TOORA HOUSE, HOMERS FOLD, BILSTON, WOLVERHAMPTON, WV14 0BA

TWO STOREY RETAIL/OFFICE PROPERTY – INCOME PRODUCING – FREEHOLD

Investment

Office

Retail

UNDER OFFER

£235,000
Location:

The property is located on Homers Fold in Bilston, which is not too far from the A41 Lichfield Street. TheA41 provides direct access to Wolverhampton City Centre and Birmingham City Centre. The local area consists of a mixture of national & independent businesses and residential properties. Bilston Central Station is situated a short distance from the premises and benefits from regular trams between Wolverhampton and Birmingham. Junction 10 of the M6 motorway is located approximately 4 miles east from the premises which provides easy access to the M54, M5, A38(M) and the M42.

Description:

The property comprises of a detached two storey retail building of brick construction surmounted by a flat roof. Internally the property is split over two floors and benefits from a glazed shop front on the ground floor, tiled floors, plaster & painted walls, suspended ceiling incorporating CAT 2 lights, gas fired central heating, kitchen and WC facilities. On the first floor, there is a self-contained office which is split into various partitioned rooms that are carpeted and benefit from fluorescent strip lighting, UPVC double glazing, kitchen & WC facilities. There is an electric metal roller shutter to the front.

Accommodation
Ground Floor
883 Sq Ft
82 Sq M
First Floor
845 Sq Ft
79 Sq M
Total Sq Ft:
1,728 Sq Ft
Total Sq M:
161 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected to include mains gas, water and electricity.

Mason Young Property Consultants has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.

Planning:

Interested parties are advised to make their own enquiries to City of Wolverhampton Council on 01902 511 166.

Terms:

The ground floor retail shop is currently let on at a passing rent of £13,500 per annum exclusive. The first floor is currently let on at a passing rent of £5,040 per annum exclusive giving a total income of £18,540 per annum exclusive.

Tenure / Price:

The freehold interest is available at a quoting price of £235,000, subject to contract.

Business Rates:

The property is currently split within the 2017 rating listing as the ground floor has a rateable value of £6,900.00. Rates payable will be in the region of £3,443.10 per annum. The first floor has a rateable value of £4,250.00. Rates payable will be in the region of £2,120.75.

Interested parties are advised to make their own enquiries to City of Wolverhampton Council on 01902 511 166.

VAT:

We understand that the property is not elected for VAT.

Legal Costs:

Each party to be responsible for their own legal costs incurred during this transaction.

Viewing:
Strictly by prior appointment with the sole agents,
Mason Young Property Consultants.
Contact Details:
Arjamand Farooqui BSc (Hons)
Tel: 0121 285 3535
Mob: 07929 410 481
Email: af@masonyoung.co.uk
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