1-5 Stafford Street Stafford Street, Hanley, ST1 1JU

£ 150,000 pa / 30,789 sq ft
1-5, Hanley - Picture 2023-11-08-14-06-42
1-5, Hanley - Picture 2023-11-08-14-06-56
1-5, Hanley - Picture 2023-11-08-14-07-10
1-5, Hanley - Picture 2023-11-08-14-07-20
1-5, Hanley - Picture 2023-11-08-14-07-29
1-5, Hanley - Picture 2023-11-08-14-07-39
1-5, Hanley - Picture 2023-11-08-14-07-48
Use Class

Use Class

E

Size

Size

30,789 sq ft

Rent pa

Rent pa

£150,000

Former Wilko Unit

A large retail unit with 13,036 sq ft of ground floor sales plus 11,670 sq ft on the first floor, accessed via escalators in the middle of the store. The property is located in a prime location surrounded by a number of national companies such as B&M, Savers and Bonmarche. There are a number of options available to the potential tenant to include splitting the unit or taking additional space within the building. The premises benefits from a substantial frontage to Stafford Street and a rear loading bay with service yard, two goods lifts and air conditioning to the sales area. The property also benefits from a customer lift within the sales area and over 5,000 sq ft of storage. The business rates have been lowered significantly this year and the unit is available at more than 45% lower than the last tenant was paying.

  • Substantial city centre retail property

  • Ground floor sales: 13,036 sq ft

  • First floor sales: 11,670 sq ft with escalator access

  • Potential to split to create smaller units

  • Close to national retailers such as B&M, Ryman and Savers

  • EPC: TBC

The property forms part of an established parade of retail units with office uppers. Neighboring units include Ryman Stationary, Savers and B&M Bargains. The property is a 4 minute walk from the new Bus Station and a similar distance to The Potteries Shopping Centre.

Key Information

Viewing

Strictly by appointment - 01782 715725.

Legal

The Money Laundering Regulations 2017 place a legal obligation on the agents to identify a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser’s funds will also be required.

Accommodation

30,789 Sq.Ft

Areas
Sq.Ft
Sq.M
Ground Floor, Sales
13,036
1,211
First Floor, Sales
11,670
1,084
First Floor, Back Office/Storage
6,083
565

Financial

Lease Type

New Lease

Lease Term

Available by way of a new Full Repairing and Insuring lease by way of service charge for a minimum of 3 years or multiples thereof with rent reviews every 3 years and with each party bearing their own legal costs associated with the lease.

Rent

Subject to contract, rental offers are invited in the region of £150000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Rates

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).

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Incentive

Potential to split the property to create smaller units

Service charge

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

Tenure

Leasehold

Rates

Rateable Year:
2023
Rateable Value:
£150,000.00
Rates payable:
£76,800.00
UBR:
51.2p/£

Sustainability

TBC.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 13/03/2024