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Freehold Of Nelson Place Nelson Place, Newcastle-under-Lyme, ST5

Retail for rent

£13Per Sq Ft
£35,000
Per annum
2726Sq Ft
Space

LOCATION

The property occupies a prominent position over looking Nelson Place round-a-bout which connects the major road network in Newcastle-under-Lyme. The property is located on the corner of the Ironmarket and Ryecroft Ring Road, forming part of the town centre conservation area. Newcastle is currently undergoing significant investment with the development of the new Civic Offices located within 50 yards which is adjacent to Queens Gardens. A mixed use retail and student accommodation development is proposed for the former Sainsburys site and the former public baths on the opposite site of Nelson Place and currently being developed to create a 276 student bed accommodation.

DESCRIPTION

A very prominently located three storey property with basement and a range of 1st and 2nd floor offices. Formerly used as a licenced bar/club (A4) the property offers excellent potential for a range of alternative uses to include bars, restaurant, retail or professional offices, subject to planning where necessary.

ACCOMMODATION

Ground Floor bar/Sales Area: 1,458 sq.ft.

The premises currently has a U shaped retail area accessible from all three elevations. There is a central serving bar and to the rear are the ladies and gents toilets, and access to the basement. A side access from Ryecroft provides pedestrian access to the rear, which in turn allows access to an external store (previously toilets) and a fire escape to the first floor.

First Floor: 857 sq.ft.

Consists of four rooms with a w.c., would suit use as offices, kitchen or living accommodation (STP)

Second Floor: 411 sq.ft.

Consisting of three further rooms which could be used as further offices, stores or living accommodation.

Cellar:

Housing all the barrels and lines with barrel drop located off Queens Parade

TERMS

Available freehold with vacant possession upon completion. Alternatively the property is available by the way of a new full repairing and insuring lease for a term of years to be agreed subject to rent reviews every three years and with the incoming tenant being responsible for the landlords reasonable legal fees.

OUTGOINGS

BUSINESS RATES

Rateable Value: £21,500

Rates Payable: £10,556.50 pa (19/20)

VAT

The rent/sale price is subject to VAT.

OTHER

EPC RATING

TBA

VIEWING

JOINT AGENTS

Butters John Bee

Tel:

Listed Features

  • Basement
  • General Retail
  • Multiple floors
  • No FRI Lease
  • Kitchen
  • Office
  • WC Facilities
  • Outdoor Space
  • Restaurant
  • Use Class - A4
  • Lift / Elevator
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Property Marketed By
Rory Mack Associates Ltd Logo
Rory Mack Associates Ltd