20-22 Finchfield Road West, Wolverhampton, WV3 8AZ
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
JS/SC June24
