Description
Freehold Town Centre Retail Unit Investment with Development Potential
Property features
- Substantial town centre retail property for sale
- Very competitive rent
- Ground floor sales: 5,672 sq ft
- First floor storage or office: 5,575 sq ft
- Close to national retailers such as Greggs, EE and Vodafone
- EPC: D (82)
Property description
A large mid terraced retail unit with 5,600 sq ft of ground floor sales plus a similar quantity of first floor ancillary storage or office accommodation. 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 shopping centre and bus station as well as a large multistorey car park, all of which will significantly benefit 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.
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.
Tenure
available freehold, subject to contract and with vacant possession upon completion.
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: 5,575 sq ft
WC: —
Total gia: 11,247 sq ft
Buyer’s Premium: Applies on the fall of the hammer. The purchaser shall pay a 10% deposit. Plus, In addition a buyer’s premium of 2% of the sale price + VAT upon the exchange of contract.
When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti Money Laundering Act.