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Longton Exchange Shopping Centre, Unit 10 Chancery Ln 56,900 sq ft 48% Let Retail Property Stoke On Trent ST3 1NQ For Sale

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INVESTMENT HIGHLIGHTS

  • Purchase a substantial retail warehouse offering prime anchor space within Stoke-on-Trent's principal commercial centre.
  • Strategically located in the heart of the town centre, bounded by Commerce Street to the rear, leading to the main thoroughfare of Longton (A50).
  • Unit 10 is currently leased in part to Home Bargains, with 29,644-square-foot of space currently advertised for move-in(former Wilko).
  • Visitors can enjoy convenient travel to this popular retail destination with access to a large, 400-space car park offering free parking (30 mins).

EXECUTIVE SUMMARY

Purchase Unit 10 within the recently refurbished Longton Exchange Shopping Centre, the principal commercial centre in Stoke-on-Trent. This vibrant shopping destination has been identified as the premier location for food shopping and the second-best for clothing and footwear in the area.

The centre is now seeking new ownership of Unit 10, offering a significant retail premise partly leased to Home Bargains, with 29,644 square feet currently advertised for lease. The subject property comprises the former Wilko unit, offering a ground-floor and partial first-floor retail warehouse of concrete portal frame construction brick elevations and insulated double-skin cladding. Internally, the property offers an open-plan retail sales area with suspended ceilings and terrazzo flooring and first-floor storage accessible via two goods lifts. Goods can be delivered via a covered area with a full-height loading bay to the rear.

Longton Exchange Quay Shopping Centre occupies a prime position in the heart of the town centre, bounded by Commerce Street to the rear, which leads directly to the main thoroughfare through Longton (the A50, allowing easy access for customers throughout Stoke-on-Trent. Visitors travelling by car can enjoy convenient travel with ample council-owned parking nearby, offering over 400 spaces with up to 30 minutes of free parking. Longton Train Station is on the doorstep for those travelling by public transport, and there are many bus routes servicing the area.

Join nearby retailers Tesco Extra, Lidl, Matalan, Next, Sports Direct, Farmfoods, and B&M, and become part of this established retail destination at Longton Exchange Shopping Centre.

ATTACHMENTS

attachment (82)

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront
Property Size
56,900 sq ft
Costar Property Class
B
Year Built
2008
Occupancy Rate
48%
Tenancy
Multiple
Number of Floors
2
Loading Docks
1 Exterior
Plot ratio
1.37
Total Plot Size
0.95 ac
Parking
400 Spaces (7.03 Spaces per 1,000 sq ft Leased)
Frontage
182 ft on Commerce Street

AMENITIES

  • Mezzanine
  • Signage
  • Wheelchair Accessible
  • Storage Space

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • Ground
  • 29,644 sq ft
  • Retail
  • Standalone
  • Now

Occupy 29,644-square-foot of space within Longton Exchange Shopping Centre. The unit was previously occupied by Wilko. The space is available on a new effective fully repairing and insuring lease for a term to be agreed, subject to 5 yearly upwards only rent reviews. Please contact the agents for more information.

Space Size Space Use Position Available
Ground 29,644 sq ft Retail Standalone Now

Ground

Size
29,644 sq ft
Space Use
Retail
Position
Standalone
Available
Now

Ground

Size 29,644 sq ft
Space Use Retail
Position Standalone
Available Now

Occupy 29,644-square-foot of space within Longton Exchange Shopping Centre. The unit was previously occupied by Wilko. The space is available on a new effective fully repairing and insuring lease for a term to be agreed, subject to 5 yearly upwards only rent reviews. Please contact the agents for more information.

NEARBY MAJOR RETAILERS

Costa Coffee
Heron Foods
Iceland
Tesco Extra
Lloyds Bank plc
Barclays Bank
Lidl
Co-op
SPAR
ASDA
  • Listing ID: 31060581

  • Date on Market: 27/02/2024

  • Last Updated:

  • Address: Chancery Ln, Stoke On Trent ST3 1NQ

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