fbpx
My Favourites
Free sales valuation
To register for remote bidding in our next National Property Auction click here

The Swan Inn Coltham Road, Willenhall, WV12 5QQ

Sold for for £170,000.
 

Guide Price In excess of £150,000 plus fees


Thursday 7th July 2016

11.00am
Key Features
A Freehold Public House Investment benefitting from a busy 'A' Road position<1mm/> Current Rent Passing: £15,600 pa.
Add to favourites
Sold for for £170,000.

Commercial Property

Bedrooms (Rightmove)

5

Is Preliminary Lot

False

Location

The Swan fronts the busy bend at the junction of A462 which is Straight Road/Coltham Road/Ezekiel Lane in Short Heath, which essentially lies in a centre of a triangle of Willenhall, Wednesfield and Bloxwich, all of which are approximately 3 miles distant, with the M6 motorway and Black Country Route also within close proximity. In the immediate vicinity is a busy mixed use area of residential, light industrial, schools and public open spaces nearby.

Property Description

A three storey semi detached brick built public house, with single storey side and rear extensions. To the rear there is a patio and grassed beer garden and to the side there is car parking for approximately 16 cars.
Internally, there are two separate trading areas, entered directly from the front entrance, the larger of the two is the 'L' shaped public bar which lies to the front, with bar servery and perimeter bench seating. Beyond this, is the lounge, a small room with fireplace and serving access to the bar. There is a trade kitchen and large store room, whilst customer toilets lie off a lean-to at the side. There is a large chilled basement cellar with drop from the rear.
The living accommodation is split over the top two floors and is made up of a living room, kitchen, bedroom, bathroom and separate WC on the first floor, with a further four rooms on the second floor.

Property Type

Commercial Investment

Tag Line

A Freehold Public House Investment benefitting from a busy 'A' Road position
Current Rent Passing: £15,600 pa.

Tenure

We understand that the property is Freehold, subject to a 3 year Lease with effect from 30th March 2015, at a current rent of £15,600 per annum.
Further details and a copy of the Lease will be available for inspection within the legal pack.

Value Added Tax

We understand that VAT will be chargeable on this transaction. Full details will be within the Special Conditions of Sale, contained within the legal pack.

Viewings

Strictly by arrangement with the Auctioneers.

Tenure: