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74-80 Chapel Ash, Wolverhampton

POA
Hexagon Commercial Property, Stourbridge
SIZE AVAILABLE

9,192 sq ft

854 sq m

SECTOR

High street retail property for sale

Key features

  • PASSING RENT OF £66,140
  • VACANT SPACE ERV - £25,000
  • RARE FREEHOLD OPPORTUNITY

Description

This rare freehold opportunity to acquire x2 lock-up shops and 9 self-contained one bedroom apartments is located prominently on Chapel Ash, one of the main routes to and from Wolverhampton City Centre, benefitting from a substantial amount of passing vehicular traffic. There are currently 7 flats let on AST‘s producing an income of £66,140, and one shop (74-78 Chapel Ash) let for £5,000 per annum (which, based on recent lettings within the parade, we believe is under-rented). 80 Chapel Ash is a 3,675 sq ft retail showroom which is currently vacant along with two flats which are currently vacant.
Overall - 9,191 Sq Ft ( 853 SqM ) Please contact the agent for a full breakdown of the accommodation and tenancy schedule.
The property is located on the busy Chapel Ash close to Wolverhampton City Centre, approximately 0.5 miles away. The surrounding area includes a mix of retailers and professional firms, with a large Sainsburys supermarket and Subway nearby. The property is also situated close to many bus stops and the train station is only 1.5 miles away via the A4150. This provides excellent transport links to the surrounding areas
Freehold
Please contact the agent for a full breakdown of accommodation and tenancy schedule.
We are seeking offers for the freehold in the region of £950,000 plus VAT.

Brochures

74-80 Chapel Ash, Wolverhampton

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wolverhampton St George's Tram Stop0.6 miles
  • Wolverhampton Station0.8 miles
  • The Royal Tram Stop0.9 miles

About Hexagon Commercial Property, Stourbridge

The Auction House 87/88 St. Johns Road, Stourbridge, DY8 1EH

Previously known and branded as Lex Allan Commercial, Hexagon are a Stourbridge based bespoke Commercial Property Solutions provider trading from the premises of Lex Allan (The Auction House).

Offering Commercial Property services in lettings, sales, acquisitions, management and more in the Stourbridge, Halesowen, Lye, Brierley Hill, Kingswinford, Netherton and surrounding areas.

Having built a strong reputation as Lex Allan Commercial we continue to offer a full range of agency and management services and are retained by both local and regional property investors and National operators.

Our exemplary breadth of Commercial Property experience in the Black Country and surrounding areas means Hexagon are well positioned to offer informed and incisive advice on all commercial property related matters. All of our staff members live within the area’s which we cover therefore allowing them to provide informed advice and up to date information.

Notes

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Disclaimer - Property reference 51892. 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 Hexagon Commercial Property, Stourbridge. 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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