£375,000
Retail premises for sale
Property photos
Just added
£375,000
(£98.40/sq. ft)
Retail premises for sale
Church Street, Bilston WV143,811 sq. ft
Local area information
Property location
Nearby amenities
- Ormiston SWB Academy 0.2 miles
- Bow Street School (SEN) 0.2 miles
- Coseley 1.4 miles
- Wolverhampton 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Location
The property is located in the main shopping district of the town with neighbouring occupiers including LLoyds bank, Greggs and Superdrug.
Description
The property provides extensive accommodation over two floors.
It is an investment property currently let to Playland Holdings Limited on a 10 year lease from July 2023.
The current passing rent is £26,000 p.a.x rising via a stepped rental agreement to £30,000 over the next three years in 2028.
Accommodation
Ground floor sales 1873ft2
Store 184ft2
First floor 1938ft2
Price
£375000
Rental Income
Tenant Playland Holdings Limited.
Current rental income £24,000 p.a.x rising to £30,000 p.a.x by 2028.
Lease expiry July 2033.
Business Rates
rv £27250
VAT
May apply
Viewing
By arrangement with Michael Tromans & Co, Tel Subject to contract
The property is located in the main shopping district of the town with neighbouring occupiers including LLoyds bank, Greggs and Superdrug.
Description
The property provides extensive accommodation over two floors.
It is an investment property currently let to Playland Holdings Limited on a 10 year lease from July 2023.
The current passing rent is £26,000 p.a.x rising via a stepped rental agreement to £30,000 over the next three years in 2028.
Accommodation
Ground floor sales 1873ft2
Store 184ft2
First floor 1938ft2
Price
£375000
Rental Income
Tenant Playland Holdings Limited.
Current rental income £24,000 p.a.x rising to £30,000 p.a.x by 2028.
Lease expiry July 2033.
Business Rates
rv £27250
VAT
May apply
Viewing
By arrangement with Michael Tromans & Co, Tel Subject to contract
More information
Listed by
Michael Tromans and Co
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