Retail property (high street) to rent

GENERAL DESCRIPTION
A large mid terraced retail unit with 2,166 sq ft of ground
floor sales. The property is currently laid out as a
department store with large open plan ground floor sales,
stockroom and offices and an escalator to the first floor sales
area with additional storage, office and staff rooms. Overall,
the property benefits from over 3,500 sq ft of sales but this can
be increased or reduced according to the tenants
requirements.
The premises benefits from frontage onto Queensway and a
side loading area accessible via the service area at the rear, air
conditioning to the sales area and internal staff and customer
stairs. There is the opportunity for the ingoing tenant to apply
for the repurposing our highstreets grant, available via Cheshire
East Council. Up to £30,000 is available to pay for
refurbishment, equipment and a new shop front.


General Description - A large mid terraced retail unit with 2,166 sq ft of ground
floor sales. The property is currently laid out as a
department store with large open plan ground floor sales,
stockroom and offices and an escalator to the first floor sales
area with additional storage, office and staff rooms. Overall,
the property benefits from over 3,500 sq ft of sales but this can
be increased or reduced according to the tenants
requirements.
The premises benefits from frontage onto Queensway and a
side loading area accessible via the service area at the rear, air
conditioning to the sales area and internal staff and customer
stairs. There is the opportunity for the ingoing tenant to apply
for the repurposing our highstreets grant, available via Cheshire
East Council. Up to £30,000 is available to pay for
refurbishment, equipment and a new shop front.
on_projects/crewe-town-centre-regeneration programme/repurposing-our-high-streets/repurposing-our high-street-grants.aspx
Year one rent at £20,000 with year two at £22,500 and year
three at £25,000.

Location - The retail unit is located in the middle of Crewe town centre
close to national retailers such as CEX, Waterstones and
Holland & Barrett. The site is also within 100 yards of the new
bus station and multistorey car park. Crewe is a University town
with a population of around 75,000 people and is currently
undergoing huge regeneration with a scheme agreed in 2017 to
drastically improve the area. The regeneration includes
demolishing some of the older retail buildings and the old bus
station and replacing these with a new bus station as well as a
large multistorey car park, all of which will significantly improve
the area.

Services - Mains electric, water and drainage are connected. Heating and
cooling is provided by multiple air conditioning units. No
services have been tested by the agents.

Vat - The rent is 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.

Business Rates - Rateable value £27,000
Rates payable £13,473 pa (23/24)

Note: Retail, hospitality and leisure relief – You could be
entitled to 75% off your business rates bills for the 2023 to
2024 tax year (1 April 2023 to 31 March 2024).
Note: The above relief has been extended to the tax year
2024/2025.

Accommodation - Ground Floor
Sales area 2,166 sq ft
Office 68 sq ft
Stockroom 134 sq ft
Stockroom 70 sq ft
Changing room 190 sq ft
Total 2,628 sq ft

First Floor
Sales 1932 sq tf
Kitchen 113 sq ft
Stockroom 231 sq ft
WC --
Total 2,276 sq ft
Overall NIA: 4,904 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.