High Street, WV5
£139.44 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,510 sq ft
233 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops, A2 Financial and Professional Services and B1 Business
A1, A2, B1
Key features
- Prominent Position Overlooking Village Cricket Ground
- Comprises Two Retail Units, One Occupied by Boots UK Ltd
- One Vacant Unit with Potential to Create Living Accommodation Above
- Car Parking at Rear
Description
The property is located fronting High Street, Wombourne, in the centre of the village and overlooking the cricket ground.
There is a wide range of retail outlets in the village of Wombourne. The property has the particular benefit of a shared side access which leads to a small private car park at the rear.
DESCRIPTION
The property is thought to date from the mid-18th Century and has been converted into two retail/showroom units many years ago.
The property presents an attractive elevation on the High Street within a row of similar properties.
The property is of brick construction and under a pitched tiled roof and still retains a number of period features.
The property currently comprises two separate retail units, the first known as "Estate House" is currently vacant and comprises a ground floor showroom with ancillary office accommodation behind. The first floor has most recently been used as office accommodation but would lend itself to residential use subject to the relevant consents being obtained.
The second unit, "1 High Street" is currently occupied by Boots UK Ltd and trades as a pharmacy, again benefiting from a retail/showroom area with ancillary accommodation behind and first floor office and storage accommodation above.
Units share a small rear yard which is accessed down the side of the property.
RATING
The Valuation Office website lists the building as follows:
Estate House £6,200
1 High Street £18,000
TENURE
The Freehold interest is for sale. The unit known as Estate House will be sold with vacant possession.
No.1 High Street is currently occupied by Boots UK Ltd, paying an annual rent of £16,000. The lease has expired and negotiations are ongoing with a view to granting a new lease on terms to be agreed.
VAT
We understand that the Landlord has not elected to waive the VAT exemption and therefore no VAT will be charged on the sale price.
ASKING PRICE
Offers are invited in the region of £350,000 for the freehold interest.
LEGAL COSTS
Each party will be responsible for their own legal costs.
VIEWINGS
Viewings by appointment only. All enquiries to First City 'The Property Consultancy' on quoting reference 5316. Ask for Christopher Bywater
EPC
Energy Performance Asset Rating: TBC
Brochures
High Street, WV5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Coseley Station4.2 miles
- Wolverhampton St George's Tram Stop4.2 miles
- The Royal Tram Stop4.2 miles
Notes
Disclaimer - Property reference 5316. 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 First City Limited, Wolverhampton. 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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