Retail Property (Out of Town) for Rent

Prominent Town Centre Retail Unit   343 sq.ft. (31.87m²)   Suitable for a variety of uses (subject to Planning)  

LOCATION:  The property is prominently located on Leicester Street which is a pedestrian street in the heart of Walsall town centre.  The property is situated immediately opposite  Wetherspoons and other national retailers close by include William Hill, Nationwide Building Society, West Bromwich Building Society, Ladbrokes, the Co-Op and HSBC Bank plc.

DESCRIPTION: The property comprises a ground floor lock-up shop within a three-storey building of brick construction with a pitched roof. 

ACCOMMODATION   Shop with glazed display window and entrance door, suspended ceiling and external power operated security shutter.  W.C.

TOTAL NET INTERNAL FLOOR AREA:   343 SQ.FT. (31.87M²)

SERVICES: Usual mains services, with the exception of gas, are understood to be connected or available to the property.  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:         £7,100

Description: Shop and Premises

NB:  Small Business Rate Relief may be available.  Interested parties are advised to make their own enquiries of the Local Authority in this regard.

TOWN PLANNING:   The property has most recently been used as a Newsagent which would fall within Use Class E.  A similar use 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 to rent by way of a new internal repairing and insuring lease for three years or multiples thereof with rent reviews every three years, subject to an asking rental of £7,500 per annum plus VAT.

SERVICE CHARGE:   Service charge is levied for the upkeep of external parts.  For further information  please contact the Letting Agents.

COSTS:  The ingoing Tenant is to be responsible for the Landlord’s reasonable legal expenses in connection with the preparation of the Agreement.

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.

ENERGY PERFORMANCE CERTIFICATE:  The property has a rating of D (77). A copy of the EPC will be available for inspection at the agent’s offices or on their web site.

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.