High Street Now Let Lichfield Street, Wolverhampton

WV1 1DG

£17,000 per annum (please check the VAT status)

1,625 Sq Ft (151.0 Sq M)

Retail - Now Let - please contact the office to discuss your requirement.
Front elevation

Key features for Retail in WV1 1DG - Now Let

  • Rent: £17,000 per annum (please check the VAT status)
  • 1,625 Sq Ft (151.0 Sq M)

  • Centrally located
  • Close to University, Art Gallery and Grand Theatre
  • Regular shaped shop with air con
  • Customer and Staff WC's on GF
  • Ready for occupier fit out
  • FF offices in need of renovation
  • Shared rear service yard for bin storage
  • Close to Public Transport and car parking

Where is the High Street located?

The shop to let is located in the Centre of Wolverhampton on Lichfield Street. Lichfield Street connects with Princes Street immediately to the east and Queen Square to the west.

Surrounding occupiers include University of Wolverhampton, Wolverhampton Art Galley, The Grand Theatre and a good range of high street retailers and professional services.

The train and bus stations are just a 0.4 mile walk to the east.

Description

Mid terrace retail unit to let with suspended ceiling and Air Con. Open plan trading area with rear kitchen, storage, customer and staff WC. Ready for occupier fitout. First floor offices in need of renovation.

How has the accommodation been measured?

The accommodation has been measured on a Net Internal Area (NIA), measured in accordance with the RICS Code of Measuring Practice.

Floor Sq Ft Sq M
Sales area 1,000 92.9
Kitchen 64 5.95
First-floor ancillary 560 52.02
Total1,624151

Planning

The premises occupies a high street location and is imminently suitable for a broad range of uses STP. The most recent amendment to the The Town and Country Planning (Use Classes) (Amendment) (England) Order 2015, has now classed betting shops as Sui Generis (a use that does not fall within any use class). There is a permitted change of use to Class E - Commercial Business and Service.

Services

All mains services are connected to the property.

What is the Rateable Value?

The property is currently listed as a betting shop and premises on VOA.gov.uk.

The 2023/24 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business.

Rateable Value: £16,500

Rates Payable: £8,234

How is the accommodation offered?

Leasehold

Shop to let by way of a new sublease to expire in May 2030. Interested parties are invited to discuss their specific leasing requirements. Subject to individual covenant and terms an assignment, tenancy at will or surrender and re grant may be possible. Where superior Landlords consent is required, a 50% contribution to superior Landlord costs is requested

Price

Rent: £17,000 per annum. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which shall be applicable at the prevailing rate.

EPC

B(40)

What are the viewing arrangements

Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

25-Jul-2023

Omeeto

Please check our website for a suite of photos, videos and virtual tour. Users can also access various property documents.

Sales area Front elevation

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

Map showing location of property

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

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