Retail Property (high street) for saleChurch Road, Wolverhampton
Offers in Region of
841 sq. ft.
- 841 sq ft (78 sq m)
- Ground floor Retail Premises
- Long Established
- Convenience Store
- NIA: 841 Sq ft (78.13 Sq m)
- Upper floors available separately
A mixed use investment comprising ground floor convenience store let on a five year lease from the 14th August 2012 at £10,800 pa and four bedroom home with current rental Income £6,600 per annum.
Description - A ground floor convenience store let on a five year lease from the 14th August 2012 at £10,800 pa. The property occupies a prominent position in Church Road, Bradmore and offers huge potential for future rental growth with an estimated rental value of £15,600pa. The residential part comprises a lounge and kitchen on the ground floor. To the first floor there are four bedrooms and a shower/bathroom, the property benefits from having double glazing and central heating. Rental Income from the residential part is £6,600 per annum.
Total Income : £17,400 per annum
Accommodation - COMMERCIAL (SHOP)
Sales Area: 684 Sq ft (63.54 Sq m)
Store Room: 157 Sq ft (14.59 Sq m)
TOTAL: 841 Sq ft (78.13 Sq m)
There is a yard to the rear of the building with access from the front via a shared undercover entrance.
Lounge - 6.6m x 3.8m (21'8" x 12'6") - Entrance via a double glazed door to lounge, double glazed windows, laminated flooring, two radiators, staircase to first floor, opening to kitchen.
Kitchen - 3.6m x 3.1m (11'10" x 10'2") - Double glazed window and door, fully tiled kitchen with matching wall and base units, inset sink and drainer,
First Floor Landing - Doors off to
Bedroom 1 - 3.8m x 3.6m (12'6" x 11'10") - Double glazed window to front, built-in wardrobes, radiator.
Bedroom 2 - 3.8m x 3.6m (12'6" x 11'10") - Double glazed window to rear, radiator.
Bedroom 3 - 4.3m x 3.7m (14'1" x 12'2") - Double glazed window to front, built-in wardrobes, radiator.
Bedroom 4 - 2.1m x 1.8m (6'11" x 5'11") - Double glazed window to rear, radiator.
Shower / Bathroom - Fully tiled bathroom with shower cubical and electric shower, corner bath, wash hand basin with storage below, low level WC, heated towel rail.
Services - All mains services are available subject to any reconnection which may be necessary.
Planning - Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.
Rating - The Rateable Value is £3,100. The standard non-domestic rating multiplier is 49.3 pence in the pound. The small business non-domestic rating multiplier is 48 pence in the pound, for properties with a rateable value up to £18,000. Bjb recommend parties make their own enquiries into any further business rate relief which maybe available.
Tenure - Freehold subject to an existing use for the ground floor retail unit.
Lease details: 5 years from 14th August 2012. We have been advised by our client the tenant is paying £10,800 per annum. A copy of the agreement can be provided.
Residential let on 6 month assured shorthold tenancies.
Viewing - To view this lot, please contact the selling office.
As the Sellers agent, we are not Surveyors or Conveyancing experts and as such we cannot and do not comment on the condition of the property or other issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain the possession of bjb.
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