Waterloo Road, Wolverhampton
Size
2,209
Tenure
Freehold
EPC
Parking
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- Primary use
- Traditional office
- Other use(s)
- Mixed use
- Capacity
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- Desks
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No floor / site plan
Key features
- Accommodation Over Four Floors
- Approximate Area 2,209 ft² (205.24 m²)
- Spacious Accommodation
- Car Parking At Rear
- Part Income Generating
- Second floor converted into two apartments
- Permission for conversion of first floor into two further apartments if required
Description
The property is located fronting onto Waterloo Road, Wolverhampton within the established professional office sector of the City, which has traditionally been the location for such occupiers as Solicitors, Surveyors and Financial Consultants. The property has the particular benefit of a rear access off Clarence Street which leads to a private car park for up to 8 vehicles.
DESCRIPTION
The property is thought to date from the mid-18th Century originally constructed as a dwelling but converted to office use many years ago.
The property presents an imposing elevation onto Waterloo Road within a terrace of similar properties. It stands behind a paved forecourt with brick retaining wall.
The property is of brick construction under a pitched slate roof and still retains the period sash windows.
The accommodation is arranged over four storeys. The basement and ground floor operate as a photographer’s studio. The first floor is used as offices and the second floor has recently been converted into two self-contained apartments. There is approval to convert the first floor into two apartments as well.
ACCOMMODATION
Description SQFT SQM
Lower Ground Floor 494 45.88
Ground Floor 502 46.61
First Floor 585 54.33
Second Floor 629 58.41
TOTAL 2,209 205.24
RATING/COUNCIL TAX
The Valuation Office website records three listings for the property as follows:
Basement & Ground Floor of 25 Waterloo Road £8,400
First Floor Front Office 25 Waterloo Road £4,100
First Floor Rear Office 25 Waterloo Road £3,300
The second floor apartments will be assessed for Council Tax in due course.
TENURE
The freehold interest is for sale with the benefit of the existing tenancies.
We are advised that the occupier of the basement and ground floor pays £1,200 per month (£14,400 pa). The first floor front office generates £525 per month and the rear office £400 per month. The apartments have been independently valued at £900pcm each. Gross income potential for the property therefore currently stands at £47,100 pa.
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 £395,000 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 5658. Ask for Christopher Bywater
EPC
Energy Performance Asset Rating: E111. Valid until July 2033.
- Service charge
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- Business rates
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- Use class
- E, C3
- 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
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 5658. 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.