1a & 1b, Market Hall Street, Cannock, Staffordshire, WS11 1EB
LOCATION
The subject premises are situated within the prime retailing position of Market Hall precinct in Cannock Town Centre.
Nearby occupiers include Vodafone, Card Factory, H Samuel, 3 Mobile, New Look, JD Sports, Greggs, Pound Bakery Shoe Zone, Dorothy Perkins & Costa Coffee.
DESCRIPTION
The property comprises ground floor retail sales extending to approximately 1,305 sq ft, and other ancillary space of 914 sq ft. The property benefits from a large glazed frontage extending to almost 15m, set behind roller shutter security doors.
Internally the property is fitted with a commercial kitchen and fridge counters. On both the ground and first floor there are large commercial fridges installed (untested).
Loading access is available to the rear of the property on the ground and first floor. Toilets and an office area are located on the first floor.
SERVICES
The property benefits from metered electricity, water, and drainage. Interested parties should verify this for themselves.
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
£25,000 per annum exclusive, subject to contract.
Exclusive of VAT, building insurance, business rates, service charge, water rates and all other outgoings.
FLOOR AREAS
The property comprises the following approximate areas and dimensions:
Ground Floor Sales Area: 1,305 sq ft (121.28 sq m)
Ground Floor Stores & ancillary: 338 sq ft (31.44 sq m)
First Floor stores: 447 sq ft (41.5 sq m)
First floor office & toilets: 129 sq ft (12.00 sq m)
Total: 2,219 sq ft (206.22 sq m)
SERVICE CHARGE
A variable charge is levied on the unit in order to cover the economic cost of the upkeep and maintenance and management, etc of common parts and facilities.
Levied on a fair proportion basis. For the year ending 2019 this is budgeted to be £9,534 (+VAT).
LEGAL COSTS
Each party to pay for their own costs incurred in a transaction.
BUSINESS RATES
2017 Rateable Value: £24,500
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
The property has an energy performance rating of C65.
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Notice and Conditions
White Rose Real Estates Ltd for themselves, for any joint Agents, the vendors or lessors give notice that these particulars have been prepared and are intended for general guidance of the prospective purchasers or lessees but do not constitute or form part of any offer or contract. All Information, descriptions, dimensions, references to permissions, use, occupation and other details is supplied in good faith and believed to be correct at the date of issue. The accuracy of such information cannot however be guaranteed and intending purchasers or lessees must rely on their own inspection, enquiries and survey. Neither the directors nor the staff of White Rose Real Estates Ltd or any joint Agent or sub Agent has authority to make or give any representations or warranties whatsoever in relation to the property.