Market Street, Lichfield

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.