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Clarendon Street, Wolverhampton, WV3 9PP

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Purchase Price:£245,000
Type:Investment Properties
Tenure:For Sale
Description:

Detailed Information

Location

The property is located about half a mile to the West of Wolverhampton city centre, between Tettenhall Road and Compton Road in a popular residential area

Description

The premises comprise a large freestanding building and a fenced compound/yard area opposite

The main building is divided to form a workshop premises on the groud floor, with a large self contained flat on the first floor

Accommodation

Ground Floor

Workshop/Unit       1820ft2

 First Floor

Large Flat comprising;

Room 1 (kitchen)      145ft2

Room 2                    145ft2

Room 3 (bathroom)     84ft2

Room 4                     167ft2

Room 5                     124ft2

Room 6                     235ft2

 

External 

Compound / Yard       380yd2

Tenancies

The property is subject to two tenancies;

The flat is tenanted at a rent of £650pcm

The unit and compound are held on a lease expiring May 2020 at a rent of £800pcm

Total rent roll                          £1450pcm or £17400pa

Development Potential

The site may have potential for future residential develeopment potential

In May 2011 application 10/01398/FUL was approved, which in part gave approval to convert the two storey building into four self-contained flats. (The building of two adjacent houses was carried out as part of this consent.)

The compound area would also appear to have potential for a residential development, subject to planning consent. 

Price

£245000

VAT

May apply

Viewing

By arrangement with Michael Tromans & Co 01902 425646

Subject to contract

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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.