Property for sale

A modern two storey retail premises offered to the market as an income producing investment with the longstanding tenant in place having recently signed a new 10 year lease. H & T Pawnbrokers have been established in this location for over 12 years. The ground floor offers
a sales area of 886 sq ft with kitchen and toilets to the rear. On the first floor there is an office area with balcony overlooking the sales area: 368 sq ft and large stockroom of 891 sq ft. Internally the retail unit benefits from a suspended ceiling, air conditioning and intruder and fire alarm. The property is being sold with the tenant in situ and is not available with vacant possession.

General Description - A modern two storey retail premises offered to the market as an income producing investment with the longstanding tenant in place having recently signed a new 10 year lease. H & T Pawnbrokers have been established in this location for over 12 years. The ground floor offers
a sales area of 886 sq ft with kitchen and toilets to the rear. On the first floor there is an office area with balcony overlooking the sales area: 368 sq ft and large stockroom of 891 sq ft. Internally the retail unit benefits from a suspended ceiling, air conditioning and intruder and fire alarm. The property is being sold with the tenant in situ and is not available with vacant possession.

Location - The property is located on Stafford Street around 100m from The Potteries Shopping Centre and close to retailers such as TK MAXX, Betsy’s and HSBC Bank.

Services - Mains water, drainage and electricity are connected. Heating and comfort cooling is provided by ceiling mounted cassettes. No services have been tested by the agents.

Vat - The sale price is not subject to VAT.

Tenure - Available freehold, subject to contract and with the benefit of the existing FRI lease.

Business Rates - Rateable Value: £17,000
The tenant is responsible for payment of any business rate liability where applicable.

Tenancy Details - The ground floor is let to Harvey & Thompson Limited (Company No. 02636684), T/A H&T Pawnbrokers at £20,000pa on an FRI lease from 8th May 2024 for 10 years with breaks at year 3, 5 and 8. Copy of the lease available upon request.

Accommodation - Ground Floor:
Sales area: 886 sq ft
Kitchen: 120 sq ft
WC --
Mezzanine:
Office: 368 sq ft
First Floor:
Stockroom: 891 sq ft
Total NIA: 2,265 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.