1a & 1b Market Hall Street, Cannock, WS11

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.

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.