Ground Maisonette
False
The property is situated off Wednesfield Road about 1/2 a mile to south east of Wednesfield town centre and approximately 2 1/2 miles from Wolverhampton city centre.
Plans/Aerial Photographs
Value Added Tax
Viewings
Any plans and/or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
For information in respect of VAT please refer to the Special Conditions of Sale in the Legal Pack.
External viewings only.
The property comprises a parcel of land which is understood to extend in total to an area of about 4.1 aces (1.6 hectares) or thereabouts. It is previously understood to have formed part of the Bentley Canal and currently forms part of the Steelpark industrial complex. It is currently believed to be used for car parking, open storage and landscaping.
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 Commercial Ground Rent Investment Opportunity comprising a parcel of land forming part of the site of the Steelpark
Current Gross Income: £10,100 pa with a rent review due in 2017
We understand that the majority of the site is Let on the basis of a Lease, assigned to Schroder UK Property Fund, for a term of 125 years from 25th March 1997 at an initial rent of £10,100 per annum with provision for review on 20th, 40th, 60th, 80th and 100th of the date of commencement of the term and with the first rent review due in 2017.
For further details of the tenancy, confirmation of the term of the Lease, the current gross rent passing and review provisions, refer to the Legal Pack.
We understand that the property is Freehold and is being sold subject to the existing tenancy. For further information in this regard please refer to the Legal Pack.
