Market Square, Stoke-On-Trent
£750,000 plus vat (Tenant Fees)
- Potential Income of £70,000 per annum
- Highly prominent corner unit fronting intu’s Potteries Shopping Centre
- Currently producing £45,000 pa
- High footfall
- Located adjacent to TUI and Greggs
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- Potential Income of £70,000 per annum
- Highly prominent corner unit fronting intu’s Potteries Shopping Centre
- Currently producing £45,000 pa
- High footfall
- Located adjacent to TUI and Greggs
Part let retail investment opportunity producing £45000 p an with a potential income of £70,000 p an. Two prime retail units opposite the main entrance to the Potteries Shopping centre with nearby occupiers including Boots, Primark and Marks & Spencer's. The vacant unit is understood to have A1 planning consent. The accommodation is approximately 2,080 sq ft over three floors with the ground floor retail space being 716 sq ft and a similar sized area at first floor level. The Vacant unit is currently being advertised at ban asking rent of £25,000 p an and has so far generated strong intertest. The unit occupied by Greggs is let out on a ten-year lease from13th September 2017 at a rent of £45,000 p a with a tenant break option deferred by deed to 13tyh September 2025 there is a five-month rent free period from October 2020.
LocationThe property occupies a highly prominent corner position directly opposite intu’s 630,000 sq ft Potteries Shopping Centre, which has an annual footfall of 12 million, and has attracted quality names such as Superdry, JD, H&M, Beaverbrooks and Pandora. The subject properties are located amongst household names such as Primark, M&S, TK Maxx, Boots, Poundland, Greggs and TUI Travel
AccommodationWe understand the property provides for the following areas: Vacant Unit: Ground floor Retail: 63.38 sqm / 736 sqft Basement Anc. 4.8sqm / 52sqft First Floor Anc. 57.23sqm / 616 sqft Second Floor Anc. 62.80sqm / 676sqft Total 193.21 sqm/ 2080 sqft
FreeholdAsking price of £750,000 plus Vat. The vendor would also consider splitting selling each unit separately.
PlanningWe understand that the property currently benefits from A1 use class. A planning application has been lodged to vary consent to allow for A5 uses class re takeway and coffee shop. (This information is given for guidance purposes only and prospective tenants are advised to make thier own enquires to. The Planning Department of Stoke City Council.
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