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Sainsbury's Supermarkets Ltd Wolverhampton, WV2 1AY

£ 39,800 pa / 62,122 sq ft
 Sainsbury's Supermarkets Ltd, 20 St Georges Parade - Picture 1
 Sainsbury's Supermarkets Ltd, 20 St Georges Parade - Picture 2
Use Class

Use Class

E(a)

Size

Size

62,122 sq ft

Rent pa

Rent pa

£39,800

As a result of their relocation to a new store at Raglan Street in Wolverhampton, Sainsbury’s will be vacating their current store at 20 St George’s Parade during the summer of 2014.

The property is held leasehold and is being offered to the market on the basis of an assignment of the current lease or by way of sub-letting the whole or parts of the demise to suit individual retailer requirements.

The property is constructed in two distinct parts. The current store entrance is an impressive former 19th century church known as St George’s Church, which is brick built and externally clad in tixall stone. This building has been Grade 2 Listed since 1949. The remainder of the building forming the main part of the store was completed in 1988 and is a steel framed building with block work walls with a mixed façade of reconstructed stone and framed curtain walling with GRP panels.

Wolverhampton is located in the West Midlands, 15 miles northwest of Birmingham, 17 miles south of Stafford, 9 miles west of Walsall and 140 miles northwest of London. Road communications are excellent with Junction 2 of the M54 approximately 4 miles north of the city centre, Junction 10 of the M6 approximately 5 miles to the east and Junction 1 of the M5 approximately 9 miles to the south east. Wolverhampton is situated on the West Coast Mainline railway providing regular services to Birmingham with a fastest journey time of circa 17 minutes.

Accommodation

62,122 Sq.Ft

The retail areas of the property are laid out over ground and first floor levels with the ground floor currently split between sales and ancillary areas as summarised below. Subject to obtaining the necessary approvals, this designation of space may be altered to suit individual retailers requirements. The store has an internal eaves height from finished floor level to the underside of the suspended ceiling of approximately 3.32m in the main sales area and 2.9m in the church building entrance area. The overall site comprised within the demise extends to approximately 5.252 acres (2.135 hectares) and provides circa 425 dedicated customer car parking spaces.

Areas
Sq.Ft
Sq.M
Ground Floor Sales
33,035
3,068.95
Ground Floor Ancillary
11,201
1,040.57
First Floor Ancillary
17,886
1,661.6

Financial

Lease Term

The first floor offices above the church property are currently let to Wolverhampton City Council on a 25 year lease from 25th December 1988 therefore expiring on 24th December 2013. The passing rent is £39,800 per annum exclusive, which is subject to 5 yearly upward only rent reviews to open market value. Whilst we have not inspected this space, we understand from the Valuation Office that it extends to approximately 6,271 square feet.

Rent

Subject to contract, rental offers are invited in the region of £39800 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Rates

Rateable Year:
2014
Rateable Value:
£1,300,000.00
Rates payable:
£626,600.00
UBR:
48.2p/£

Sustainability

Energy Performance Certificate

111

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 21/03/2022