High Street, Wombourne

LOCATION

 

The property is located fronting High Street, Wombourne, in the centre of the village and overlooking the cricket ground.

There is a wide range of retail outlets in the village of Wombourne.  The property has the particular benefit of a shared side access which leads to a small private car park at the rear.

DESCRIPTION

The property is thought to date from the mid-18^th Century and has been converted into two retail/showroom units many years ago.

The property presents an attractive elevation on the High Street within a row of similar properties.

The property is of brick construction and under a pitched tiled roof and still retains a number of period features.

The property currently comprises two separate retail units, the first known as “Estate House” is currently vacant and comprises a ground floor showroom with ancillary office accommodation behind.  The first floor has most recently been used as office accommodation but would lend itself to residential use subject to the relevant consents being obtained.

The second unit, “1 High Street” is currently occupied by Boots UK Ltd and trades as a pharmacy, again benefiting from a retail/showroom area with ancillary accommodation behind and first floor office and storage accommodation above.

Units share a small rear yard which is accessed down the side of the property.  

ACCOMMODATION

Description	FT²	M²
Estate House
Ground Floor Retail	411	38.21
Kitchenette	71	6.6
First Floor	346	32.12
Sub Total	828	76.93
No.1 High Street
Ground Floor Retail	674	62.64
Dispensary	223	20.72
First Floor	785	73.03
Sub Total	1,682	156.39
TOTAL	2,510	233.32

RATING

 

The Valuation Office website lists the building as follows:

Estate House                          £6,200

1 High Street                         £18,000

TENURE

 

The Freehold interest is for sale.  The unit known as Estate House will be sold with vacant possession.

No.1 High Street is currently occupied by Boots UK Ltd, paying an annual rent of £16,000.  The lease has expired and negotiations are ongoing with a view to granting a new lease on terms to be agreed.

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 £350,000 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 01902 710999 quoting reference 5316. Ask for Christopher Bywater chris@firstcity.co.uk

EPC

Energy Performance Asset Rating:  TBC