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32 BIRCHWOOD ROAD, PENN, WOLVERHAMPTON, WV4 5UH

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Property Overview

Purchase Price: £92,500
Type: Investment Properties
Size: 497 sq. ft / 46 sq. mtrs
Tenure: For Sale
Description:

Detailed Information

Location

The property is located within a small neighbourhood parade on Birchwood Road, close to its junction with Westbourne Road, approximately 1.5miles south of Wolverhampton City Centre.

Description

The property comprises a ground floor lock up shop, currently let as a tattoo studio comprising main retail area, rear store, kitchen and W.C. facility. In addition there is a single lock up garage included within the sale.

Please note the first floor flat is not included within the sale, it has been sold LLH, there are approximately 70 years remaining on the lease TBC. The flat owner is to pay to the freeholder £25 per annum ground rent and 50% contribution towards the building insurance.

Accommodation

(All areas are approximate)

Shop/Salon:            338ft² / 31 m²

Treatment Room:   124 ft² / 12  m²

Kitchen:                  35 ft² / 3  m²       

WC

Total:                 497 ft²  / 46 m²

Tenure

The property is freehold and sold subject to the existing lease.

The lease is for a term of 3 years from 6th June 2025 on an internal repairing and insuring basis at a rent of £6,500 per annum, exclusive.

Price

Offers in the region of £92,500

Business Rates

Rateable Value         £ 4,150

VAT

The property is not currently elected for VAT.

EPC Rating

To be assessed.

Viewing

By arrangement with the agents:

Michael Tromans & Co

Tel: 01902 425646

Email: tromansandco@aol.com

Subject to Contract

JS/SC/Oct25

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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.