Cushman & Wakefield

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Contacts

  • Adam Lazenbury

    • T: 0207 152 5007 (Office)

Unit 7-9 Victoria Arcade, Mander Shopping Centre

Wolverhampton, West Midlands, WV1 3NH

7-9 Victoria Arcade, Mander Centre, Wolverhampton, Mander Shopping Centre, Wolverhampton - Picture 2017-02-15-16-13-50

Lease Type

New Lease

Rent

£40,000 pa

RENT: On Application

Use Class

A1

Lease Term

The premises are available by way of a new effective full repairing and insuring lease for a term of 10 years, subject to 5 yearly upward only rent reviews.

Description

The property is situated in a prominent location on Victoria Arcade adjoining Bon Marche. Other nearby occupiers include Costa, Sony Centre, Bodycare and Poundworld.

Location

Wolverhampton is a major commercial centre in the West Midlands with a primary catchment population of 415,000 people. The Mander Centre is the main covered shopping centre in the city centre comprising 485,000 sq ft. The scheme is currently undergoing a £25 million pound redevelopment anchored by a new 95,000 sq ft full line Debenhams opening Autumn 2017 complementing a new 30,000 sq ft H&M. The centre has an average weekly footfall of approximately 350,000 people. Other major retailers located within the centre include New Look, JD, The Entertainer, Superdrug and Footasylum.

Tenure

Leasehold

Accommodation

  • Areassq ftsq m
  • Ground Floor Sales1,543143.00
  • Basement Ancillary1,471136.00
  • Total Size3,014279.00

Rates

  • Rateable Value: £68,000
  • UBR: 49.70p/£
  • Rates Payable: £33,796

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

£17,379 per annum

Viewing

Strictly by appointment.