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91-92 Darlington Street, Wolverhampton, WV1 4EX

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Property Overview

Purchase Price: £UNDER OFFER
Type: Investment Properties
Size: 3,058 sq. ft / 284 sq. mtrs
Tenure: For Sale
Description:

Detailed Information

Location

The property is located on Darlington Street in Wolverhampton City Centre, close to the Mander Centre, The Halls (music venue) and numerous local and national retailers. Nearby operators include Rudells, Post Office and Pertemps.

Description

The property comprises a mid terrace, three storey premises of brick construction, surmounted by a pitched tiled roof. The ground floor consists of a double fronted retail premises (currently trading as a hairdressers) with return frontage onto Blossoms Fold. The shop benefits from a large basement area and two first floor offices and W.C. facilities, to the rear is a small yard area with access from Blossoms Fold.

A self contained side entrance off Blossoms Fold leads to the first and second floors which currently trade as an electrolysis and beauty centre with 3 large rooms on the first floor and 5 on the second to include W.C. facilities.

Accommodation

Ground Floor   1,018sq.ft   94.58sq.m

First Floor       1,220sq.ft  113.41sq.m

Second Floor     820sq.ft    76.20sq.m

Basement (not measured)

All measurements on a net internal basis

Tenure

We understand the property to be freehold.

Tenancies


The ground floor, basement and part first floor is currently occupied by Lisa Milner but, they have given Notice to Vacate in December 2023 

The first and second floors are let to The Electrolysis Centre for a term expiring on 1st July 2025 at a current passing rent of £11,150 per annum, exclusive.

The Electrolysis Centre have been allowed to sub let one first floor room to Inky G's Tattoos.

Price

Offers in the region of £315,000 for the freehold interest subject to the current tenancies.

This property is now Under Offer

EPC

To be assessed

VAT

VAT will be charged where appropriate.

Viewing

Strictly by appointment with the agents Michael Tromans & Co LLP 

Tel 01902 425 646

Subject to Contract

JS/ SC

Sept 2023

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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.