GENERAL DESCRIPTION
A large mid terraced retail unit with 5,600 sq ft of ground
floor sales plus an area of first floor ancillary storage or
office accommodation; size to be negotiated with the
landlord. The property is located in a prime location
surrounded by large national companies on the pedestrianised
section of Market Street in Crewe town centre. Crewe is
currently undergoing huge regeneration with a scheme agreed
in 2017 to drastically improve the area. The regeneration
includes demolishing some of the older retail buildings and
the old bus station and replacing these with a new bus station
as well as a large multistorey car park, all of which will
significantly improve the area. The premises benefits from a
substantial frontage to Market Street and a rear loading bay
with HGV access, a goods lift and air conditioning to the sales
area. There is the option to split the unit for the right tenant(s)
although a single let is preferred. There is the opportunity for
the ingoing tenant to apply for the repurposing our
highstreets grant, available via Cheshire East Council. Up to
£30,000 is available to pay for refurbishment, equipment and
a new shop front.
https://www.cheshireeast.gov.uk/business/major_regenerati
on_projects/crewe-town-centre-regenerationprogramme/repurposing-our-high-streets/repurposing-ourhigh-street-grants.aspx
LOCATION
The substantial retail unit is located in the middle of Crewe
town centre close to national retailers such as Greggs,
Vodaphone, EE and Claires Accessories. The site is also within
100 yards of the new bus station and multistorey car park
currently being built.
SERVICES
Mains electric, water and drainage are connected. Heating
and cooling is provided by multiple air conditioning units. No
services have been tested by the agents.
VAT
VAT is payable on the rent.
TENURE
Available by way of a new Internal Repairing and Insuring
lease by way of service charge for a minimum of 3 years and
with rent reviews every 3 years and with each party bearing
their own legal costs associated with the lease.
BUSINESS RATES
Rateable value £102,000
Rates payable £50,898 pa (23/24)
Note: Retail, hospitality and leisure relief – You could be
entitled to 75% off your business rates bills for the 2023
to 2024 tax year (1 April 2023 to 31 March 2024).
ACCOMMODATION
Ground floor sales 5,672 sq ft
First floor office/storage Approx 1,500 sq ft
WC --
ANTI MONEY LAUNDERING REGULATIONS
In accordance with the anti-money laundering
regulations, two forms of identification will be required
(e.g. photographic driving license, passport, utility bill)
from the applicant and a credit check may also be
required, the cost of which will be the responsibility of
the applicant. Where appropriate we will also need to see
proof of funds.
