Investment for Sale

Part Investment Retail Premises with Offices and Stores   Car Parking Within approximately 100 metres of the pedestrianised retailing centre of Willenhall  

LOCATION:  The property is situated on the western side of Stafford Street within approximately 100 metres of the pedestrianised retailing centre of Willenhall where retailers include Heron Foods, Greggs, Cancer Research, Bet Fred and Savers.

DESCRIPTION:   The property comprises a part two and part single storey mid-terraced retail premises of brick construction with part pitched tiled roof and part flat roof.  To the rear via a communal driveway, there is access to a car park where the subject property has the benefit of two spaces.

ACCOMMODATION:  On The Ground Floor:  Retail Shop with glazed display window and entrance door, external power operated security shutter, Toilet, Two Rooms, Kitchen and Shower Room.   Total Ground Floor Net Internal Floor Area: Approximately 808 sq.ft. (75.07m²)  On The First Floor:  Two Offices.  Total First Floor Net Internal Floor Area: Approximately 347 sq.ft. (32.24m²). 

TOTAL NET INTERNAL FLOOR AREA: APPROXIMATELY 1155 SQ.FT. (107.31M²) 

OUTSIDE:  Two car parking spaces in the rear car park.

SERVICES: Usual mains services are understood to be connected or available to the property.  No tests have been applied to any of the services or appliances.

RATING DATA: (information obtained from the Valuation Office Agency Web Site):

Rateable Value:  £4900

Description:    Shop and Premises

NB:  Small Business Rate Relief may be available.  Interested parties are advised to make their own enquiries of the Local Authority in this regard.

TOWN PLANNING:   The property is currently used as a convenience store which would fall within Use Class E of the Use Classes Order.  Interested parties are advised to make their own enquiries of the Local Authority Planning Department in respect of their intended use.

TERMS:   The majority of the property is let by way of a two year internal repairing lease at a rental of £9,600 per annum.  The rear section of the property comprising the two rooms, kitchen and shower room with a separate door from the rear car park is vacant and could be let to provide additional income if required.

TENURE:  Believed Freehold.

ENERGY PERFORMANCE CERTIFICATE:  The property has a rating of D (100).  A copy of the EPC will be available for inspection at the agent’s offices or on their web site.

VIEWINGS:    Contact Fraser Wood Commercial on 01922 629000.

Please note that all parties viewing the property do so at their own risk and neither the vendor nor the agent accept any responsibility or liability as a result of any such viewings.