Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Open Plan
- Split over 2 storeys
- Vacant former bar
- License for bar/restaurant
The property comprises a vacant former Bar / Restaurant premises in Wolverhampton City Centre. The largely open plan space is split across 2-storeys and benefits from access points on both School Street and Fold Street.
We understand the property also has a premises licence having formerly ran as a bar /restaurant.
Location
The property occupies a prominent position on the corner of School Street and Fold Street in Wolverhampton City Centre. The property is located within the inner ring road (A4150) and just off the newly pedestrianised Victoria Street. It is a short walk to the Wulfrun and Mander shopping centres, and sits just behind the former Beatties building which will soon be undergoing redevelopment.
Wolverhampton Train and Metro Stations are located about ½ a mile away, in addition to a number of car parking options in close proximity.
Terms
We are inviting offers in excess of £250,000 for the freehold interest
VAT
All figures’ quotes are exclusive of VAT which is not payable.
Business Rates
Rateable Value = £10,500
We understand the property qualifies for exemption under Small Business Rates Relief, subject to tenants’ eligibility.
Services
We are advised that all main services are connected.
The agent has not checked and does not accept responsibility for any of the services within this property and would suggest that any occupier satisfies themselves in this regard.
Planning Use
We understand that the unit has planning permission under use class E.
The property may be suitable for alternative uses subject to
obtaining the necessary planning consent.
Legal Costs
Each party are to be responsible for their own legal costs incurred during this transaction.
Anti Money Laundering (AML)
In accordance with Anti-Money Laundering Regulations, we will require two forms of ID from the successful applicant.
Availability
The property is available immediately upon completion of legal formalities.
Viewings
Strictly via the sole agents Siddall Jones.
Property information from this agent
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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