UNITS 1,2& 3 480 STAFFORD ROAD, WOLVERHAMPTON, WV10 6AN

Type: Investment,Retail
Size: 0.19 acres
Status: For Sale
Location: Units 1,2&3 480 Stafford Road, Wolverhampton, WV10 6ANView map

Parade of 3 retail units in prominent position
Freehold Investment. Current income £33,750 p.a.
Occupiers include, Betting Shop, Restaurant and Sandwich Shop
Parking to the rear

Call us on 01902 710999
Make an enquiry

Full Property Description

LOCATION

The property is located in the Oxley are of Wolverhampton, circa 3.3 miles from the City Centre, situated on the main A449 Stafford Road which links Wolverhampton to Junction 2 of the M54 Motorway.

The area serves as a key local convenience centre for residents in the immediate vicinity and the nearby Fordhouses and Bushbury areas.

DESCRIPTION

The properties form a parade of shops with the larger of the units having a first floor comprising offices and storage space.

Located in an excellent catchment area for trade in addition to a high level of passing trade.

The properties benefit from a sizeable car park to the rear.

TENANCIES

Betting Shop Lease expires December 2031

Restaurant Lease expires March 2039

Sandwich Shop Lease expires October 2041

The Tenants are long established.

Further information can be obtained by contacting First City Ltd.

VAT

We understand that VAT does not apply to this transaction.

ASKING PRICE

We are instructed to seek unconditional offers in excess of £450,000.00 (Four Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT for our client’s freehold interest.

LEGAL COSTS

Each party will be responsible for their own legal costs.

VIEWINGS

Viewings by appointment only. All enquiries through Agents First City ‘The Property Consultancy’ on 01902 710999 quoting reference 5692. Ask for Neil Hazlehurst neil@firstcity.co.uk