Commercial property for sale in 26-32 Chapel Ash, Wolverhampton WV3
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Property features
- Passing rent of £28,000
- Opportunity to convert uppers into residential
- Rare freehold opportunity
- Offices on upper floors
Property description
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Description
This rare freehold opportunity to acquire x3 lock-up shops with 2 floors of offices above is located prominently on Chapel Ash, one of the main routes to and from Wolverhampton City Centre, benefitting from a substantial amount of passing vehicular traffic. The shops are all currently let producing an income of £28,000 per annum (which based on recent lettings within the parade, we believe there is room for the rents to be pushed on). One of the shops currently let will be vacant from 05/12/23.
Location
The property is located on the busy Chapel Ash close to Wolverhampton City Centre, approximately 0.5 miles away. The surrounding area includes a mix of retailers and professional firms, with a large Sainsburys supermarket and Subway nearby.
The property is also situated close to many bus stops and the train station is only 1.5 miles away via the A4150. This provides excellent transport links to the surrounding areas
Accommodation
Overall - 4,961 SqFt ( 461 SqM )
Please contact the agent for a full breakdown of the accommodation and tenancy schedule.
Rates
26 rv - £6,900
28 rv - £5,600
30-32 rv - £12,500
Terms
We are seeking offers for the freehold in the region of £900,000.
Description
Location
Accommodation
Rates
Terms
Description
This rare freehold opportunity to acquire x3 lock-up shops with 2 floors of offices above is located prominently on Chapel Ash, one of the main routes to and from Wolverhampton City Centre, benefitting from a substantial amount of passing vehicular traffic. The shops are all currently let producing an income of £28,000 per annum (which based on recent lettings within the parade, we believe there is room for the rents to be pushed on).
Location
The property is located on the busy Chap
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Hexagon Commercial Property, DY8 on +44 1384 957981 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hexagon Commercial Property, and do not constitute property particulars. Please contact Hexagon Commercial Property for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.