Land for saleChurchbridge, Oldbury
Sold STC £135,000
For sale an investment property comprising a parcel of land currently utilised as a car park with the benefit of a prominent location close to Junction 2 of the M5 Motorway and Oldbury Town Centre and accessed from the rear (also known as Churchbridge) via Park Street.
A current rent of £10,000 per annum is being paid. The site may be suitable for alternative uses in the future subject to planning. (Note: No official post code B69 2AS will assist locating the site using navigation systems).
ROUTE TO THE PROPERTY:- From Agent's Quinton Office (A456) Hagley Road West proceed into Kingsway. Continue via Moat Road into Queensway to the junction with the Wolverhampton Road. Take a turning on the left and continue for approximately 1 mile to Junction 2 of the M5. Continue into Churchbridge and take a turning on the left into Park Street. Turn right at the junction with Birchfield Lane/Churchbridge. The access to the site is a short distance long on the right hand side.
CAR PARK: The car park is of an irregular shape and has a tarmacadam surface. The site is enclosed by security gates and fencing and has the benefit of TV survelliance. Access is controlled by a barrier system. There are parking bays for 42 vehicles.
There is a small blockwork store with timber doors towards the front of the site.
The agents are advised that the property is freehold.
The property is currently let to N Power Limited for a term of 10 years from June 2008 at a rent of £10,000 per annum. (Note: The tenants have entered into a declaration stating that Sections 24-28 of the Landlord and Tenant Act 1954 are not to apply to the lease).
The Agent has not checked the legal documentation to verify legal status of the property or validity of any guarantee. The buyer is advised to obtain verification from their Solicitor or Surveyor.
The Agents have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify they are in working order or fit for their purpose. The buyer is advised to obtain verification from their Solicitor or Surveyor.
1035 sq.m. (0.256 acres) or thereabouts.
All figures quoted are exclusive of VAT where applicable.
The barrier system, tv survelliance system are the property of Npower and are controlled from the Npower offices in Birchley Park, Oldbury, by their security officers. The blockwork store was provided by the vendor to house the electric supply for their systems.
Strictly by prior telephone appointment through Agents.
The car park does not have an official postcode. The postcode detailed in the address is to assist prospective purchasers using navigation systems.
Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
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