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Agent's details

50 Stafford Street

For sale: £125,000.00|Other, Other Property Types & Opportunities

Property details

FOR SALE£125,000.00
ADDRESS50 Stafford Street, 50 Stafford Street, Stoke-on-trent, ST1 1JB
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON10th May 2024

Description

The property comprises a high yielding convenience store investment forming part of a popular local parade

Arranged across ground and first floors, the ground floor is let on a new 10 year lease to two private individuals trading as a convenience store. The lease is a renewal of an existing tenancy and is currently paying a rent of £18,000 per annum. There is a fixed uplift in 2026 to £25,000 and the vendor will "top up" the rent to this level.

The property benefits from a prominent frontage to Stafford Street, one of the principal retail streets in Stoke-on-Trent. The area is the focal point for the first phase of Hanley town centre redevelopment. This included the resurfacing and pedestrianisation of the surrounding roads, with the second phase of the regeneration including a £20m levelling up fund award for the provision of a comprehensive mixed-use development immediately to the south.

The Potteries Shopping Centre is to the north of the property, whilst the two adjacent streets form the main pedestrian routes between the Market Square and Stafford Street. The property therefore forms part of the epicentre of the retail and leisure offering in the town and experiences high levels of footfall, local occupiers include Primark, KFC, Boots, and TK Maxx.

Location

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Location: 50 Stafford Street, 50 Stafford Street, Stoke-on-trent, ST1 1JB

Stoke-on-Trent (1.2 miles)

Longport (2.0 miles)

Longton (2.9 miles)

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