Retail for Rent

Retail/Commercial Unit forming the ground floor of a four storey building and could be used for a variety of uses (subject to planning consent).

LOCATION: The property is situated on the southern side of Leicester Street, which is apedestrianised street in the heart of Walsall town centre.  The property is close to Walsall Town Hall, and Bus Station and nearby operators including Wetherspoons, William Hill andNationwide.  Junction 10 of the M6 motorway lies approximately one and a half miles to the west, thereby providing access to the Midlands and National Motorway networks. 

DESCRIPTION:  The property forms the ground floor of a four storey building of brickconstruction and could be used for a variety of uses (subject to planning consent). 

ACCOMMODATION:  ‘L’ Shaped Retail Unit with glazed display window with entrance door, Small Store, WC area and Kitchenette installed. 

Total Net Internal Floor Area:  Approximately 1055 sq.ft. (98m²).

AGENT’S NOTE: The adjoining right hand property, 13 - 21 Leicester Street, having a total Net Internal Floor area of approximately 4,073 sq.ft. (378.4 sq.m.), is also available to purchase/let and could be taken together with the subject property.

9 - 11 Leicester Street - 1,055 sq.ft. - £12,000 per annum - £150,000

13 - 17 Leicester Street - 2,756 sq.ft. - £26,500 per annum - £300,000

19 - 21 Leicester Street - 1,317 sq.ft. - £13,000 per annum - £150,000

13-21 Leicester Street - (2 units combined) - 4,073 sq.ft. - £35,000 per annum -  £400,000

9 - 23 Leicester Street - (3 units combined) - 5,128 sq.ft. - £47,000 per annum - £550,000

SERVICES:   The property benefits from all mains services with the exception of gas.  No tests have been applied to any of the services or appliances.

RATING DATA: (information obtained from the Valuation Office Agency Web Site): 

Rateable Value: £14,250

Description: Shop and Premises

TOWN PLANNING:   The property is Grade II listed and situated in a conservation area.  The property has most recently been used as a barbers and a similar use falling within Use Class E of the Use Classes Order is thought appropriate. Interested parties are advised to make their own enquiries of the Local Authority Planning Department in respect of their intended use.

TERMS: The property is available to rent by way of a new effectively full repairing and insuring lease for a period to be negotiated at an initial rental of £12,000 per annum exclusive plus VAT.  Alternatively the property is available to purchase at £150,000 plus VAT.

ENERGY PERFORMANCE CERTIFICATE:  The property has a rating of 36 (B).  A copy of the EPC will be available for inspection at the agent’s offices or on their web site.

COSTS:  Each party will be responsible for their own legal costs incurred in the transaction.

REFERENCES:  The ingoing Tenant will be required to supply references to be taken up by the Landlord’s Agent for a non-returnable fee of £75.

TENURE:   The property is available to purchase Long Leasehold subject to a new lease.

VIEWINGS:    Contact Fraser Wood Commercial on 01922 629000.

Please note that all parties viewing the property do so at their own risk and neither the vendor nor the agent accept any responsibility or liability as a result of any such viewings.