Piccadilly Minimarket 22 Piccadilly, Staffordshire, ST1 1DH

***** CITY CENTRE RETAIL INVESTMENT *****

For sale by auction with SDL Auctions on Thursday 12th September 2019

At Birmingham Auction, Aston Villa FC, Holte Suite, Trinity Road, Birmingham, B6 6HE

Commencing at 11:30 am

The property comprises a three-storey retail unit with two upper floors of ancillary accommodation extending to approximately 156.60 sq. m. (1,648 sq. ft.).

Accommodation

Ground Floor Retail: 51.60 sq. m (555 sq. ft)

First Floor Ancillary: 52 sq. m (566 sq. ft)

Second Floor Ancillary: 49.00 sq. m (527 sq. ft)

NIA: 156.60 sq. m (1,648 sq. ft)

Location

Piccadilly is a pedestrianised shopping street linking the intu Potteries shopping and leisure complex and surrounding pedestrianised shopping area with the Smithfield business quarter. Piccadilly forms part of the City's Cultural Quarter and has a a range of national and independent retailers, bars, restaurants and is the location of the Regent Theater.

Occupation

The property is occupied by an individual trading as Piccadilly Minimarket, a convenience store with free cash machine, stocking a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, tobacco products and newspapers.

The salient points of the lease are:

Term: 10 years from 01/07/2017

Rent: £15,600 pax

Full Repairing and Insuring lease terms,

The lease is subject to a Deed of Assignment, dated 25 September 2018, the assignee covenants and all terms and conditions contained or referred to are stated in the Lease.

Services

Interested parties are recommended to make their own enquiries. All mains utilities services are understood to be available, subject to any reconnection which may be necessary.

Planning

The existing permitted use of the property is a Retail (A1 Use Class).

Tenure

Freehold subject to lease.

Energy Performance Certificate

EPC Asset Rating B46

Guide Price

£110,000

Link to Property: https://www.sdlauctions.co.uk/property/22922/retail-property-high-street-for-auction-stoke-on-trent/