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94 Dovedale Road, Ettingshall Park, WV4 6RB

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Purchase Price:£Sale Agreed
Type:Investment Properties
Tenure:For Sale
Description:

Freehold Investment Property

Shop & self contained flat

Detailed Information

Location

The premises is to be sold as a tenanted investment.

The premises enjoys a corner position with shop frontage to Dovedale Road and Delhurst Avenue, at the end of a popular parade of shops in Ettingshall Park, which has a large residential catchment area and is approx 3 miles from Wolverhampton City centre. 

It can be approached from the Birmingham New Road, Hurst Hill Road or the Wolverhampton Road.

Description

A two storey brick built premises built in 1948. Shop with self contained flat above, pitch roof, recently upvc double glazed windows and shop front.

The premises is to be sold as a tenanted investment.

The ground floor shop has traded successfully for the past 6 years as Posh Paws dog grooming salon.

The first floor residential flat is on a 99 year lease from 13/3/1990 and produces a ground rent for the freeholder.

Accommodation

(All areas approximate)

Ground Floor Shop: 600ft² (55.70 m²)

First Floor Flat: Not inspected

Income

The shop lease is holding over at a rent of £6,040 per annum exclusive.

The flat produces a ground rent only of £25 rising to £50 and £75 in 33yr intervals (2023 next increase). The flat has 70 years left on the lease before it comes back to the freeholder.

Price

£81,000

UNDER OFFER

EPC Rating

E - (105)

Viewing

By arrangement with the agents:

Michael Tromans & Co

01902 425646

tromansandco@aol.com

Subject to contract,

November 2019

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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.