Summary
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.
Key Points
City centre retail investment property – H&T unaffectedTwo storey freehold let at £20,000 pa until May 2034Tenant established in this location for over 12 yearsTotal NIA: 2,265 sq ftEPC: Band C (68)
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.
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.
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.
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.