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499 Stafford Road, Wolverhampton, West Midlands, WV10 6RR

From
£995,000

£726.28 per sq ft

Business rates & charges may apply

Creative Retail, Birmingham
SIZE AVAILABLE

1,370-8,051 sq ft

127-748 sq m

SECTOR

Restaurant for sale

Key features

  • Excellent development opportunity STP
  • Fronts the busy A449 Stafford Rd
  • Total site area approximately 0.506 acres
  • Includes restaurant with first floor living accommodation
  • Restaurant NIA - c8,051 sq. ft .
  • Right to use neighbouring car park for free

Description

Location

The premises front onto the busy A449 Stafford Rd, are situated at the junction of Marsh Lane, and lie 1 mile south of M54 J2 and 2 miles north of Wolverhampton city centre.

Description

The premises comprise of a large restaurant with first floor living accommodation that occupy a very prominent site measuring 0.506 acres. The premises offer a clear refurbishment/redevelopment/reconfiguration opportunity - subject to securing statutory consents.

Tenure Comments

The premises are available freehold at a guide price of £895,000.

EPC

The premises have an EPC rating of B (46). The certificate is available on request.

Planning

The property is sold with the right for the freeholder and its customers to use the adjoining car park without charge, granted under a 125-year lease dating back to 1966.

VAT

The property is not registered for VAT purposes.

Legal Costs

Each party to be responsible for their own legal costs. The purchaser is to contribute £750 + VAT towards to sellers' legal costs.

Brochures

499 Stafford Road, Wolverhampton, West Midlands, WV10 6RR

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wolverhampton Station2.2 miles
  • Bilbrook Station2.4 miles
  • Wolverhampton St George's Tram Stop2.4 miles

About Creative Retail, Birmingham

51 Regent Parade, Birmingham, B1 3NS

Commercial Retail Property Consultants

Creative Retail are a Birmingham-based retail and leisure property practice.

We specialise in the Midlands Retail & Leisure property markets ? including High Streets, Shopping Centres, Leisure Schemes and Out of Town Retail Warehousing.

Passionate about Retail and Leisure; we provide a modern, professional, and dynamic service to our clients.

Commercial Property Agency

We pride ourselves on offering clients specific, accurate and targeted advice in a constantly evolving industry and market.

Our agency services include:

. Lettings

. Acquisitions & Disposals

. Development & Site Finding

. Investment strategy

. Asset Management

Commercial Property Development In what is becoming an increasingly competitive sector, Creative Retail are able to offer guidance on all stages of the retail development process from initial appraisals and site sourcing through to pre-let tenancy agreements and exit strategy.

We work closely with private sector developers and investors and our in-depth knowledge of retailer requirements combined with our considerable experience with property transactions means that we are able to offer our clients an unparalleled service and a 360º appreciation of the workings behind the development process.

Commercial Property Investments

Detailed and up-to-the-minute knowledge has never been more important when formulating investment strategies for Retail and Leisure Property. The pace of change in the sector is ever increasing and strategies that worked just months ago may need adapting to extract best value and maintain exposure to risk.

When advising our clients on their investments, we report on a broad range of factors beyond the fundamentals of covenant, lease terms and physicality of asset. These include:

. Occupiers changing requirements and business models

. Tenants trading strength

. Existing competition and proposed new occupiers and schemes in the locality

. Inward investment into specific areas from regional funding, private equity and government initiative.

We achieve this by leveraging the connections and relationships we have formed working exclusively in the retail and leisure sector.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 431FH. 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 Creative Retail, 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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