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6 Stafford Street, Willenhall, WV13 1TQ

Lot no: 81 Sold at Auction for £96,000
 

Guide Price in excess of £75,000 plus fees


Thursday 4th May 2017

11.00am
Key Features
  • A Freehold Commercial Town Centre Investment Property Current Passing Rent: £12,000 pa.
  • EPC Rating: C
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Sold at Auction for £96,000

Commercial Property

Property Description:

A commercial town centre investment property, situated in Willlenhall Town, together with a number of other shops including the adjacent Boots Chemist. Pedestrian footfall is enhanced by the regular street market.

Ground Floor

Retail Shop premises with roller shutter, Store Room, Washroom and Separate WC.

First Floor

Storage Area.

Tenure

We understand that the property is Freehold and being sold subject to the existing tenancy.

Tenancy Details

The property is currently let as a Charity Shop to Sue Ryder Care on a full repairing and insuring Lease for 15 years from 25th December 2002, subject to 5 yearly rent reivews, at a current gross rental income of £12,000 per annum. We understand that the tenant may not wish to extend their Lease upon expiry.

Size

Net Internal Area of 93.83 sq.m. (1,010 sq.ft.) or thereabouts.

Viewings

Strictly by arrangement with the Auctioneers.

Tenure:

Freehold. Commercial investment.