Property Information
Address:
12 Queensway, Crewe, Cheshire
, CW1 2HQ
, Cheshire
, england
Price: Rent: £25,000 Per Annum
Size: 4904 sq ft456 sqm
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH688533
Property Ref/Agent: C02647
*Please use the agent ref when calling the agent directly.
Property description
GENERAL DESCRIPTION
A large mid terraced retail unit with 2,166 sq ft of ground floor sales. The property is currently laid out as a department store with large open plan ground floor sales, stockroom and offices and an escalator to the first floor sales area with additional storage, office and staff rooms. Overall, the property benefits from over 3,500 sq ft of sales but this can be increased or reduced according to the tenants requirements.
The premises benefits from frontage onto Queensway and aside loading area accessible via the service area at the rear, air conditioning to the sales area and internal staff and customer stairs.
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_regeneration_projects/crewe-town-centre-regenerationprogramme/repurposing-our-high-streets/repurposing-ourhigh-street-grants.aspx
LOCATION
The retail unit is located in the middle of Crewe town centre close to national retailers such as CEX, Waterstones and Holland & Barrett. The site is also within 100 yards of the new bus station and multistorey car park. Crewe is a University town with a population of around 75,000 people and 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.
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
The rent is subject to VAT.
TENURE
Available by way of a new Full Repairing and Insuring lease 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 £27,000
Rates payable £13,473 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).
Note: The above relief has been extended to the tax year 2024/2025.
ACCOMMODATION
Ground Floor
Sales area 2,166 sq ft
Office 68 sq ft
Stockroom 134 sq ft
Stockroom 70 sq ft
Changing room 190 sq ft
Total 2,628 sq ft
First Floor
Sales 1932 sq tf
Kitchen 113 sq ft
Stockroom 231 sq ft
WC --
Total 2,276 sq ft
Overall NIA: 4,904 sq ft
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
;