Retail premises for sale in Darlington Street, Wolverhampton WV1

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.

EPC

To be assessed

VAT

VAT will be charged where appropriate.

Viewing
Strictly by appointment with the agents Michael Tromans & Co llp

Tel Subject to Contract