Large Department Store, 12 Queensway Crewe, Crewe, CW1 2HQ

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. 

 

https://www.cheshireeast.gov.uk/business/major_regeneration_projects/crewe-town-centre-regeneration-programme/repurposing-our-high-streets/repurposing-our-high-street-grants.aspx

 

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

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

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. 

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. 

 

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. 

 

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.