property
The sale will be subject to certain conditions including the retention of certain rights relative to access and maintenance of the adjoining canal . For further details, please refer to the legal pack.
The property is situated off Lath Lane, a cul-de-sac accessed from Spon Lane South, within an established industrial area. To the north, the property is bounded by the Birmingham Canal Wolverhampton Level with the elevated M5 motorway beyond.
Interested parties should make their own enquiries of the Local Planning Authority relative to Town Planning and Licensing and independently satisfy themselves in regard to these.
Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
The property which is accessed from Lath Lane comprises a fenced yard extending to about 0.25 acres (0.1 hectares) on a gross site of about 0.5 acres (0.2 hectares), which includes the accessway.
Commercial Investment
The property is sold subject to, or with the benefit of any rights of wayleaves, easements, restrictive covenants etc. which may exist whether mentioned in these particulars or not.
A Freehold Industrial Yard Investment
Current Rental Income: £6,000 pa.
The property is let on a Lease for a term of 10 years commencing on 16th February 2009, at a rental of £6,000 pa, for the purposes of scrap metal and waste recovery business, with provision for a rent review from 16th February 2014. Further details and a copy of the Lease are available within the legal pack.
We understand that the property is Freehold and is being sold subject to the existing tenancy. For further details, please refer to the legal pack.
The vendor reserves the right to charge VAT.
External viewings only.
