a dry basement extending to approx. 2,300 sq ft which can be made available by way of separate agreement for those who require additional storage space.

SERVICES
Mains water, drainage and electricity are connected and separately metered. No services have been tested by the agents.

TERMS
Available by way of a new Internal Repairing and Insuring lease for minimum term of three years with rent set at:
£9,000 – year 1
£10,000 – year 2
£11,000 – year 3.
Thereafter subject to a rent review and with each party paying their own legal fees.
Incentives are available to the ingoing tenant. Please call the office to discuss further.

OUTGOINGS
BUSINESS RATES
Rateable Value: £22,000
Rates Payable: £10,978 pa (21/22)

VAT
The rent is not subject to VAT.

OTHER
ANTI MONEY LAUNDERING REGULATIONS
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.