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7-9 Victoria Arcade Mander Centre, Wolverhampton, WV1 3NH

£ 40,000 pa
7-9 Victoria Arcade, Mander Centre, Wolverhampton, Mander Shopping Centre, Wolverhampton - Picture 2017-02-15-16-13-50
Use Class

Use Class

E(a)

Rent pa

Rent pa

£40,000

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

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.

Key Information

Viewing

Strictly by appointment.

Accommodation

Areas
Sq.Ft
Sq.M
Ground Floor Sales
1,543
143
Basement Ancillary
1,471
136

Financial

Lease Type

New Lease

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.

Rent

RENT: On Application

Costs

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

Service charge

£17,379 per annum

Tenure

Leasehold

Rates

Rateable Year:
2017
Rateable Value:
£68,000.00
Rates payable:
£33,796.00
UBR:
49.7p/£

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.

All data ©2024 Completely Property Technology Limited

This was last updated on 03/11/2022