£1,000,000

Commercial property for sale

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£1,000,000

(£108.79/sq. ft)

Commercial property for sale

74-80 Chapel Ash, Wolverhampton WV3

9,192 sq. ft

Local area information

Property location

Nearby amenities

  • Nishkam Primary School Wolverhampton 0.3 miles
  • Broadmeadow Special School 0.3 miles
  • Wolverhampton 0.8 miles
  • Bilbrook 3.3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Passing rent of £48,140
  • Vacant space erv - £46,800
  • Rare freehold opportunity
This rare freehold opportunity to acquire x2 lock-up shops and 9 self-contained one bedroom apartments 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. There are currently 7 flats let on AST's producing an income of £43,140, and one shop (74-78 Chapel Ash) let for £5,000 per annum (which, based on recent lettings within the parade, we believe is under-rented). 80 Chapel Ash is a 3,675 sq ft retail showroom which is currently vacant along with two flats which are currently vacant. Overall - 9,191 Sq Ft ( 853 SqM ) Please contact the agent for a full breakdown of the accommodation and tenancy schedule. 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 cl

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Description
This rare freehold opportunity to acquire 2 lock-up shops and 9 flats 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. 8 of the flats are let and are producing an income of £50,100 and 1 shop has a passing rent of £5,000. The remaining shop and flat which is empty is estimated to produce an income of £36,600 once let.
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
74-78 Chapel Ash - 1,151 Sq Ft
78A Chapel Ash - 527 Sq Ft
78B Chapel Ash - 548 Sq Ft
78C Chapel Ash - 409 Sq Ft
78D Chapel Ash - 527 Sq Ft
80 Chapel Ash - 3,675 Sq Ft
36A Bath Road - 387 Sq Ft
36B Bath Road - 473 Sq Ft
36C Bath Road - 473 Sq Ft
36D Bath Road - 473 Sq Ft
36E Bath Road - 548 Sq Ft
Overall - 9,191 Sq Ft
Please contact the agent for the tenancy schedule.
Rates
Please contact the agent for information on business rates and council tax.
Terms
We are seeking offers for the freehold in the region of £1,000,000.
Description
Location
Accommodation
Rates
Terms

Description
This rare freehold opportunity to acquire x2 lock-up shops and 9 self-contained one bedroom apartments is located prominently on Chapel Ash, one

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  1. Zoopla
  2. Commercial for sale
  3. West Midlands
  4. Wolverhampton
  5. Wolverhampton City Centre
  6. Chapel Ash

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