Retail No Longer Listed 37 Queen Square, Wolverhampton

The shop to let is prominently located in the centre of Wolverhampton on Queen Square, opposite the Mander Shopping Centre.

Surrounding occupiers include University of Wolverhampton, Wolverhampton Art Galley, The Grand Theatre, House of Fraser 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.

Well-appointed regular shaped shop with two large display windows, suspended ceiling and air conditioning. To the rear of the main trading area are customer WCs, offices, staff amenities and storage.

The shop has been measured on a Net Internal Area (NIA) in accordance with the RICS Code of Measuring practice. Measurements have been taken from the VOA and should be confirmed.

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.

It is to our understanding that all mains services with the exception of gas are connected to the property.

The property is currently listed as a 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: £30,250

Leasehold

Prominently located shop to let by way of a new sublease to expire in February 2024. 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.

Rent: £30,000 per annum. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

C(61)

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.