• Commercial investment property let to Coral Racing Ltd
• Let until the 14th May 2028 at £15,000 pax
• Double fronted property with three bed flat above (un-used)
• Forming part of a popular terrace of mix use commercial uses
• EPC: 61 (Band C)
GENERAL DESCRIPTION
A traditional double fronted retail property having been
occupied by Coral for many years. The property is
constructed out of brick elevations supporting a pitch clay
tiled roof and briefly comprises an open plan sales area
with staff and public toilets together with a first floor
three-bedroom flat, which is currently un-used. The property
forms part of an established terrace of mixed used commercial
properties in a densely populated area and is also highly visible
from the main road.
LOCATION
The property has an extensive roadside frontage to Twigg
Street and is highly visible from Beverly Drive, which runs
parallel to Twigg Street and provides one of the principal roads
into the Bentilee housing estate. Bucknall is an urban village on
the outskirts of Hanley city centre, which is approx. 1.5 miles to
the west.
SERVICES
All mains services are connected. The sales area has comfort
cooling/heating installed. No services have been tested by the
agents.
VAT
The sale price is not subject to VAT.
TENURE
Available freehold, subject to contract and the existing lease, a
copy of which can be made available.
BUSINESS RATES
Rateable Value: £12,500
The tenant is responsible for payment of business rate.
TENANCY DETAILS
The whole property is let to Coral Racing Ltd (Company
number: 00541600) by way of a 5 year Full Repairing and
Insuring lease, which commenced 15th May 2023 and expires
14th May 2028. There is a tenant break effective 24th March
2026, (six months notice period). The passing rent throughout
the term is fixed at £15,000 pax.
ACCOMMODATION
Ground Floor
Sales Area: 929 sq ft
Rear stores/Staffroom: 121 sq ft
Staff/Public WC: -
First Floor
Living Room/kitchen: 321 sq ft
Bathroom: 76 sq ft
Bedroom 1: 123 sq ft
Bedroom 2: 101 sq ft
Bedroom 3: 86 sq ft
Total NIA: 1,757 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.
