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20-22 Finchfield Road West, Wolverhampton, WV3 8AZ

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Property Overview

Purchase Price: £UNDER OFFER
Type: Investment Properties
Tenure: For Sale
Description:

Detailed Information

Location

The premises are located in the centre of the popular suburb of Finchfield about 2 miles south west of Wolverhampton City Centre.

Nearby occupiers include Lidl, Co-op Food & Travel and Nationwide Building Society.

Description

The two storey detached premises comprises two ground floor retail premises, self contained first floor offices, 3 lock up garages to the rear and with the benefit of parking to both the front and rear of the property.

Accommodation

No. 20 - 50.65sq.m / 545sq.ft

No. 22 - 32.61sq.m / 351sq.ft

No 22a - 49.6sq.m / 534sq.ft

All measurements are approximate and on a Net Internal Basis

Tenure

The property is freehold and is being sold subject to the following leases:-

No.20 - Let to Eaton Kitchen Designs Ltd for a term of 7 years expiring on 13th August 2026 at annual rent of £8,600 per annum with annual open market or RPI linked rent reviews and on an internal repairing and insuring basis. The lease includes 1 garage to the rear

No.22 - Vacant

No.22a - Let to Mr G Poonian for a term of 3 years from 8th May 2019 (holding over) at a rent of £5,750 per annum on an internal repairing and insuring basis. A Schedule of Condition is attached to the lease.

2 of the garages are let to an adjoining occupier on an informal basis at £492 per annum.

EPC

No.20 - To be assessed

No.22 - To be assessed

No.22a - E (107) exp 27/11/28

Price

£250,000

UNDER OFFER

VAT

We are advised VAT will not be charged on the purchase

Viewing

Strictly via the sole selling agents Michael Tromans & Co LLP

01902 425 646

Subject to Contract

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© 2020 Michael Tromans & Co. | Web Design by Nutcracker

Michael Tromans & Co is the trading name of Michael Tromans & Co LLP. Michael Tromans & Co LLP is a Limited Liability Partnership registered in England and Wales.
Registered Office: 6 Waterloo Rd, Wolverhampton, West Midlands WV1 4BL. Registered No. OC358112.

MISREPRESENTATION ACT 1967: Michael Tromans & Co. for itself and for the vendors or lessors of this property whose agents they are given notice that the particulars are a general outline only for the guidance of intending purchasers or lessees, and do not constitute an offer of contract. All descriptions and any other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. No employee of Michael Tromans & Co. has any authority to make or give any representation or warranty whatever in relation to this property.