Waterloo Road, Wolverhampton, West Midlands, WV1
Size
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Tenure
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EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Profitable Business in Prominent Corner Location
- 50 Cover Restaurant
- Separate but Interconnecting Pizzeria and Take Out
- Available with Trade Fixtures and Fittings
- Includes Freehold Plus Investment Income from Four Residential Lettings
Description
The property enjoys a prominent corner location on the outskirts of the City Centre.
There is ample free car parking close to the subject property for staff and customers alike.
Wolverhampton is one of the sub-regional centres in the West Midlands and had a population of 263,700 in the 2021 census.
DESCRIPTION
The property comprises two interlinked buildings with a prominent road frontage that benefits from high footfall in a well-known location.
The first and second floors have been converted into four apartments which are currently income generating.
CONSTRUCTION
The property is constructed of brick with some rendered panels. Period style, timber shop fronts have been installed to both units. There is decorative wrought ironwork around a balcony feature above the front of the property. Period style sash windows are installed throughout.
ACCOMMODATION
Description FT² (M²)
Property A
Restaurant 850 (78.87)
Kitchen plus Customer Toilets 202 (18.82)
Wine Cellar, Stores & Toilet 181 (16.876)
Total 1,233 (114.56)
Property B
Counter/Servery 332 (30.8)
Kitchen and Food Preparation 266 (24.76)
Cellar 564 (52.44)
Total 1,162 (180)
Total 2,395 (294.56)
In addition the upper floors have been converted to create two 1 bedroom apartments and two 2 bedroom apartments all with independent access.
RATING
The property is split into a number of hereditaments with the following values.
£11,250
£4,600
£14,750
The lets are understood to be Council Tax Band A.
TENURE
The freehold interest in the property is available for sale with vacant possession of the restaurant and takeaway. The flats are understood to be occupied under Assured Shorthold Tenancies.
ENERGY PERFORMANCE CERTIFICATE
Energy Performance Asset Rating is 52C valid until 11th March 2035 for the commercial areas. The residential elements are between C and E ratings.
THE BUSINESS
The restaurant and adjacent pizzeria/takeaway have been established for nearly 30 years and enjoy an enviable reputation for fine food and an excellent dining experience.
The business has traded successfully for many years and offers significant potential for further expansion.
Copy accounts are available to seriously interested parties.
GUIDE PRICE
The business and the freehold interest in the property are available for sale as one lot with a guide price of £1,495,000. Trade fixtures and fittings plus stock available at valuation if required. Alternatively, the owners may consider granting a lease on the operational elements of the property and agreeing a separate deal on the business as a going concern.
VIEWINGS
Viewings by appointment only. All enquiries to First City 'The Property Consultancy' on quoting reference 5396. Ask for Christopher Bywater
- Service charge
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- Business rates
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Waterloo Road, Wolverhampton, West Midlands, WV1
About First City Limited, Wolverhampton
We bring a unique mix of experience and professional skills to the task together with the imagination and foresight to see opportunities and potential where others see only problems.
Fundamental to any successful organisation is its people. We pride ourselves on having a group of professional, highly motivated and experienced staff. It’s a team that’s flexible in its approach and focused on finding innovative ways to deliver added value for our clients.
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Disclaimer - Property reference 5396. 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.