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67 Compton Road, Wolverhampton, WV3 9QZ

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Property Overview

Purchase Price: £UNDER OFFER
Rent: £7psf
Type: Investment Properties
Tenure: For Sale & To Let
Description:

Detailed Information

Location

The property is located approximately 3/mile to the west of Wolverhampton City Centre, on the A454 Compton Road, at its junction with Merridale Lane. The surrounding area is predominantly residential but, does benefit from nearby shops to include Sainsburys.

Description

The three storey premises is of brick construction surmounted by a pitched tiled roof, with parking to the rear.

Internally the property comprises 4 offices on the ground floor with large kitchen / further office and W.C. facilities, 5 offices on the first floor with W.C. facilities and 3 offices, small kitchen and further W.C. facilities on the second floor. In addition is a useful basement area. The offices benefit from gas central heating throughout, fire alarm, intruder alarm and intercom system.

The property does appear to be suitable for alternative uses such as residential, subject to obtaining the necessary consents.

To the rear is a shared tarmac car park accessed off Merridale Lane which, provides parking for 8 cars.

Accommodation

Ground Floor    801ft 74.4m2

First Floor        952ft2   88.4m2

Second Floor    694ft  64.4m2 

Basement        445ft   41.3m2

Lease

The ground floor and two first floor offices are currently occupied by Caring Care who are currently holding over paying £10,000 per annum plus service charge.

There are 3 first floor offices (552 sq.ft) and 3 second floor offices with kitchen and store (694 sq.ft) available to let.

Business Rates

The property has several Rateable Values and we advise interested parties to satisfy themselves with the local authority but, we do believe that upto 100% rates relief could be available subject to circumstances.

Rent

From £7 per ft2, plus service charge, for a new lease on terms to be agreed.

Price

£270,000 for the freehold interest subject to the current tenancies.

UNDER OFFER

EPC

EPC - C - 61

VAT

VAT will be charged where appropriate

Viewing

Strictly by appoint by the sole selling agents.

Subject to Contract

JS/SC Oct 19

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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.