Cushman & Wakefield

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Contacts

  • Doug Tweedie

    • T: 0121 710 5745 (Direct)
    • T: 07920788178 (Mobile)
    • T: 0121 200 2050 (Office)

Unit 8-10 Bakers Lane, Three Spires Shopping Centre

Lichfield, Staffordshire, WS13 6JF

8-10 Bakers Lane, Three Spires Shopping Centre, Lichfield - Picture 2017-07-10-14-35-26

Lease Type

New Lease

Rent

£87,500 pa

Use Class

A1

Lease Term

The premises are offered by way of a new 10 year effectively full repairing and insuring lease subject to five yearly upward only rent reviews.

Description

The property is situated in a prime trading location within the Three Spires Shopping Centre, the property sits along side The Bodyshop and O2. Other nearby retailers include Vodafone, Marks & Spencer Simply Food and Carphone Warehouse.

Location

Lichfield is an affluent cathedral city located 15 miles North East of Birmingham and 6 miles North West of Tamworth and benefits from a district population of approximately 93,000. The Three Spires Shopping Centre is the prime trading location in the city centre, anchored by Debenhams, other multiple retailers located in the city include Fat Face, WH Smith, New Look, Marks & Spencer, Caffe Nero, Dorothy Perkins, EE, Holland & Barrett, The Body Shop and Costa Coffee.

Tenure

Leasehold

Accommodation

  • Dimensionsftm
  • Gross Frontage5817.64
  • Internal Width5617.06
  • Shop Depth3811.61
  • Areassq ftsq m
  • Ground Floor Sales1,776164.99
  • First Floor Ancillary1,426132.47
  • Total Size3,202297.46

Rates

  • Rateable Value: £88,500
  • UBR: 47.90p/£
  • Rates Payable: £42,392

We are verbally informed that the premises are assessed as above. We would recommend that interested parties make their own enquiries via the Local Rating Authority.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service Charge

£10,696 per annum

Viewing

Strictly by appointment.