Commercial Property
False
The subject property is located just off High Street in the centre of the popular village of Wombourne. Access to the courtyard is through an archway adjacent to number 10 High Street.
Wombourne is an attractive and popular, well established village which lies approximately 1 mile west of the A449 Stourbridge Road and approximately 5 miles south west of Wolverhampton city centre.
The main commercial area is centred around the village green and cricket club, where there is a diverse mix of retail, office, leisure and other commercial.
Value Added Tax
We understand that VAT will be chargeable on this transaction, however we understand that the residential element will be exempt. Full details will be available within the special conditions contained within the legal pack.
The property comprises a modern development of seven individual retail units arranged around an attractive courtyard development believed to have been constructed in the late 1980's and just off the High Street in the centre of Wombourne. The premises comprise seven well-presented units of brick construction over ground and first floor with two residential one bed flats at first floor level which are accessed via a communal door located between units 6 and 7.
We have not been able to undertake a measured survey of the premises but we are advised that it extends to approximately 3,937 sq.ft. (365.75 sq.m.). There is a shared access way and parking to the rear.
A Modern Freehold Mixed Retail and Residential Investment with potential for increased rental income
Current Rent Passing: £37,250 pa
Estimated Full Rental Value: £52,850 pa
We understand that the property is Freehold and is being sold subject to the existing tenancies highlighted below.
We have not had sight of full Lease documentation but copies will be available for inspection within the legal pack.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
