Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A
Key Features: • Investment opportunity comprising two storey premises • Two Individual Tenancies • Current Rental Income £16,000.00 p.a. • Flexible commercial space with carparking
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 19 Waterloo Road, Wolverhampton, WV1 4DY
Full Description: Location
Close to the local centre in a suburb of Birmingham known as Perry Barr. The local area has a mix of residential and retail properties. The area has seen recent significant investment due to the Commonwealth Games.
Description
A two storey former warehouse/workshop. Ground floor area being occupied by Electrical Contractor with first floor occupied by a wedding and bridal business. Brick and render elevations under a pitched roof.
Accommodation
The ground and first floor areas measure 1,133 sq ft making a total of 2,266sq ft over the two floors.
There is a car park area plus a small landscaped area to the side of the building.
Tenure
The property is Freehold and will be sold subject to the existing tenancies.
Tenancies
Ground Floor : Six Year Lease from 17/10/2020 annual rent of rent £8,500.00.
First Floor : Occupied under a Tenancy at Will annual rent of £7,500.00. Terms agreed for a new Lease.
Services
We understand that all mains services are connected.
Business Rates
311 Wellington Road (Ground Floor) £6,100.00
311a Wellington Road (First Floor) £3,650.00
EPC
311 Wellington Road (Ground Floor) C58
311a Wellington Road (First Floor) B40
Method of Sale
The guide price is £225,000.00 (Two Hundred and Twenty Five Thousand Pounds). We reserve the right to set a date for final and best bids.
Viewings
By appointment through the sole Agents.
All enquiries to First City The Property Consultancy quoting reference: 5421