Retail premises to let in Unit 3 Castle Walk, Newcastle-Under-Lyme, Staffs ST5

General description
A ground floor self-contained retail unit forming part of a prime retail development in the town centre. The unit briefly comprise a retail area together with WC with plastered wall surfaces, laminate wood floor coverings and a suspended ceiling. The unit features a secure, electric roller shutter to the front with window frontage onto the busy Castle Walk stretch. Castle Walk is a popular and modern retail
development supporting a wide range of national retailers and forms on of the principal retail areas within the town. Neighbouring operators include New Look, Greggs and Peacocks. A low rent of £17,500pa is offered for the first year with a stepped rent increase of £1,000pa for the first two years, taking the rent to £19,500pa.

Location

Castle Walk was constructed circa 2005 and comprises a range of retail units which link Ironmarket and Hassell Street and is located in the pedestrianised town centre. There are a wide range of national retailers within the development and New Look next door.

Services

Mains electric, water, and drainage are connected. No services have been tested by the agents.

Tenure

Available by way of a new Full 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 £14,500
Rates payable £7,235.50pa (24/25)
Note: If you qualify for Small Business Rates Relief you should be entitled to a rate reduction.

Vat

The rent is subject to VAT.

Accommodation

Ground Floor
Depth: 32’0”
Width: 16’0”
gia: 512 sq ft
Kitchen & 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