Retail for Rent

The property forms part of the ground floor of a four storey Grade II Listed Building thought suitable for a variety of uses (subject to planning).

LOCATION:  The property is situated on the southern side of Leicester Street, forming part of the pedestrianised retailing centre of Walsall.  Walsall Town Hall and Bus Station are in close proximity, while nearby operators include Wetherspoons, William Hill and Nationwide.  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 part of the ground floor of a four storey Grade II Listed Building thought suitable for a variety of uses (subject to planning).

ACCOMMODATION: Front retail area having glazed display windows, currently arranged in two principal areas, rear store and toilet.  Total Net Internal Floor area approximately 4,073 sq.ft. (378.4 sq.m.) of which the left hand side part, 13 - 17, is approximately 2,756 sq.ft. (256 sq.m.) and the right hand side part, 19 - 21, is approximately 1,317 sq.ft. (122.34 sq.m.).

AGENT’S NOTE:-  The property could be sub-divided into two separate premises and is available to purchase/let on this basis or as a whole.  Further, the adjoining left hand property, 9 - 11 Leicester Street, having a Total Net Internal Floor area of approximately 1,055 sq.ft. (98 sq.m.), is also available to purchase/let and could be bought/rented 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: Usual mains services are understood to be connected or available to the property.  No tests have been applied to any of the services or appliances.

TOWN PLANNING:   The property is a Grade II Listed Building and situated within a Conservation Area and is thought suitable for a variety of uses, subject to planning.  Interested parties are advised to make their own enquiries of the Local Authority Planning Department in respect of their intended use.

ENERGY PERFORMANCE CERTIFICATE:  The property has a rating of 60 - Band C. 

TERMS:  The property is available To Let by way of a new effectively full repairing and insuring lease at an initial rent of £35,000 per annum exclusive plus VAT.  The two parts are also available separately at rents of £26,500 per annum and £13,000 per annum exclusive plus VAT for 13 - 17 and 19 - 21 respectively.  Alternatively, the property is available to purchase as a whole for £400,000 plus VAT or the two parts separately for £300,000 and £150,000 plus VAT respectively.

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 longleasehold 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.