Retail premises to let in Market Place, Cannock WS11

Location

The subject premises are situated within the prime retailing position of Market Place and occupies a prominent corner position near to Church Street and Market Hall Precinct. Local occupiers include Halifax Bank, Poundland, Greggs, Vodafone, Three Mobile, Iceland, and wh Smiths incorporating the Post Office.

Description

The property comprises a former ‘Barclays Bank’ arranged over three floors with large ground floor retail sales area extending to approximately 2,787 sq ft with pedestrian entrance within a large glazed frontage. The retail space is fitted with surface mounted lighting, and air-conditioning units are installed throughout.

Additionally, the first and second floors provides a storage area, welfare facilities, and offices.

Services

It is believed that metered 3 phase electricity, gas, water, and drainage is connected to the property.

The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose.

Floor areas

The property comprises the following approximate areas:

• Ground Floor: 2,787 sq ft

• 1st & 2nd floor storage & office: 2,504 sq ft

• Total: 5,291 sq ft

Lease terms

A new Fri type lease for a term of years to be agreed between the parties and incorporating upward only rent reviews.

Rental

Upon Application.

All rentals etc are quotes exclusive of business rates, insurance, service charge, VAT and all other outgoings, etc. Rental to be payable quarterly in advance.

Service charge
N/A

legal costs

Each party to pay for their own costs incurred in a transaction.

Business rates

2023 Rateable Value: £29,500

‘Retail, hospitality and leisure relief’ may apply subject to status.

Possession

Full vacant possession will be offered upon completion of all legal formalities.

VAT

All rentals etc exclude the liability of VAT, which will be chargeable as an addition and at the appropriate rate prevailing.

EPC

D100