Overview

Lease Available in Central High Street Location

Tenure The property is held on a FRI lease expiring on 16th June 2028. There is a break option on 17th June 2023. Further details are available on request. Rent The current rent is £13,700 per annum exclusive. Terms The property is available by way of an assignment of the existing lease expiring 16th June 2028.  Alternatively, the property is available on sublease up to June 2023, on terms to be negotiated. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £10,500.00 and the rates payable are £5,040.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Wem is a Shropshire market town, located approximately 9 miles north of Shrewsbury, 20 miles north west of Telford and 30 miles south west of Stoke-on-Trent. The property occupies a central position on High Street at the inter-junction between Nobel Street and Leek Street, immediately adjacent to the Castle Hotel. Nearby occupiers include Co-op Food, The Post Office and Severn Hospice.

Sizes and Measurements

Total Size

1,714sqft

Sales Area

1,141sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,141sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

573sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

16/06/2028

Next Lease Break

17/06/2023

Lease type

Assignment

For rent

£13,700/pa

UBR

48p

Rateable Value

£10,500.00

Business Rates

£5,040/pa

Specification

  • Former Bank
  • Leasehold Available
  • Various Uses permitted
  • Subject to Planning

Photos

WEM IMAGE

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