Convenience Store for sale

116-126 Steelhouse Lane, Wolverhampton, West Midlands, WV2 2AW

5,918 sq. ft. | £295,000

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • PROMINENT FRONTAGE
  • FULLY REFURBISHED
  • CAR PARKING TO REAR
  • INCOME PRODUCING

Full description

Tenure: Freehold

Location
The premises are situated in a in a mixed use location comprising mainly of residential and some commercial businesses fronting Steelhouse Lane. Wolverhampton City Centre is approximately miles south east of the subject premises. Junction 10 of M6 Motorway is approximately 6 miles east which leads to the wider motorway network.

Description
The property comprises of a single storey detached retail warehouse building of brick built construction surmounted by a pitched corrugated roof. Internally the property has been fully fitted to provide a retail unit and benefits from a concrete floor, full suspended ceiling throughout incorporating LED lighting, electric roller shutter to the front, three-phase electric and WC facilities. There is a metal electric roller shutter door to the side. To the rear of the building is a yard area accessed via secure metal gates from the main road. Externally there is car parking to the side of the property.

Energy Performance Certificates
Details available upon request.

Services
We are advised all main services are connected to include gas, water and three phase electricity.

Planning
We have been advised by the vendor that the property has planning permission for A1 (General Retail) use.

Interested parties are advised to make their own enquiries to the planning department at Wolverhampton City Council on 01902 551 155.

Lease
The property is currently let on a 15 year lease with effect from 8th January 2016 at a passing rent of 24,000 per annum exclusive. There is a tenant only break option at the 10th anniversary and 5 yearly rent reviews. The landlord is holding a 3 month rent deposit as well as a personal guarantee.

Tenure/Price
The freehold investment is for sale at a quoting price of 295,000.

Business Rates
The property is currently listed within the 2010 rating listing as having a rateable value of 17,000. Rates payable will be in the region of 8,194 per annum.

Interested parties are advised to make their own enquiries to Wolverhampton City Council on 01902 551 155.

VAT
The property is not elected for VAT.

Legal Costs
Each party to pay their own legal costs incurred in this transaction.

Viewing
Strictly by prior appointment with the sole agents,
Mason Young Property Consultants.

More information from this agent

Nearest stations

  • The Royal (0.3 mi)
  • Wolverhampton St George's (0.6 mi)
  • Wolverhampton (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Mason Young Property Consultants, Birmingham

6 Warstone Mews, Warstone Lane, Hockley, Birmingham, B18 6JB

0121 396 0850 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • The Royal (0.3 mi)
  • Wolverhampton St George's (0.6 mi)
  • Wolverhampton (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Mason Young Property Consultants, Birmingham

6 Warstone Mews, Warstone Lane, Hockley, Birmingham, B18 6JB

0121 396 0850 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference MYINV002. 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 Mason Young Property Consultants, Birmingham . 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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