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29 Piccadilly 1,375 SF Retail Building Stoke On Trent ST1 1EN $251,018 ($182.56/SF) 7.98% Cap Rate
Investment Highlights
- Excellent location in Hanley Cultural Quarter
- Commercial investment opportunity
Executive Summary
Tenant: Blooms Bar Limited (Company No. 12046851).
Renewed Lease dated 2nd February 2024, for a term of 4 years from 9th August 2024.
Full repairing and inuring basis.
Current rent £15,000 pa from 8th August 2025.
Tenant option to determine 8th August 2026, subject to 6 months prior notice.
Rent deposit held for the lease duration.
Property Facts
Amenities
- Security System
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The property is a well maintained two storey mid-terrace building with a timber framed frontage with an internal electric roller shutter. The ground floor offers a split level retail/seating area with bar plus 2 x WCs and storage to the rear. The first floor staircase is beyond the retail area and provides for a commercial kitchen, preparation area, storage and office.Planning for A3 (restaurant) was obtained in 2019 and the premises can be used for the following uses:•E(a) Display or retail sale of goods, other than hot food•E(b) Sale of food and drink for consumption (mostly) on the premises•E(c) Provision of:oE(c)(i) Financial services,oE(c)(ii) Professional services (other than health or medical services), oroE(c)(iii) Other appropriate services in a commercial, business or service localityThe property is located centrally on Piccadilly, with a range of surrounding occupiers including retail, professional offices, cafes and restaurants. Piccadilly is located within the Cultural Quarter with The Mitchell Arts Centre, Potteries Museum & Art Gallery and the Regent Theatre all within close vicinity. Hanley Bus Station is only 0.3 mile from the property and Stoke-on-Trent Railway Station is 1.3 miles.TENURELeasehold on a new full repairing and insuring lease for a term to be agreed.
| Space | Size | Space Use | Position | Available |
| - | 1,375 SF | Retail | - | 30 Days |
-
| Size |
| 1,375 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
-
| Size | 1,375 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
The property is a well maintained two storey mid-terrace building with a timber framed frontage with an internal electric roller shutter. The ground floor offers a split level retail/seating area with bar plus 2 x WCs and storage to the rear. The first floor staircase is beyond the retail area and provides for a commercial kitchen, preparation area, storage and office.Planning for A3 (restaurant) was obtained in 2019 and the premises can be used for the following uses:•E(a) Display or retail sale of goods, other than hot food•E(b) Sale of food and drink for consumption (mostly) on the premises•E(c) Provision of:oE(c)(i) Financial services,oE(c)(ii) Professional services (other than health or medical services), oroE(c)(iii) Other appropriate services in a commercial, business or service localityThe property is located centrally on Piccadilly, with a range of surrounding occupiers including retail, professional offices, cafes and restaurants. Piccadilly is located within the Cultural Quarter with The Mitchell Arts Centre, Potteries Museum & Art Gallery and the Regent Theatre all within close vicinity. Hanley Bus Station is only 0.3 mile from the property and Stoke-on-Trent Railway Station is 1.3 miles.TENURELeasehold on a new full repairing and insuring lease for a term to be agreed.
Nearby Major Retailers
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29 Piccadilly
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