£995,000

Restaurant for sale

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Just added
Freehold

From

£995,000

(£726.28/sq. ft)

Restaurant for sale

499 Stafford Road, Wolverhampton, West Midlands WV10

From 1,370 - 8,051 sq. ft

Local area information

Property location

Nearby amenities

  • Rakegate Primary School 0.2 miles
  • Elston Hall Primary School 0.3 miles
  • Wolverhampton 2.2 miles
  • Bilbrook 2.4 miles

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

Features and description

  • Freehold
  • Excellent development opportunity STP
  • Fronts the busy A449 Stafford Rd
  • Total site area approximately 0.506 acres
  • Includes restaurant with first floor living accommodation
  • Restaurant NIA - c8,051 sq. Ft .
  • Right to use neighbouring car park for free
  • Estimated Rates Payable: £54667.5
Location

The premises front onto the busy A449 Stafford Rd, are situated at the junction of Marsh Lane, and lie 1 mile south of M54 J2 and 2 miles north of Wolverhampton city centre.

Description

The premises comprise of a large restaurant with first floor living accommodation that occupy a very prominent site measuring 0.506 acres. The premises offer a clear refurbishment/redevelopment/reconfiguration opportunity - subject to securing statutory consents.

Tenure Comments

The premises are available freehold at a guide price of £895,000.

EPC

The premises have an EPC rating of B (46). The certificate is available on request.

Planning

The property is sold with the right for the freeholder and its customers to use the adjoining car park without charge, granted under a 125-year lease dating back to 1966.

VAT

The property is not registered for VAT purposes.

Legal Costs

Each party to be responsible for their own legal costs. The purchaser is to contribute £750 + VAT towards to sellers' legal costs.

More information

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  1. Zoopla
  2. Commercial for sale
  3. West Midlands
  4. Wolverhampton
  5. Stafford Road