16 Waterloo Road, Wolverhampton
  • Type: Office
  • Size: 2527sqft
  • Status: Sold
  • Location: 16 Waterloo Road, WolverhamptonView map
  • Offices Over Three Floors Plus Cellar Storage
  • Approximate Area 2,527 ft² (238.95 m²)
  • High Quality Accommodation In Excellent Condition
  • Car Parking At Rear
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Full Property Description

LOCATION

 

The property is located fronting onto Waterloo Road, Wolverhampton within the established professional office sector of the City, which has traditionally been the location for such occupiers as Solicitors, Surveyors and Financial Consultants.  The property has the particular benefit of a rear access off Red Lion Street which leads to a private car park for up to 8 vehicles.

 

DESCRIPTION

 

The property is thought to date from the mid-19th Century originally constructed as a dwelling but converted to office use many years ago.

 

The property presents an imposing elevation onto Waterloo Road and is the right-hand half of a semi-detached building.  It stands behind a raised lawn area with brick retaining wall and is approached by stone steps.

 

The property is of brick construction under a pitched slate roof and still retains the period sash windows.

 

The accommodation extends over three storeys plus a useful cellar storage space and has been maintained to a high standard offering cellular  accommodation.

 

ACCOMMODATION

 

 Description SQFT SQM
     
Ground Floor 854 79.35
First Floor 915 85
Second Floor 315 29.23
Cellars 488 45.37
     
TOTAL  2,527 238.95
     

 

RATING

 

The Valuation Office website records the rateable value as £15,250.

 

TENURE

 

The freehold interest is for sale subject to the leases referred to below:

 

TENANCY

 

The property is currently occupied under two separate leases, but with connected parties in the name of Amber Consultancy and Training Limited occupy the ground floor.  The first and second floor are occupied by Cove Care Residential Limited.  The combined rental payable under the leases is £23,000 per annum and the contractual term on both leases expires on the 22nd November 2023.

 

The leases are on effective full repairing and insuring terms.

 

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 £375,000 for the freehold interest subject to the existing tenancies.

 

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 4918. Ask for Christopher Bywater chris@firstcity.co.uk

 

EPC

 

Energy Performance Asset Rating: E

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