Retail property (high street) for sale

General Description - An excellent and unusual opportunity to obtain a mixed-use property on Piccadilly, in the Cultural Quarter, an area experiencing large levels of development surrounded by bars, restaurants and popular independent retailers. The property comprises a 725 sq ft retail unit with 452 sq ft of sales with additional back office, kitchen and storage. Above is a large 785 sq ft apartment with a large lounge, fully fitted and refurbished kitchen with walnut wood and marble finishing's, bathroom and master bedroom at mezzanine level over the lounge. There is also a private outside area accessed from the lounge. The property benefits from gas central heating and UPVC windows with suspended ceiling on the ground floor and attractive timber boarded floors at first floor.

Location - The property is located on the pedestrianised Piccadilly, opposite Coral and a few doors from The Regent Theatre, within a two minute walk to The Potteries Centre. Piccadilly is in the centre of Hanley with numerous public car parks close by.

Services - All main services are connected. No services have been tested by the agents.

Vat - The sale price and rent are not subject to VAT

Tenure - Available by way of a new Full Repairing and Insuring lease for a minimum of 3 years and with rent reviews every 3 years and with each party bearing their own legal costs associated with the lease. Alternatively the freehold is available, subject to contract and with vacant possession upon completion.

Business Rates - Rateable value £9,200
Rates payable £4,590.80 pa (23/24)
Note: if you qualify for small business rates relief you should be entitled to a 100% rate exemption.

Accommodation - Ground floor
Sales area 452 sq ft
Back office 138 sq ft
Kitchen 93 sq ft
Store 42 sq ft
WC --
Total 725 sq ft
First floor
Lounge 400 sq ft
Kitchen 145 sq ft
Bathroom 60 sq ft
Mezzanine 180 sq ft
Total 785 sq ft
Total NIA 1,510 sq ft

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.

Auction Details - Auction starts 9am 21st November 2024 with ‘SDL Property Auctions’