Market Street, Lichfield
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Freehold Retail Investment producing £17,500 per annum
- Entirely let to St Giles Hospice on a lease expiring November 2028
- Vacant offices above (currently sub let)
- Potential to convert upper floors to residential (subject to planning).
- Grade II Listed
- EPC D
Description
Jayman Commercial offer for sale freehold this mid terraced three storey retail property in the heart of Lichfield City Centre. Market Street is a busy pedestrianized retail area attracting good passing foot traffic. St Giles Hospice have a lease on the entire property on a lease expiring November 2028 (they have occupied since 2008). The current rent passing is £17,500 per annum. The upper offices are vacant and not used by the tenant so there is an opportunity to either occupy them as offices or convert to residential by re-gearing the lease. The market value of the offices is estimated to be £300 per month (£3,600 per annum). The property is Grade II listed. Viewing strictly by prior appointment with Jayman Commercial.
Ground Floor Sales - 3.6 x 6.5 (11'9" x 21'3") -
Ground Floor Sales - 3.2 x 4.6 (10'5" x 15'1") -
Kitchen & Wc -
Store Room - 2.7 x 1.7 (8'10" x 5'6") -
Rear Office - 3.9 x 2.4 (12'9" x 7'10") -
Brochures
Market Street, Lichfield
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lichfield City Station0.3 miles
- Lichfield Trent Valley Station1.2 miles
- Shenstone Station3.1 miles
Notes
Disclaimer - Property reference 33741601. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Jayman Commercial, Lichfield. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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