Acquired
Hanley – Retail with Residential Development Potential
20/22 Stafford Street, Hanley, Staffordshire ST1 1JQFreehold vacant shop/cafe with ancillary accommodation above
Investment Consideration
- Vacant possession
- ERV: £14,000 p.a. GIY: 8.48%
- The property is arranged on ground and one upper floor to provide a ground floor shop, previously operated as a café/restaurant, with staff ancillary and storage accommodation at first floor, which is accessed from an external staircase at the rear
- Property benefits from 2 parking spaces at rear
- Suitable for variety of uses (Class E)
- Residential development potential to convert first floor, subject to obtaining the necessary consents
- Town centre location with occupiers nearby including Nationwide, HSBC, Savers, TK Maxx, Ryman and Wilko, amongst many more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged on ground and one upper floor to provide a ground floor shop, previously operated as a café/restaurant, with staff ancillary and storage accommodation at first floor, which is accessed from an external staircase to the rear.
The property provides the following accommodation and dimensions:
Ground Floor Café/Retail: 127.63 sq m (1,367 sq ft)
First Floor Ancillary: 78.50 sq m (845 sq ft)
Gross Frontage: 12.40 m (40’8”)
The property provides the following accommodation and dimensions:
Ground Floor Café/Retail: 127.63 sq m (1,367 sq ft)
First Floor Ancillary: 78.50 sq m (845 sq ft)
Gross Frontage: 12.40 m (40’8”)
Location Description
Hanley, together with Stoke-on-Trent, has a population of some 240,000 and forms part of the extensive Potteries conurbation. The town is located some 40 miles south of Manchester and is situated at the junction of the A50 and A500, a short distance east of the M6 Motorway (Junction 15).The property is situated on the east side of Stafford Street, close to its junction with the pedestrianised Piccadilly, in the heart of the town centre. Occupiers nearby including Nationwide, HSBC, Savers, TK Maxx, Ryman and Wilko, amongst many more.