The accommodation comprises an open plan retail unit with extensive glazed frontage to the pedestrianised mall within Astley Walk shopping centre, an established retail arcade within Newcastle-under-Lyme town centre. The sales area benefits from the provision of suspended ceilings with recessed lighting and is heated via a gas fired central heating system. The first floor provides storage/staff areas with double loading doors leading to the service yard.
Location
As referenced on the attached plans the property occupies a prominent position within the Astley Walk retail arcade, a town centre shopping mall conveniently located on one of the main thoroughfare routes between the pedestrianised town centre and public car parking.
Accommodation
Ground Floor:
Sales Area: 163.13 m2 (1,756 sq ft)
First Floor:
Stores/Staff: 61.78 m2 (665 sq ft):
Total NIA: 2,421 sq.ft. / 224.9 sq.m.
Terms
SERVICES - We have been advised that all mains services are connected although no services have been tested by the agents.
VAT - All rentals quoted will be subject to the addition of VAT at the prevailing rate.
EPC - Asset Rating 77: Band D
PLANNING - A1 (Retail)
BUSINESS RATES - Currently under appeal
**Properties with a rateable value of less than £51,000 within the retail or hospitality sectors will be entitled to a tax holiday of up to 100% for a period of 12 months. It is suggested that any interested parties make their own enquiries to the valuation office**
SERVICE CHARGE - £2,985.65 plus VAT (2019)
TENURE - The property is available by way of a new lease for a term of years to be agreed, subject to rent reviews every five years. The lease will be on a full repairing and insuring basis by way of a service charge with the incoming tenants being responsible for the landlord’s reasonable legal fees.
RENT - £20,000 pax
Specification
- Prime Town Centre Retail Unit
- Extensive frontage to covered pedestrianised Mall
- Would be suitable for alternative uses (STP)
- Total NIA: 2,421 sq.ft. / 224.9 sq.m.
- **Incentives available**