property
The property is prominently situated within Market Square within the heart of Wolverhampton City Centre, fronting Salop Street which has direct access on to the A4150 St Marks Ringroad. Nearby occupiers include Beaties, The Post Office, Dixons, Connells and a variety of well established local retailers. The property is considered to occupy a good prominent catchment area for a variety of uses, subject to obtaining any appropriate planning permission.
The property comprises a centrally located, modern ground floor commercial unit currently being occupied by a charitable organisation.
The accommodation briefly comprises of a spacious block and brick commercial unit, which lies below a substantial modern residential apartment block, fronting Market Square. Internally the property is well presented, providing partitioned offices, a large dance floor and seating area, kitchenette, male and female wcs. the property has an approximate net internal area of 252.50 sq.m. (2,718 sq.ft.).
Commercial Investment
A Long Leasehold Modern City Centre Commercial Investment Opportunity
Passing Rental: £22,000 pa.
We understand that the property is Long Leasehold for a term of 150 years with effect from 2004. It is subject to a Lease for a term of 5 years with effect from 1st February 2013 to Engage Youth Empowerment Services (E.Y.E.S).
Full details relating to the Superior Lease and the Underlease will be available for inspection within the legal pack.
We understand that VAT is not chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
