Property Information
Address:
116-126 STEELHOUSE LANE, WOLVERHAMPTON, WV2 2AW
, WV2 2AW
Price: Property no longer available.
Size: 5918 sq ft549 sqm
Primary Category: Investment
All Categories:
Investment, Shop,
Property Ref/Movehut: MH580708
Property Ref/Agent: 116-126-steelhouse-lane-wolverhampton-wv2-2aw-3
*Please use the agent ref when calling the agent directly.
Property description
Brochure Link
Location:
The premises are situated in a in a mixed use location comprising mainly of residential and some commercial businesses fronting Steelhouse Lane.? Wolverhampton City Centre is approximately ? miles south east of the subject premises.? Junction 10 of M6 Motorway is approximately 6 miles east which leads to the wider motorway network.
Description:
The property comprises of?a single storey detached retail warehouse building of brick built construction surmounted by a pitched corrugated roof.? Internally the property has been fully fitted to provide a retail unit and benefits from a concrete floor, full suspended ceiling throughout incorporating LED lighting, electric roller shutter to the front, three-phase electric and WC facilities.? There is a metal electric roller shutter door to the side.? To the rear of the building is a yard area accessed via secure metal gates from the main road.? Externally there is car parking to the side of the property.
Accommodation
Energy Performance Certificate:
Details available upon request.
Services:
We are advised all main services are connected to include gas, water and three phase electricity.
Planning:
We have been advised by the vendor that the property has planning permission for A1 (General Retail) use.
Interested parties are advised to make their own enquiries to the planning department at Wolverhampton City Council on 01902 551 155.
Terms:
The property is currently let on a 15 year lease with effect from 8
th
January 2016 at a passing rent of £24,000 per annum exclusive.? There is a tenant only break option at the 10
th
anniversary and 5 yearly rent reviews.? The landlord is holding a 3 month rent deposit as well as a personal guarantee.
Tenure / Price:
The freehold investment is for sale at a quoting price of £325,000.
Business Rates:
The property is currently listed within the 2010 rating listing as having a rateable value of £17,000. ?Rates payable will be in the region of £8,194 per annum.
Interested parties are advised to make their own enquiries to Wolverhampton City Council on 01902 551 155.
VAT:
The property is not elected for VAT.
Legal Costs:
Each party to be responsible for their own legal costs incurred during this transaction.
Viewing:
Contact Details:
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