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Wednesfield - 102, 104 & 114 High Street, Wolverhampton, West Midlands WV11 1SZFreehold Shop and Residential Investment
Tenancies & Accommodation:
Investment Consideration:
Purchase Price: £200,000 Gross Initial Yield: 8.61% Rental Income: £17,220 p.a. VAT is NOT applicable to this property Located on one of the town's main shopping thoroughfares. Prominent shop location An end of terrace building comprising a Ground Floor Shop with separate rear access to 2 Self-Contained Flats on the first and second floors Property is amongst such multiple retailers as Boots, Lloyds Pharmacy, Betfred, Greggs, Co-operative Funeral, Barclays, Nationwide, NatWest, Post
Office and Heron Foods
Wednesfield - 102, 104 & 114 High Street, Wolverhampton, West Midlands WV11 1SZFreehold Shop and Residential Investment
Property Ac c ommodation Lessee & Trade Term Current Rent £ p .a. Notes
No. 102(Ground Floor Shop)
Gross Frontage 19'3"Internal Width 17'11"Shop & Built Depth 70'4"Sales Area Approx. 770 sq ftWC
Image Squad Limited with a personal guarantee (PhotographicStudio)
3 years from1st August 2019
£8,400 Note 1: FRINote 2: Break clause 31.07.2021
No. 104(First Floor Flat)
1 Bedroom, Living Room, Kitchen,Bathroom/WC52.00 sq m (560 sq ft)
Individual Holding over £4,980 Note 1: ASTNote 2: £415 Rent Deposit held.
No. 114(Sec ond Floor Flat)
2 Bedrooms, Living Room, Kitchen,Bathroom/WC65.00 sq m (700 sq ft)
Individual Holding over £3,840 AST£150 Rent Deposit held.
Total £17,220
Property Description:An end of terrace building comprising a Ground Floor Shop with separate rear access to 2 Self-Contained Flats planned on the first and second floors. In addition, the property benefits from use of a rear service area.
The property provides the following accommodation and dimensions: Ground Floor Shop: 71.54 sq m (770 sq ft)First Floor Flat: 52.00 sq m (560 sq ft)Second Floor Flat: 65.00 sq m (700 sq ft)
Tenancy:The shop is at present let to Image Squad Limited t/a Photographic Studio with a personal guarantee for a term of 3 years from 1st August 2019 at a current rent of £8,400 per annum and the lease contains full repairing and insuring covenants. The lease provides the tenant with an option to determine on the 31st July 2021. The first floor residential flat, No. 104, is at present let on an AST to an individual that is holding over at a current rent of £4,980 per annum. The second floor residential flat, No. 114, is at present let on an AST to an individual that is holding over at a current rent of £3,840 per annum.
Location:Located in the town’s main retailing thoroughfare, amongst such multiple retailers as Boots, Lloyds Pharmacy, Betfred, Greggs, Co-operative Funeral, Barclays, Nationwide, NatWest, Post Office and Heron Foods. In addition, there is an Outdoor Market along the High Street on Tuesdays, Wednesdays, Fridays and Saturdays. Wednesfield forms part of the Black Country area of the West Midlands conurbation approximately 3 miles north-east of Wolverhampton town centre with easy access to the both the M6 (Junction 10) and the M54 (Junction 1).
Wednesfield - 102, 104 & 114 High Street, Wolverhampton, West Midlands WV11 1SZFreehold Shop and Residential Investment
Contacts:
To view copies of the leases, information on the title, other information, please contact Joseph Bachman or Prash Jaitley.
Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease.
Prash Jaitley – Managing Partner M: +44(0)79618 53166E: [email protected]
Joseph Bachman – COOM: +44(0)77236 19270 E: [email protected]
Address:
Blue Alpine Partners LimitedTrading Address: 83c Ashley Gardens, Thirleby Road, London, SW1P 1HGRegistered Address: Suite 115, Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ
Wednesfield - 102, 104 & 114 High Street, Wolverhampton, West Midlands WV11 1SZFreehold Shop and Residential Investment
