£275,000
(£178.46/sq. ft)
Retail premises for saleBroad Street, Wolverhampton WV1
1,541 sq. ft
About this property
Detailed Information
Location
The property is located in Wolverhampton city centre in the University and leisure quarter and a short distance from the bus and train stations.
Description
The property comprises a ground floor shop currently trading as a hot food takeaway together with separately accessed upper floors that have been converted to residential accomodation.
The residential accommodation comprises of five bedrooms with multi-occupancy.
The property is being sold as a fully let investment property with the tenant in occupation, the lease summary and rental income details are below.
Accommodation
(Approximate internal areas)
Ground Floor Shop:
Shop 435ft²
Kitchen 186ft²
First Floor Residential:
Stores 495ft²
Second Floor Residential:
Total 425ft²
Lease summary
Tenant: Sunner Sangha Foods Ltd
Rent: £18,000 per annum exclusive.
Lease Term: 15 Year lease term from 8/8/2021
Repairs: Fully repairing and insuring terms
Rent Review: No rent review
Total Rental Income
£18,000 per annum exclusive.
Purchase Price
£275,000 exclusive
VAT
May apply.
EPC
D - (79)
Business Rates
Rateable Value: £7,700.00
Subject to Contract
Viewing strictly by appointment with Michael Tromans & Co llp
10/1/2025
Location
The property is located in Wolverhampton city centre in the University and leisure quarter and a short distance from the bus and train stations.
Description
The property comprises a ground floor shop currently trading as a hot food takeaway together with separately accessed upper floors that have been converted to residential accomodation.
The residential accommodation comprises of five bedrooms with multi-occupancy.
The property is being sold as a fully let investment property with the tenant in occupation, the lease summary and rental income details are below.
Accommodation
(Approximate internal areas)
Ground Floor Shop:
Shop 435ft²
Kitchen 186ft²
First Floor Residential:
Stores 495ft²
Second Floor Residential:
Total 425ft²
Lease summary
Tenant: Sunner Sangha Foods Ltd
Rent: £18,000 per annum exclusive.
Lease Term: 15 Year lease term from 8/8/2021
Repairs: Fully repairing and insuring terms
Rent Review: No rent review
Total Rental Income
£18,000 per annum exclusive.
Purchase Price
£275,000 exclusive
VAT
May apply.
EPC
D - (79)
Business Rates
Rateable Value: £7,700.00
Subject to Contract
Viewing strictly by appointment with Michael Tromans & Co llp
10/1/2025
Mortgage calculator
Monthly repayment
£1,375 per month
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