1720 Sq ft - Licensed retail premises - Wolverhampton WV1

1720 Sq ft – Licensed retail premises – Wolverhampton WV1

To Let £32,500


  • LOCATION

  • This 1,720 Sq Ft town centre retail unit is located in a prominent position on Queens Square in Wolverhampton town centre.
  • Wolverhampton lies Northwest of its larger near-neighbour Birmingham and forms the second largest part of the West Midlands conurbation. To the North and West lies the Staffordshire and Shropshire countryside.
  • DESCRIPTION

  • Occupying the Ground and basement floors of a prominent building in the heart of the town which was formerly the Santander Bank. The Retail unit is being refurbished and will be taken to shell with areas for Kitchen and Wc. The upper floors are being converted into residential accommodation and are not included in the letting.

  • ACCOMMODATION

  • Ground Floor 1,394 ft2
  • Basement 326 ft2

  • Total 1,720 ft2

  • SERVICES

  • We are advised that all main services are connected to the property. These services have not been inspected or tested by the agent.

  • TERMS

  • The property is available on a new FRI lease, with length to be agreed, at £32,000 per annum plus VAT. A 3 month deposit will be required and rent is paid quarterly in advance. Landlord will insure the whole building and the tenant will refund a %age based on the Sq Ft occupied. Tenant to insure contents.

  • OUTGOINGS

  • We understand that the property is in the process of being reassessed for rating purposes.

  • VAT

  • We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.

  • LEGAL COSTS

  • Both Parties will be responsible for their own legal costs.

  • PLANNING

  • We understand that the property had planning permission granted under the previous A2 (Professional and Financial Services). In 2018 a change of use was granted to A4 (Drinking Establishment).
  • The property may be suitable for alternative uses subject to the correct planning permissions being granted.

  • OTHER

  • Finance may be available through Independent Financial Brokers and P & F Commercial would be pleased to make an introduction for you. The Brokers are completely Independent and will offer confidential, unbiased advice regulated by the Financial Authorities. Please ask for further details.

  • VIEWING

  • Strictly by prior appointment via the sole agents P & F Commercial Tel: 01664 431330 or via email office@pandfcommercial.com


    Property Details

    • Reference: 10705
    • Type: Retail
    • Status: To Let

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