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High Street, Stone, Staffordshire, ST15 8AU

£4,500,000


Full Details

Hyde Estates present this opportunity for investors and developers alike to purchase a commercial portfolio in the vibrant market town of Stone in Staffordshire. The portfolio is set within approx 1.5 Acres and includes high street buildings, a section of which has listed status. Tenants include B & M bargains, Dunoon Pottery, Stone Conservative Associates, Snooty Madame Clothing and Chocbox. There are substantial cellars under the high street shops historically used by the John Joules & Son brewery in the early 1900s. They are currently unused and would lend itself to a stylish wine bar/restaurant (subject to planning).


High Street Arcade is accessed from High Street under the Stones Brewery emblazoned arch next to B & M Bargains. The arcade features a glass roof allowing an abundance of natural light with a variety of tenanted shops to include Stone carpet, Arcadia coffee, Flawless, M – Viron, Roots colour bar and Nails 4 U. The first floor offices suites situated over the arcade is occupied by Direct recruitment and Rooftops Dance studio. Much of the first floor which spans the high street shops is a blank canvass ready for either redevelopment into residential apartments (subject to planning) or relatively easily into office suites. To the rear of the site is a carpark which generates on average £70,000 per annum.
A further development opportunity (Subject to planning) is possible above the existing approx 20,000sq ft B&M bargains site which has recently been re roofed and includes a loading bay together with a separate car park.

We have been advised the total Net income is £286,073.

Location
Stone has an attractive shopping environment with many historic buildings housing an interesting mix of retail occupiers. The site is surrounded on three sides by Crown street, Newcastle street and High Street. There is access to the M6 Motorway network and the A34 Stone Road providing links with the nearby Stoke-on-Trent and Stafford.

Service charge - payable by all tenants
Accommodation –situated on approx. 1.5 acre site
Tenure - Freehold
Costs – Each party is to bear their own legal costs - TOGC
Energy performance rating – TBA
Viewing - for internal inspections contact Daniel Jaysan on 0161 773 4583

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