280 Penn Road, Wolverhampton, WV4 4AD
  • Type: Retail
  • Size: 900 ft²
  • Status: For Sale
  • Location: Wolverhampton, South StaffordshireView map
  • Retail unit located in prominent position with first and second floor self-contained living accommodation
  • Located on a busy road in an established parade of retail units close to Wolverhampton City Centre
  • Current rental income £10,000pa with an estimated rental value of £19,650pa
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Full Property Description

Retail & residential investment for sale.

LOCATION

The property is located in Penn fronting Penn Road (A449) approximately 1.5 miles south of Wolverhampton City Centre and is well served by arterial road links. The property is detached and positioned at the end of an established parade of retail units comprising A1, A2 and A3 uses.

DESCRIPTION

The premises are of traditional brick construction surmounted with a pitched and tiled roof. The ground floor comprises a retail unit with reception/counter area to the front and kitchen and W.C. to the rear. The first and second floor comprises a four bedroom self-contained flat with separate entrance.

ACCOMMODATION

The retail area measures approximately 900 ft² (84 sqm) gross internal area (GIA).

SERVICES

We understand that water, electricity and gas are available to the premises. Interested parties should make their own enquiries with the relevant utility providers.

TENURE

The freehold purchase price is available upon application. The ground floor is let on a FRI lease with effect from 17th September 2002 at a rent of £10,000 per annum. The tenant is holding over on a lease which has not been renewed. The residential flat is currently vacant.

RATEABLE VALUE

The Rateable Value of the ground floor retail accommodation is understood to be £11,250. The flat falls within band B for Council Tax.

ENERGY PERFORMANCE CERTIFICATE

An energy performance assessment has been commissioned.

VIEWINGS

By appointment with the sole letting agents First City Limited on 01902 710999 quoting reference no. 4351.

SUBJECT TO CONTRACT

LOCATION PLAN

 

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